Landmark Property Development Company Limited executed settlement agreements with Saya Buildcon Consortium Private Limited on July 07, 2026, to formally conclude transactions related to a loan and an Inter Corporate Deposit (ICD). The agreements also cover the cancellation of the allotment of nine commercial units in the Saya Zion project. The company stated that the execution of these documents is in its commercial interest and is not expected to have any material adverse impact on its financial position or operations.

The settlement package comprises three specific documents: a Settlement Agreement for the Loan Agreement dated 30 May 2017, a Settlement Agreement for the ICD Agreement dated 14 December 2017, and a Cancellation Agreement for the commercial units. These agreements provide for the full and final settlement of the respective transactions and all associated rights, claims, and obligations. They also establish a framework for the reciprocal release and discharge of the parties from their claims.

Key Details of the Agreements

The following table outlines the particulars of the agreements and their impact:

The principal monetary obligations under these settlement arrangements were discharged by the respective parties prior to the execution of the agreements. The documents now serve to formalise the settlement already implemented and provide the contractual framework for completing remaining consequential actions. These actions include the withdrawal and closure of legal proceedings between the parties in accordance with the terms of the respective agreements.

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.