Landmark Cars Limited has informed the exchange about approval of the application of Ms. Spruha Mehta, a member of promoter group for reclassification of her status from Promoter group ....
LANDMARK · price
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Landmark Cars Limited reported strong FY26 consolidated results with net profit more than doubling to ₹380.62 million from ₹173.37 million in FY25, despite flat revenue of ₹40,255 million. The Board recommended a final dividend of ₹1.50 per share (30% on ₹5 face value) for FY26, subject to shareholder approval. The company approved a scheme to amalgamate its wholly-owned subsidiary Landmark Cars (East) Private Limited into itself under Sections 230/233 of the Companies Act, 2013. Additionally, 37,000 stock options were granted to employees under ESOP 2023. Ms. Spruha Mehta, a promoter group member, has been approved for reclassification from promoter group to public category, pending stock exchange and regulatory approvals.
The sharp jump in profitability (120% YoY PAT growth) reflects improved operational efficiency and cost management. The dividend and ESOP grants signal management confidence. The promoter reclassification of one small member is minor and unlikely to impact stock price materially, though it slightly reduces the promoter group's apparent holding.