Landmark Cars Limited has informed the Exchange regarding Outcome of Board Meeting held on December 31, 2025.
LANDMARK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Landmark Cars Limited, at its meeting on December 31, 2025, approved an investment of Rs. 80 crore in its three wholly owned subsidiaries (WOS) by subscribing to their rights issue. The funds will be deployed as OCRPS: Rs. 25 crore in Aeromark Cars (MG brand dealer), Rs. 35 crore in Landmark Premium Cars (KIA brand dealer), and Rs. 20 crore in Landmark Mobility (Mahindra brand dealer). The purpose of the investment is to reduce the existing loans extended by Landmark Cars to these subsidiaries, effectively converting inter-corporate debt into preference capital. Shareholding will remain 100% in all three subsidiaries, with no change in control. The subsidiaries have shown strong revenue growth, particularly Aeromark Cars which grew from Rs. 138 crore (FY24) to Rs. 425 crore (FY25).
Neutral to mildly positive for shareholders. This is an internal capital restructuring that converts loans into OCRPS, easing the debt burden on subsidiaries and strengthening their balance sheets. Since the holding remains 100% with no new equity issued to outside parties, there is no dilution. As a related party transaction, it may require shareholder approval under SEBI rules.