Landmark Cars Limited announced that Mr. Aryaman Sanjay Thakker, Executive Director and Promoter Group member, has sold 700,000 equity shares of the company on September 19, 2025. The sale was conducted to fulfill his obligation towards repaying a residential property loan.

Impact on Promoter Group Shareholding

Following this transaction, the total shareholding of the Promoter Group has decreased to 49.82%. This significant change in ownership structure comes as Mr. Thakker divested a portion of his holdings to address personal financial commitments.

Company's Statement on Future Share Sales

In a filing to the stock exchanges, Landmark Cars Limited stated that the Promoters and Promoter Group do not intend to sell any further shares at present. This declaration aims to reassure investors about the stability of the company's ownership structure in the near term.

Details of the Transaction

The sale took place on September 19, 2025, as confirmed by the company in its regulatory filing. Landmark Cars Limited, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, promptly informed the stock exchanges about this insider transaction.

About Landmark Cars Limited

Landmark Cars Limited, with its registered office in Ahmedabad, is a prominent player in the automotive retail sector. The company operates under the CIN: L50100GJ2006PLC058553.

Investors and market participants are advised to take note of this development, as it represents a significant change in the company's promoter holding pattern. While the sale was attributed to personal financial obligations, it's essential for stakeholders to monitor any potential impact on the company's governance and strategic direction.

Landmark Cars Limited, a leading premium automotive retail network in India, is set to strengthen its foothold in Kolkata with the addition of a new KIA showroom. The company has received a Letter of Award (LOA) from KIA India to establish the showroom on B.T. Road in Kolkata, marking a significant expansion of its operations in West Bengal.

Expansion Details

The new dealership will be operated through Landmark Premium Cars Private Limited, a wholly-owned subsidiary of Landmark Cars. This addition complements Landmark's existing presence in Kolkata, which currently includes one KIA showroom and two KIA workshops.

Strategic Implications

The expansion is expected to yield several benefits for Landmark Cars:

1. Increased Market Share: The new showroom is anticipated to boost Landmark's contribution to KIA sales in Kolkata.
2. Expanded Car Parc: This growth is likely to increase the number of KIA vehicles on Kolkata's roads.
3. Workshop Throughput: With more KIA vehicles in circulation, Landmark's workshops are expected to see higher throughput.

Regional Footprint

With this new addition, Landmark Cars will expand its presence in West Bengal to ten outlets across various automotive brands. This move underscores the company's commitment to growth and its confidence in the West Bengal market.

Company Profile

Landmark Cars Limited operates a diverse portfolio of dealerships for premium automotive brands in India. Its network includes showrooms for Mercedes-Benz, Honda, Jeep, Volkswagen, BYD, Renault, Mahindra & Mahindra, KIA, MG Motors, and Citroën. The company also has a presence in the commercial vehicle sector, representing Ashok Leyland.

Landmark's business model spans the entire automotive retail value chain, encompassing new vehicle sales, after-sales service and repairs, pre-owned passenger vehicle sales, and facilitation of third-party financial and insurance products.

This expansion in Kolkata aligns with Landmark Cars' strategy of strengthening its market position and capitalizing on the growing demand for premium automotive brands in India's key urban centers.