Landmark Cars Approves FY26 Audited Results, Recommends 30% Final Dividend, and Proposes Amalgamation
Landmark Cars approved audited standalone and consolidated results for FY26. A final dividend of 30% (₹1.50 per share) is recommended, pending shareholder approval. The company also approved an amalgamation scheme with its subsidiary, Landmark Cars (East) Private Limited. Ernst & Young LLP appointed as Internal Auditor for FY27.
The amalgamation of a subsidiary and dividend recommendation are significant corporate actions that can impact the company's structure and shareholder returns.
The approval of audited financial results, recommendation of a dividend, and the proposed amalgamation are positive developments for the company.
Landmark Cars Limited announced the outcome of its Board Meeting held on May 26, 2026, where the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, were approved. The Audit Committee reviewed and recommended these results, with the auditors issuing unmodified opinions.
The Board has recommended a final dividend of 30.00%, equivalent to ₹1.50 per equity share of face value ₹5 each, for the financial year 2025-26, subject to shareholder approval at the upcoming Annual General Meeting (AGM).
Furthermore, the company approved a scheme of Amalgamation between Landmark Cars Limited and its wholly-owned subsidiary, Landmark Cars (East) Private Limited. This scheme is subject to necessary statutory and regulatory approvals, including from the Regional Director and stock exchanges.
In other significant decisions, M/s. Ernst & Young LLP has been appointed as the Internal Auditor for the financial year 2026-27. The Board also 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 to public category has been approved, pending approval from the stock exchanges and other regulatory authorities. The Board meeting commenced at 4:00 p.m. and concluded at 6:20 p.m.
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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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See the model portfoliosA plain-language summary of a public exchange filing by Landmark Cars Limited. Read the original for the full detail.