Landmark Cars Board Approves FY26 Results, Recommends 30% Final Dividend, and Scheme of Amalgamation
Landmark Cars approved its FY26 audited financial results and recommended a final dividend of 30% (₹1.50 per share). The board also approved an amalgamation scheme with its subsidiary, Landmark Cars (East) Private Limited. Ernst & Young LLP appointed as Internal Auditor for FY27. Stock options granted to employees.
The amalgamation with a subsidiary and the dividend recommendation are significant corporate actions that will impact the company's structure and shareholder returns.
The approval of financial results, recommendation of a dividend, and the strategic move of amalgamation with a subsidiary are positive developments for the company.
Landmark Cars Limited announced the outcome of its Board Meeting held on May 26, 2026. The Board considered and approved the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026, with an unmodified audit opinion from M/s. MSKC & Associates.
The Board recommended a Final Dividend of 30.00%, equivalent to ₹1.50 per equity share of ₹5 face value, for the financial year 2025-26, subject to shareholder approval at the upcoming Annual General Meeting (AGM).
Furthermore, the Board approved a scheme of Amalgamation between Landmark Cars Limited (Transferee Company) and its wholly-owned subsidiary, Landmark Cars (East) Private Limited (Transferor Company). This scheme is subject to necessary statutory and regulatory approvals, including those from the Regional Director and Stock Exchanges.
In other significant decisions, M/s. Ernst & Young LLP was 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 Board approved the application of Ms. Spruha Mehta, a member of the promoter group, for reclassification from promoter group to public category, pending necessary regulatory approvals from the Stock Exchanges.
What to do with a filing like this
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.