Landmark Property Development Company Limited has executed a significant Refund and Settlement Agreement with related party Eterna Living Private Limited, involving the cancellation of space booking arrangements and refund of substantial outstanding advances. The agreement was formalized on March 27, 2026, following comprehensive regulatory approvals and shareholder consent.

Agreement Details and Financial Terms

The settlement agreement encompasses the cancellation of balance space booking arrangement between the two entities, with Eterna Living Private Limited committed to refunding the outstanding advance to Landmark Property Development.

The part payment of ₹15,00,000 received upon execution will be adjusted against the total outstanding advance, with the remaining balance to be settled within the stipulated timeframe.

Regulatory Compliance and Approvals

The transaction has been structured in full compliance with applicable regulatory frameworks and has secured necessary approvals at multiple levels:

• Audit Committee approval obtained in accordance with related party transaction requirements
• Board of Directors approval secured for the settlement arrangement
• Shareholder approval obtained at Extra-Ordinary General Meeting held on March 12, 2026
• Regulatory compliance ensured under Companies Act, 2013 and SEBI (LODR) Regulations, 2015

The disclosure has been made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency in related party transactions.

Corporate Structure and Communication

Landmark Property Development Company Limited, with CIN L13100DL1976PLC188942, maintains its registered office at 11th Floor, Narain Manzil, 23, Barakhamba Road, New Delhi. The company has informed both BSE Limited (Scrip Code: 533012) and National Stock Exchange of India Limited about this material development, ensuring comprehensive market disclosure.

The agreement represents a structured approach to resolving outstanding financial arrangements between related entities while maintaining full regulatory compliance and transparency standards.

Landmark Property Development Company Limited has secured overwhelming shareholder approval for a material related party transaction, with 99.89% of valid votes cast in favor of the resolution at its Extra-Ordinary General Meeting (EGM) held on March 12, 2026.

Voting Results and Shareholder Response

The company's shareholders demonstrated strong support for the proposed transaction with Eterna Living Private Limited (formerly Ansal Landmark (Karnal) Township Private Limited). The voting outcome reflected decisive approval across the shareholder base.

The resolution received 99.89% approval, with only 0.11% of votes cast against the proposal, indicating strong shareholder confidence in the transaction.

Detailed Voting Breakdown by Category

The voting results showed participation exclusively from public non-institutional shareholders, with promoter and promoter group as well as institutional investors not participating in the voting process.

EGM Conduct and Compliance

The Extra-Ordinary General Meeting was conducted on March 12, 2026 at 11:30 A.M. through Video Conferencing and Other Audio-Visual Means, in compliance with Ministry of Corporate Affairs circulars. The company dispensed with physical attendance and proxy appointments as per MCA guidelines.

Scrutinizer's Oversight and Process

Rahul Dhupar, Practicing Company Secretary from RD & Associates (Membership No. F9446, COP No. 9863), served as the appointed Scrutinizer for the voting process. The scrutinizer ensured fair and transparent conduct of both remote e-voting and insta poll procedures during the EGM.

The company fulfilled all regulatory requirements, including:

• Email dispatch of EGM notice on February 17, 2026
• Public advertisements in Financial Express and Jansatta newspapers on February 17, 2026
• Compliance with Companies Act, 2013 and SEBI LODR Regulations
• Independent witness verification during results unblocking by Ms. Pooja Malik and Mr. Manoj Kumar

Transaction Details and Regulatory Framework

The approved resolution pertains to a material related party transaction with Eterna Living Private Limited, formerly known as Ansal Landmark (Karnal) Township Private Limited. The transaction required shareholder approval under applicable regulatory provisions governing related party transactions, with promoter and promoter group having declared interest in the resolution.

The strong voting outcome demonstrates shareholder confidence in the company's strategic decision-making and the proposed transaction's potential benefits. The comprehensive voting process, conducted entirely through electronic means, ensured broad shareholder participation while maintaining regulatory compliance under the prevailing MCA circulars.