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.

Landmark Property Development Company Limited has delivered a strong financial performance in Q3FY26, demonstrating significant recovery and growth across key operational metrics. The real estate development company announced its unaudited quarterly results for the period ended December 31, 2025, showing marked improvement in profitability and revenue generation.

Financial Performance Highlights

The company's financial results for Q3FY26 showcase substantial growth compared to the previous year. Net profit reached ₹25.22 lacs, representing an 87.5% increase from ₹13.44 lacs recorded in Q3FY25. This improvement reflects the company's enhanced operational efficiency and market positioning in the real estate sector.

Nine-Month Performance Analysis

The nine-month period ended December 31, 2025, demonstrates an even more dramatic turnaround in the company's financial position. Landmark Property Development achieved net profit of ₹21.27 lacs for the nine-month period, compared to a substantial loss of ₹368.33 lacs in the corresponding period of FY25.

Strategic Corporate Developments

The Board of Directors, in their meeting held on January 29, 2026, approved a significant strategic proposal regarding space booking advances from Eterna Living Private Limited. The company maintains outstanding advances of ₹3,526.15 lacs (gross) or ₹1,926.15 lacs (net) after provisions of ₹1,600.00 lacs as of December 31, 2025.

Considering the prolonged timeline and uncertainties associated with property allotment by Eterna Living Private Limited, the Board approved entering into an agreement for cancellation of booking and refund of advances. This proposal requires shareholder approval and represents a prudent approach to managing long-standing receivables.

Operational and Regulatory Updates

The company operates primarily in real estate development, which constitutes its single operating segment under Indian Accounting Standard 108. The financial results have been prepared in accordance with Indian Accounting Standards and reviewed by the Audit Committee before Board approval.

Landmark Property Development continues to address legacy mining-related matters, including ongoing legal proceedings regarding demand notices from Odisha mining authorities. The company maintains its position that all dues were properly paid during the operational period of its mining activities.

Earnings and Capital Structure

The company's paid-up equity share capital remains stable at ₹1,341.43 lacs, consisting of ordinary shares with a face value of ₹1 each. Basic and diluted earnings per share for Q3FY26 stood at ₹0.019, compared to ₹0.010 in Q3FY25, reflecting the improved profitability on a per-share basis.