Landmark Cars Limited has filed its quarterly compliance certificate under SEBI regulations for the quarter ended March 31, 2026. The certificate, submitted on April 4, 2026, demonstrates the company's adherence to regulatory requirements for securities dematerialization processes.

Regulatory Compliance Certificate

The certificate was filed under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. This quarterly filing is mandatory for listed companies to confirm proper handling of securities dematerialization during the reporting period.

Dematerialization Process Confirmation

The company confirmed that all securities certificates received for dematerialization during Q4FY26 were processed according to regulatory standards. The certificate states that securities were mutilated and cancelled after due verification, with the depository's name substituted in company records as the registered owner within stipulated timeframes.

MUFG Intime India Private Limited, formerly Link Intime India Private Limited, serves as the company's registrar and share transfer agent. The firm provided confirmation on April 3, 2026, that all dematerialization processes were completed in compliance with prescribed timelines.

Stock Exchange and Depository Notifications

The certificate was submitted to both major stock exchanges where Landmark Cars is listed. The company also copied the notification to Central Depository Services India Limited and National Securities Depository Limited, ensuring comprehensive regulatory compliance.

The filing confirms that dematerialized securities remain listed on the same stock exchanges where previously issued securities are traded, maintaining continuity in trading operations. This quarterly certification process ensures transparency in the company's securities handling and maintains investor confidence in the dematerialization system.

Landmark Cars Limited has announced its strategic decision to exit Volkswagen dealership operations in Delhi NCR, effective March 31, 2026. The move represents a calculated step to streamline operations and reduce losses from underperforming business segments.

Operational Details and Strategic Rationale

The closure encompasses one showroom and one workshop in the Delhi NCR region. The company has taken this decision objectively to reduce losses arising from non-performing operations, aligning with its broader strategy to rationalize costs while maintaining focus on improving operational efficiency and profitability.

Continued Operations and Business Focus

Despite the Delhi NCR exit, Landmark Cars will maintain its Volkswagen operations in Gujarat, which contribute positively to the company's business performance. This selective approach demonstrates the company's commitment to retaining profitable operations while eliminating loss-making segments.

Financial Impact Assessment

The company expects minimal financial impact from this closure. Given that the Delhi NCR locations have been operational for multiple years, the associated assets have already been depreciated, reducing the potential book impact of the closure decision.

About Landmark Cars Limited

Landmark Cars Limited operates as a leading premium automotive retail network in India, maintaining dealerships for multiple brands including Mercedes-Benz, Honda, Jeep, Volkswagen, BYD, Renault, Mahindra & Mahindra, KIA, MG Motors, and Citroën. The company also handles commercial vehicle retail business for Ashok Leyland in India.

The company's operations span the entire automotive retail value chain, encompassing:

• Sales of new vehicles
• After-sales service and repairs
• Sales of pre-owned passenger vehicles
• Facilitation of third-party financial and insurance products

This strategic exit reflects Landmark Cars' ongoing efforts to optimize its dealership portfolio and focus resources on profitable operations across its diverse automotive retail network.