Landmark Cars Board Approves FY26 Audited Results, Recommends 30% Final Dividend & Amalgamation Scheme
Landmark Cars reported audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board recommended a final dividend of 30% (₹1.50 per share). A scheme of amalgamation between Landmark Cars Limited and its subsidiary, Landmark Cars (East) Private Limited, was approved. The company also appointed Ernst & Young LLP as internal auditors and approved stock options for employees.
The approval of audited financial results, dividend recommendation, and a scheme of amalgamation are significant corporate actions that can materially impact the company's structure and shareholder value.
The company reported audited financial results, recommended a dividend, and approved a scheme of amalgamation, all of which are positive developments.
Landmark Cars Limited announced the outcome of its Board Meeting held on May 26, 2026, commencing at 4:00 PM and concluding at 6:20 PM. The Board considered and approved the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026. The company's statutory auditors, MSKC & Associates LLP, issued an unmodified opinion on these financial results.
Furthermore, the Board recommended a Final Dividend of 30.00%, equivalent to ₹1.50 per equity share of face value ₹5, for the financial year 2025-26, subject to shareholder approval at the upcoming Annual General Meeting (AGM).
In a significant corporate action, the Board also approved a scheme of Amalgamation between Landmark Cars Limited and its wholly owned subsidiary, Landmark Cars (East) Private Limited. This amalgamation is subject to necessary statutory and regulatory approvals, including those from the Regional Director, Stock Exchanges, and other relevant authorities.
Additionally, the company has appointed M/s. Ernst & Young LLP as Internal Auditors 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.
Lastly, the Board approved the application for reclassification of Ms. Spruha Mehta from the promoter group category to the public category, pending approval from the Stock Exchanges and other regulatory bodies.
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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.