Landmark Property Development Company Limited has confirmed that its promoter group did not create any encumbrance on shares during the financial year ended March 31, 2026. The disclosure, submitted to the stock exchanges on April 6, 2026, is in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The confirmation ensures that the promoters and persons acting in concert have not pledged or otherwise encumbered their holdings directly or indirectly in FY26.

Regulatory Filing Details

The filing was addressed to the Department of Corporate Services at BSE Limited and the Listing Department at National Stock Exchange of India Limited. The disclosure was made on behalf of the promoter group, M.H. Dalmia & Others. The confirmation is a mandatory annual requirement to provide transparency regarding the holding status of the promoters.

Promoter Confirmation

Gaurav Dalmia, representing the promoter group, explicitly stated that neither he nor any persons acting in concert had made any encumbrance during the specified period. The statement was formally signed and submitted to the exchanges for their records. The company secretary, Ankit Bhatia, forwarded the disclosure to the exchanges on behalf of Landmark Property Development Company Limited.

Landmark Property Development Company Limited returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹149.42 lakh compared to a net loss of ₹372.15 lakh in the previous year. The turnaround was driven by a significant increase in revenue from operations, which rose to ₹734.86 lakh from ₹117.30 lakh in FY25. The company’s total income for the year stood at ₹816.41 lakh.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹128.15 lakh on a total income of ₹599.82 lakh. This compares to a net loss of ₹4.32 lakh on a total income of ₹15.34 lakh in the corresponding quarter of the previous year. The basic and diluted earnings per share for the year were ₹0.11, compared to a loss of ₹0.28 per share in FY25.

The board of directors approved the audited financial results at a meeting held on May 26, 2026. The statutory auditors, V. Sankar Aiyar & Co., conducted an audit of the results in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and issued an unmodified opinion.

Financial Performance

The company’s expenses for the year totaled ₹618.13 lakh, up from ₹533.08 lakh in the previous year. The profit before tax for FY26 was ₹198.28 lakh, a significant improvement from the loss before tax of ₹356.50 lakh in FY25. The total comprehensive income for the year was ₹149.44 lakh.

Key Disclosures

The auditors drew attention to an emphasis of matter regarding the recoverability of space booking advances from Eterna Living Pvt. Ltd. The gross amount of ₹3,511.15 lakh is stated net of a provision of ₹1,600.00 lakh, resulting in a net carrying amount of ₹1,911.15 lakh as of March 31, 2026. The company and Eterna Living mutually agreed to cancel the remaining space booking arrangement during the quarter, and a Refund and Settlement Agreement was executed on March 27, 2026.

As per the agreement, Eterna Living has irrevocably agreed to refund ₹3,526.15 lakh to the company on or before September 26, 2026. The company received ₹15.00 lakh during the current quarter, which has been adjusted against the outstanding balance. The balance amount has been reclassified to "Refund receivable against advance paid for acquisition of property" under other current financial assets.