Landmark Cars Limited has informed the Exchange about the incorporation of Wholly Owned Subsidiary named Landmark Luxury Retail Private Limited on August 14, 2025. Disclosure is enclosed herewith.
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Landmark Cars Limited has incorporated a new wholly owned subsidiary named 'Landmark Luxury Retail Private Limited' (LLRPL) on August 14, 2025, with the Registrar of Companies in Gujarat, Ahmedabad. The new entity will be engaged in the retail trading of luxury items, marking the company's entry into a new business line beyond its core auto dealership operations. Landmark Cars holds 100% of the paid-up share capital, investing Rs. 1,00,000 (10,000 equity shares at Rs. 10 each) through cash consideration. LLRPL is newly incorporated, has no prior turnover, and is yet to commence business operations. The investment qualifies as a related party transaction but will be carried out at arm's length.
The financial impact is negligible given the small initial investment of just Rs. 1 lakh, and the new subsidiary is not yet operational. However, this signals Landmark Cars' strategic intent to diversify into the luxury retail segment, which could become a meaningful growth driver if executed well over the long term. Investors should watch for further capital infusion and business updates from LLRPL in coming quarters.