Landmark Cars declares ₹1.50 final dividend at 20th AGM
- Declared final dividend of ₹1.50 per share (30% of face value) for FY26
- Adopted standalone and consolidated financial statements for FY26
- Reappointed Paras Somani, Manish Chokhani, and Gautam Trivedi; appointed Rita Teatota
- Approved payment of commission to Non-executive Directors via special resolution
- 52 members attended the virtual AGM held on September 24, 2026
*this image is generated using AI for illustrative purposes only.
Landmark Cars declared a final dividend of ₹1.50 per equity share for FY26 during its 20th Annual General Meeting held on September 24, 2026. The payout represents a 30% return on the face value of ₹5 per share.
The meeting was conducted via video conferencing in compliance with SEBI and MCA guidelines. Members approved the adoption of both standalone and consolidated audited financial statements for the fiscal year ended March 31, 2026. The proceedings commenced at 3:00 pm and concluded at 3:25 pm.
Board appointments and reappointments
Shareholders passed several resolutions regarding the composition of the Board of Directors. Mr. Paras Somani was reappointed as a director following his retirement by rotation. Additionally, the company approved the reappointment of two independent directors and the appointment of one new independent director.
| Resolution | Details | Type |
|---|---|---|
| Reappointment | Mr. Manish Chokhani as Independent Director | Special |
| Reappointment | Mr. Gautam Trivedi as Independent Director | Special |
| Appointment | Ms. Rita Teatota as Independent Director | Special |
| Commission | Payment to Non-executive Directors | Special |
Voting and attendance details
A total of 52 members, including authorized representatives, attended the meeting through video conferencing. The facility for appointing proxies was not available due to the virtual format. Remote e-voting was facilitated by MUFG Intime India Pvt Ltd (formerly Link Intime India Pvt Ltd) from September 21 to September 23, 2026.
Seven directors attended the meeting, including the chairpersons of the Audit, Stakeholders Relationship, Nomination and Remuneration, and Risk Management Committees. Independent Director Ms. Sucheta Shah was absent due to personal exigency. The Statutory Auditors, Secretarial Auditors, and Scrutinizers were also present.
Regulatory compliance
The company confirmed that voting results will be declared separately on its website and disseminated to stock exchanges. All resolutions set forth in the notice are deemed passed subject to requisite majority. The Company Secretary, Amol Arvind Raje, signed off on the proceedings digitally.
Historical Stock Returns for Landmark Cars
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.43% | +2.61% | -3.15% | +32.80% | -21.12% | +6.69% |
How will the appointment of Ms. Rita Teatota as an independent director influence Landmark Cars' governance strategy and risk management framework?
What impact might the 30% dividend payout ratio have on Landmark Cars' capital allocation plans for future store expansions or technology investments?
Given the shift to virtual AGMs, how does Landmark Cars plan to enhance shareholder engagement and transparency in future fiscal years?
18
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
