Landmark Cars Approves FY26 Audited Results, Recommends 30% Dividend, and Greenlights Amalgamation Scheme
Landmark Cars reported audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The company recommended a final dividend of 30% (Re. 1.50 per share). The Board also approved an amalgamation scheme for its wholly-owned subsidiary and appointed Ernst & Young LLP as Internal Auditor.
The announcement includes approval of financial results, a dividend recommendation, and a significant corporate action like amalgamation, which are material events for shareholders and the company's structure.
The company reported positive financial results, recommended a dividend, and approved a strategic amalgamation, all of which are generally viewed favorably by the market.
Landmark Cars Limited announced the outcome of its Board Meeting held on May 26, 2026, commencing at 4:00 p.m. and concluding at 6:20 p.m.
The Board considered and approved the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026. The financial statements were reviewed and recommended by the Audit Committee and received unmodified opinions from the Statutory Auditors, M/s. MSKC & Associates LLP.
A final dividend of 30.00% (Re. 1.50 per equity share of face value Rs. 5/-) for the financial year 2025-26 was recommended, subject to shareholder approval at the upcoming Annual General Meeting.
The Board also approved a scheme of Amalgamation between Landmark Cars Limited (Transferee Company) and its wholly-owned subsidiary, Landmark Cars (East) Private Limited (Transferor Company), under Sections 230 and 233 of the Companies Act, 2013. This scheme is subject to necessary statutory and regulatory approvals.
Furthermore, M/s. Ernst & Young LLP has been appointed as the Internal Auditor for the financial year 2026-27. The Board approved the grant of 37,000 stock options to eligible employees under the Landmark Employee Stock Option Plan - 2023.
Additionally, the application of Ms. Spruha Mehta, a member of the promoter group, for reclassification from Promoter group to public category was approved, pending approval from the Stock Exchanges and other regulatory authorities.
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Landmark Cars Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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