Landmark Cars Limited has informed the exchange about approval of the scheme of Amalgamation between Landmark Cars Limited (Transferee Company) and Landmark Cars (East) Private Limited, wholly owned subsidiary Company (Transferor Company) and their respective Shareholders and Creditors ('the Scheme') under Sections 230 and 233 of the Companies Act, 2013 read with Rule 25 of Companies (Compromises, Arrangements and Amalgamations) Rules, 2016.
LANDMARK · price
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Landmark Cars Limited reported audited consolidated results for FY2026 with revenue from operations of Rs 18,962.29 million and profit after tax of Rs 380.62 million, compared to Rs 40,254.98 million revenue and Rs 173.37 million PAT in FY2025. The Board approved a Final Dividend of Rs 1.50 per equity share (30%) for FY2025-26, subject to shareholder approval. The company also approved a scheme of amalgamation to merge its wholly-owned subsidiary Landmark Cars (East) Private Limited into the parent company. Since the subsidiary is 100% owned, no new shares will be issued and no cash consideration will be paid. The scheme requires approval from regulatory authorities including Regional Director and Stock Exchanges. Additionally, 37,000 stock options were granted to employees under ESOP 2023, and Ms. Spruha Mehta from the promoter group sought reclassification to public category.
The amalgamation of the wholly-owned subsidiary is a routine consolidation with no impact on minority shareholders as no new shares or cash is involved. The strong profit growth and dividend announcement are positive signals for investors.