Landmark Property Development Company Limited has informed the Exchange regarding voting results of Extraordinary General Meeting held on March 12, 2026
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Landmark Property Development Company (part of Dalmia Group) held an Extra-Ordinary General Meeting on March 12, 2026, via video conferencing, where shareholders voted on one resolution: approval of a material related party transaction with Eterna Living Private Limited (formerly Ansal Landmark (Karnal) Township Private Limited). Of the 32,861 shareholders on record, only 72 public shareholders attended through video conferencing, while no promoter group members attended. The resolution was passed with the required majority, with 99.89% of votes polled (3,062,098 shares) in favour and just 0.11% (3,497 shares) against. Notably, the promoter group (holding 87 million shares, about 64.8% of outstanding shares) and public institutions completely abstained from voting on this resolution in which they were declared interested. Total votes polled represented only 2.29% of the company's outstanding shares.
The related party transaction has been approved, but the extremely low voting turnout (2.29%) means the result largely reflects the views of a small group of public retail investors. The promoter group's decision to abstain on a transaction in which they were interested is noteworthy and may raise governance questions, though retail shareholders who voted strongly supported the deal.