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 category to public category, subject to approval by the Stock Exchanges where equity shares of the Company are listed ie. Bombay Stock Exchange and National Stock Exchange and any other regulatory approval, if required.
LANDMARK · price
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On the reaction day the stock moved 5.3 pts less than Nifty Microcap 250 and 6.1 pts less than its Automobiles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Landmark Cars Limited reported strong FY2026 results with consolidated revenue of Rs 4,914 crore (up 22% YoY) and net profit of Rs 380.6 million (up 120% YoY). The Board approved audited standalone profit of Rs 412.1 million for FY26. Key decisions include recommending a final dividend of Rs 1.50 per share (30%) for shareholder approval, approving a scheme to amalgamate wholly-owned subsidiary Landmark Cars (East) Private Limited with the parent company, granting 37,000 ESOPs to employees, and appointing Ernst & Young as internal auditor. Additionally, the Board approved Ms. Spruha Mehta's application for reclassification from Promoter group to Public category, subject to stock exchange and regulatory approvals.
The strong financial performance and dividend recommendation are positive signals for shareholders. The promoter reclassification reduces the promoter group holding base, which could increase public float and liquidity. The amalgamation of the subsidiary streamlines the group structure.