Board approves Q2 results, Rs 7,500 Cr capital hike, name change to Landsmill Green
LANDSMILL · price
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Standalone H1 FY26 revenue rose to Rs 1,069.91 lacs from Rs 723.71 lacs YoY, growth of about 48 percent. H1 net profit was Rs 137.54 lacs versus Rs 175.34 lacs last year. Board approved increasing authorised capital from Rs 500 crore to Rs 7,500 crore and changing the company name to Landsmill Green Limited or similar. New executive director Mr. Garvit Agarwal was appointed; whole time director Ms. Ranjana Khurana resigned. Objects clause to be amended to add renewable energy, solar, and biofuel businesses.
Massive capital hike and name change signal major strategic shift toward renewable energy; H1 profit dip despite revenue growth may worry investors.