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 wholly owned subsidiary named Landmark Luxury Retail Private Limited (LLRPL) on August 14, 2025. The new entity will operate in the retail industry, specifically trading in luxury items, which is a new business area for the company (its main business is automotive dealerships). Landmark Cars holds 100% of LLRPL through a cash investment of Rs. 1,00,000 (10,000 equity shares at Rs. 10 each). The subsidiary is yet to commence business operations and is registered in Ahmedabad, Gujarat.
This is a small strategic diversification move into luxury retail, a new vertical beyond the company's core auto dealership business. Given the minimal initial investment, the immediate financial impact is negligible, but it signals management's intent to expand into adjacent premium/luxury segments which could support long-term growth if executed well.