Landmarc leisure corporation Limited has announced the resignation of its Secretarial Auditor, DSM and Associates, Company Secretaries, effective February 27, 2026. The company informed BSE Limited about this development in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

The resignation was communicated through an official letter signed by K.R. Mahadevan, Whole Time Director and CFO. The company has provided comprehensive documentation as required under the listing regulations, including exhibits detailing the resignation particulars and a copy of the resignation letter.

Regulatory Compliance

The announcement follows the provisions of Regulation 30 of SEBI (LODR) Regulations, 2015, read with Part A of Schedule III of the said Regulations. The company has also adhered to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, providing all necessary disclosures in the prescribed format.

Auditor's Confirmation

DSM and Associates confirmed that there are no other material reasons for their resignation beyond those stated in their resignation letter. In their resignation communication, the firm cited pre-occupation as the primary reason for their inability to continue as the company's secretarial auditor. The auditing firm has expressed no objection to the appointment of another Secretarial Auditor to replace them.

Company Information

LANDMARC Leisure Corporation Limited operates from its registered office at 303, Raaj Chamber, 115 R.K. Paramhans Marg (Old Nagardas Road), Near Andheri Station Subway, Andheri-East, Mumbai - 400069. The company trades on BSE under scrip code 532275 and maintains its corporate identification number as L65990MH1991PLC060535.

Landmarc Leisure Corporation Limited announced its unaudited financial results for the third quarter of FY26 ended December 31, 2025, reporting a net loss of ₹19.11 lakhs. The Board of Directors approved the quarterly results at their meeting held on February 13, 2026.

Financial Performance Overview

The company's financial performance for Q3 FY26 showed mixed results with revenue growth but continued losses. Total income from operations increased to ₹6.14 lakhs compared to ₹3.46 lakhs in the corresponding quarter of the previous year.

Segment-wise Revenue Performance

The company operates across multiple business segments with varying performance levels during the quarter.

Nine-Month Performance

For the nine months ended December 31, 2025, the company reported a net loss of ₹69.70 lakhs compared to ₹27.44 lakhs in the corresponding period last year. Total income for the nine-month period stood at ₹10.77 lakhs, significantly lower than ₹50.79 lakhs in the previous year.

Corporate Actions and Fund Utilization

During the quarter, Landmarc Leisure Corporation redeemed 2,54,000 cumulative redeemable preference shares of ₹100 each, totaling ₹254 lakhs. The redemption was executed using proceeds from the preferential issue completed in October 2025.

The raised funds are being utilized for content creation across three key areas: Marathi movies content library, Hindi movies content, and music content creation, along with general corporate purposes and working capital requirements.

Business Strategy Shift

The management announced a strategic decision to reduce focus on wellness activities and concentrate on films, media, and TV channel business. The company is restructuring agreements with parties to whom advances and security deposits have been given to utilize resources more effectively for developing the entertainment business.

Key Financial Highlights

• Paid-up equity share capital increased to ₹9,800.00 lakhs from ₹8,000.00 lakhs
• Basic and diluted earnings per share stood at ₹(196.95) for Q3 FY26
• Employee benefit expenses increased to ₹12.04 lakhs from ₹8.30 lakhs in Q3 FY25
• Other expenses rose to ₹12.96 lakhs compared to ₹10.62 lakhs in the previous year quarter

The company's auditors issued a qualified review report highlighting concerns about interest-free loans totaling ₹466.60 lakhs given to four parties and provisions related to advances given to companies under insolvency proceedings.