Landmark Cars Limited has informed the Exchange regarding 'Application received from Person falling under Promoter Group for Reclassification of status to Public under Regulation 31A of LODR, 2015'.
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Landmark Cars Limited received a formal request from a Promoter Group member on May 21, 2026, seeking reclassification from 'Promoter Group' to 'Public' category under SEBI's Regulation 31A. The company has informed both BSE and NSE about this application. The request will be reviewed by the Board of Directors as per the specified procedures under the LODR Regulations. The outcome of the Board's decision will be communicated to the exchanges subsequently. The filing does not disclose the identity of the requesting promoter group member or the extent of their shareholding.
If approved, this reclassification would reduce the company's disclosed promoter group holding, potentially affecting the perceived promoter stake in the company. It may signal partial promoter exit intentions, though no actual stake sale has been announced yet.