Promoter Reclassification26 May 2026, 08:21 pm
Landmark Cars: Spruha Mehta's Reclassification Approved
AI Summary
Landmark Cars Ltd. announced the approval of Ms. Spruha Mehta's application for reclassification from the Promoter group to the public category, subject to stock exchange and regulatory approvals. The Board also approved audited financial results for the quarter and year ended March 31, 2026, recommended a final dividend of Re. 1.50 per share, approved the amalgamation scheme with Landmark Cars (East) Private Limited, appointed Ernst & Young LLP as Internal Auditor, and granted 37,000 stock options to employees.
Key Highlights
- Ms. Spruha Mehta's reclassification from Promoter group to public category approved, pending exchange approvals.
- Final dividend of Re. 1.50 per share recommended for FY26, subject to shareholder approval.
- Amalgamation scheme with Landmark Cars (East) Private Limited approved, pending regulatory approvals.
- Ernst & Young LLP appointed as Internal Auditor for FY27.
- 37,000 stock options granted to eligible employees under the ESOP 2023.
Price Impact
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