Landmark Cars seeks reclassification of promoter group member

1 min read Updated on 04 Jun 2026, 12:27 AM

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Jubin VScanX News Team

AI Summary

Landmark Cars has applied to BSE and NSE to reclassify shareholder Spruha Satish Mehta from the promoter group to the public category. The application, dated May 30, 2026, was submitted under Regulation 31A of the SEBI (LODR) Regulations, 2015. The shareholder currently holds Nil equity shares in the company.

*this image is generated using AI for illustrative purposes only.

Landmark Cars has filed an application with stock exchanges to reclassify a member of its promoter group to the public category. The company submitted the request to BSE Limited and National Stock Exchange of India Limited on May 30, 2026, under Regulation 31A of the SEBI (LODR) Regulations, 2015. The move aims to change the status of shareholder Spruha Satish Mehta from the promoter group to the public category.

The reclassification application follows the provisions of the SEBI LODR Regulations and its amendments. Landmark Cars disclosed that the specific shareholder in question does not currently hold any equity shares in the company. The filing was made to ensure compliance with regulatory requirements regarding changes in shareholding categories.

Details of the Reclassification

The disclosure provides specific details regarding the outgoing promoter group shareholder involved in this regulatory change. The table below outlines the shareholding status of the individual prior to the reclassification request.

Outgoing Promoter Group Shareholder	No. of Shares held	%
Spruha Satish Mehta	Nil	Nil

The company stated that the exchanges have been requested to take the application on record. The reclassification process is subject to approval by the relevant regulatory authorities. Amol Arvind Raje, Company Secretary & Compliance Officer of Landmark Cars, signed the intimation dated June 03, 2026.

Historical Stock Returns for Landmark Cars

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.30%	+14.90%	+2.79%	-20.13%	-6.31%	-8.76%

What strategic reasons might Landmark Cars have for formally reclassifying a zero-shareholding individual from the promoter group?

Could this reclassification signal a broader restructuring of the promoter group or potential changes in the company's ownership hierarchy?

How will this change affect the company's public shareholding percentage and compliance with minimum public float requirements?

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Landmark Cars to hold investor conference on June 5

0 min read Updated on 03 Jun 2026, 01:01 AM

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Jubin VScanX News Team

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Landmark Cars Limited has scheduled a virtual investor conference on June 05, 2026, at 3:00 pm, organized by Incred Capital. The company stated that discussions will be based on publicly available information and no unpublished price sensitive information will be shared. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

*this image is generated using AI for illustrative purposes only.

Landmark Cars Limited has scheduled a virtual investor conference for June 05, 2026, to engage with analysts and institutional investors. The meeting, organized by Incred Capital, will begin at 3:00 pm and will focus on the company's performance based on publicly available information.

The company clarified that no unpublished price sensitive information (UPSI) is intended to be discussed during the interactions. This disclosure was made to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The following table outlines the details of the scheduled meeting:

Date & Time	Nature of Meeting	Organised by
June 05, 2026 3:00 pm onwards	Virtual Meeting	Incred Capital

Landmark Cars noted that changes to the schedule may occur due to exigencies on the part of the host or the company. The communication was signed by Amol Arvind Raje, Company Secretary & Compliance Officer.

Historical Stock Returns for Landmark Cars