Landmark Property Development Company Ltd

AGM details

• AGM held on 21 September 2026 at 11:30 A.M. via VC/OAVM.
• Remote e-voting from 18 to 20 September 2026; cut-off 14 September 2026.
• Venue deemed at the company’s registered office.

Key resolutions

• Ordinary: appoint a director in place of a retiring director.
• Ordinary: adopt audited financial statements for the year.
• Ordinary: extension of timeline for refund of outstanding amounts.
• Special: appointment of a director under special business.

Voting results

• All resolutions passed with requisite majority; no notable dissent.

Director changes

• Directors appointed/re-appointed to fill vacancies arising from retirement by rotation.

AGM details

• 50th AGM held Sept 21, 2026 at 11:30 AM via VC/OAVM.
• Remote e-voting window: Sept 18–20, 2026; cut-off Sept 14, 2026.
• No physical attendance; live webcast on NSDL site; 129 members attended.
• Quorum valid; meeting chaired by Chairman; attendance of directors/auditors noted.

Resolutions

• Item 1: Adopt Audited financial statements for year ended March 31, 2026.
• Item 2: Re-appoint Sharmila Dalmia (DIN 00266624) who retires by rotation.
• Item 3: Approve extension of refund timeline for Eterna Living Private Limited.

Voting status

• e-voting results to be declared under law; available on company site and NSDL.
• No voting by show of hands; e-voting open for 30 minutes post-meeting.
• Results to be intimated to NSE and BSE within prescribed time.

Financial highlights

• Revenue from operations: 734.86 Lakh for year ended 31.03.2026.
• Profit before tax: 198.28 Lakh.
• Profit after tax: 149.42 Lakh.
• Basic EPS: 0.11 Rs for 2025-26.

Inventory and assets

• Inventories end-year: Flats 106.89 L, Plots 432.44 L.
• Total inventories: 539.33 L.
• Total assets: 4313.68 L; Total equity: 4145.99 L.

Capital structure and liquidity

• No borrowings; cash and bank balances total 1,217.38 L.
• Cash 99.93 L; Bank balances 1,117.45 L.
• Net cash from operating activities: 672.86 L; investing: (576.39); net increase: 96.47.

Dividends and capital allocation

• Dividend for 2025-26 not declared.

Related party settlement with Eterna

• Refund agreement with Eterna Living Pvt Ltd; balance payable 27.11 crore by 31.03.2027.
• Part-payment received: Rs 8.15 crore; refund receivable net Rs 1,911.15 Lakh.

Governance and audit

• Ajay Gulati appointed Director on 26.05.2025; J K Kapur ceased 26.06.2025.
• Audit committee reconstituted 26.05.2025; Independent Directors meeting 29.01.2026.
• Auditors: V. Sankar Aiyar & Co; Secretarial: RD & Associates.
• Emphasis of matter: recoverability of space booking advances from Eterna ( Rs 3,511.15 Lakh gross ).

Outlook and risks

• Real estate market remains subdued in some segments; focus on monetising existing inventory.
• Regulatory approvals and project uncertainties linked to Eterna arrangements.

AGM Details

• 50th AGM scheduled for 21 September 2026 at 11:30 AM via VC/OAVM.
• Mode: VC/OAVM; meeting to transact items as per Notice.
• Cut-off date for e-voting eligibility: 14 September 2026.
• Scrutinizer appointed: Rahul Dhupar, Practicing Company Secretary.
• E-voting period: 18 September 2026 to 20 September 2026.
• Notice and details available on the company's website.

Repayment extension with Eterna Living

• Board approved extension after Audit Committee recommendation for the repayment timeline under the Refund and Settlement Agreement.
• Extension to 31 March 2027, subject to Members' approval at the ensuing AGM.
• Eterna paid ₹8,00,000 as part-payment; balance would be ₹27,11,15,047 after adjustment.
• Balance originally due ₹35,11,15,047; after extension ₹27,11,15,047.
• Effective extension only upon Members' approval and execution of amendment to the Refund and Settlement Agreement.
• Resolution seeking member approval to be included in the notice for the ensuing AGM.

Financial highlights

• Total income for the quarter ended 30 Jun 2026: ₹932.28 lakhs.
• Revenue from operations: ₹123.19 lakhs; other income: ₹32.26 lakhs.
• Reversal of expected credit loss: ₹776.83 lakhs recognised in the quarter.
• Profit after tax: ₹696.43 lakhs.
• Earnings per share: Basic ₹0.52; Diluted ₹0.52.
• Refund receivable against ELPL advances: ₹1,911.15 lakhs as at 30 Jun 2026.
• Board extended repayment timeline for ELPL to 31 Mar 2027, subject to AGM.
• Total income includes reversal of ECL; no exceptional items in the quarter.
• QoQ comparison: total income rose from ₹599.82 lakhs to ₹932.28 lakhs.
• Single operating segment: real estate development; no subsidiaries or associates.

Financial results and approvals

• Unaudited Q1 2026 results approved; total income 932.28 lakhs; PAT 696.43 lakhs.
• Board approved on 12 Aug 2026; limited review with unmodified opinion.
• Reversal of ECL of 776.83 lakhs recognized in quarter.

ELPL recoveries – Emphasis of Matter

• Emphasis of Matter on ELPL advances: gross 3,511.15 lakhs; net 1,911.15 lakhs.
• Refund receivable reclassified; balance to be refunded by ELPL; repayment extended to 31 Mar 2027.
• Refund receivable net carrying amount 1,911.15 lakhs as at 30 Jun 2026.
• Timeline extension subject to AGM approval.

Regulatory & other matters

• Talabasta Fireclay Mines: Odisha demand Rs 105.90 lakhs; appeal filed; stay order in force.
• Differential dead rent demand: Rs 13.05 lakhs; writ petition in Orissa HC; stay granted.
• Saya Buildcon ECL reversal: Rs 776.83 lakhs recovered; ECL reversed.
• No subsidiary/associate/joint venture as of 30 Jun 2026.

Meeting Details

• Date: 12 August 2026; time and venue not disclosed.

Key Agenda Items

• Approve unaudited financial results for the quarter ended 30 June 2026.

Other Notes

• Trading window opens on 14 August 2026.