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LPDC Shareholders Approve Material Related Party Transaction with 99.89% Majority
Landmark Property Development Company Limited (LPDC) has successfully obtained shareholder approval for a material related party transaction with Eterna Living Private Limited. The resolution was passed during an Extraordinary General Meeting held on March 12, 2026, with an overwhelming majority of 99.89% of the votes cast in favor. This approval allows the company to proceed with its business dealings with Eterna Living, which was formerly known as Ansal Landmark (Karnal) Township Private Limited. The high level of consensus suggests strong shareholder alignment with the company's operational strategy.
Key Highlights
Shareholders approved a material related party transaction with Eterna Living Private Limited with 99.89% majority.
A total of 30,62,098 votes were cast in favor of the resolution compared to only 3,497 votes against.
The voting process involved 119 participating members through remote e-voting and Insta Poll during the EGM.
The transaction involves the entity formerly known as Ansal Landmark (Karnal) Township Private Limited.
💼 Action for Investors
Investors should track the specific financial terms and project outcomes resulting from this transaction with Eterna Living to assess its impact on LPDC's bottom line. The strong mandate from shareholders is a positive sign of corporate governance and management trust.
LPDC Shareholders Approve Material Related Party Transaction with Eterna Living
Landmark Property Development Company Limited (LPDC) has announced the results of its Extraordinary General Meeting (EGM) held on March 12, 2026. Shareholders approved a Material Related Party Transaction with Eterna Living Private Limited, formerly known as Ansal Landmark (Karnal) Township Private Limited. The resolution was passed with an overwhelming majority of 99.89% of the votes cast by public shareholders. Promoters and the promoter group, holding over 87 million shares, were interested parties and did not participate in the voting process.
Key Highlights
Approval of Material Related Party Transaction with Eterna Living Private Limited passed as an ordinary resolution.
99.89% of the 3,065,595 votes polled by public non-institutional shareholders were in favor.
Only 3,497 votes (0.11%) were cast against the resolution.
Promoter group holding 87,007,521 shares abstained from voting as they were interested parties.
The EGM was conducted via Video Conferencing with 72 public shareholders in attendance.
💼 Action for Investors
Investors should monitor the specific terms and financial scale of the transaction with Eterna Living to ensure it remains beneficial for minority shareholders. The high approval rate from public voters suggests no immediate governance red flags regarding this transaction.
LPDC to Seek Shareholder Approval for ₹35.26 Crore Refund from Related Party Eterna Living
Landmark Property Development Company (LPDC) has convened an Extraordinary General Meeting (EGM) on March 12, 2026, to seek approval for a material related party transaction. The company intends to cancel a space booking arrangement with Eterna Living Private Limited and recover an outstanding advance of ₹35.26 crore. The refund is expected to be completed within six months of executing a definitive settlement agreement. This recovery of funds is likely to significantly enhance the company's liquidity and cash reserves.
Key Highlights
EGM scheduled for March 12, 2026, to approve the cancellation of a space booking arrangement with a related party.
Company to receive a refund of ₹35,26,15,047 (approx. ₹35.26 crore) from Eterna Living Private Limited.
The refund must be effected within a maximum period of 6 months from the date of the settlement agreement.
Cut-off date for e-voting eligibility is March 5, 2026, with the voting period running from March 9 to March 11, 2026.
The transaction has already received recommendations from the Audit Committee and the Board of Directors.
💼 Action for Investors
Investors should view this as a positive liquidity event and monitor the successful passage of the resolution during the EGM. The inflow of ₹35.26 crore is substantial for the company and could be redeployed for future projects or debt reduction.
Landmark Property to Seek Refund of ₹35.26 Crore Advance from Related Party
Landmark Property Development Company (LPDC) has decided to cancel its space booking with related party Eterna Living Pvt. Ltd. due to prolonged delays and uncertainties in property allotment. The company is seeking a full refund of the outstanding advance amounting to ₹35.26 crore. This move has been approved by the Board and Audit Committee but requires shareholder approval as it is a material related party transaction. Recovering this capital is expected to improve the company's liquidity and cash position.
Key Highlights
Cancellation of property booking with related party Eterna Living Pvt. Ltd. (formerly Ansal Landmark).
Total refund amount of outstanding advances stands at ₹3526.15 lacs (₹35.26 crore).
Decision triggered by significant time lapses and uncertainties regarding the proposed property allotment.
Shareholder approval will be sought via an Ordinary Resolution through an EGM or Postal Ballot.
The transaction is classified as a material related party transaction under SEBI LODR regulations.
💼 Action for Investors
Investors should view the recovery of stuck capital as a positive development for the balance sheet. Monitor the upcoming shareholder vote and the actual timeline for the cash inflow of ₹35.26 crore.
Landmark Property Q3 Net Profit at ₹25.22 Lacs; Board to Seek Refund of ₹35.26 Cr Advance
Landmark Property Development Company (LPDC) reported a net profit of ₹25.22 lacs for the quarter ended December 31, 2025, recovering from a loss of ₹3.27 lacs in the previous quarter. Total income saw a significant jump to ₹184.51 lacs compared to ₹62.77 lacs in the year-ago period. A critical development is the Board's decision to cancel property bookings with Eterna Living Private Limited and seek a refund of ₹3,526.15 lacs in gross advances. While the company has already provisioned ₹1,600 lacs against this advance, the recovery process will be a key monitorable for shareholders.
Key Highlights
Net Profit of ₹25.22 lacs in Q3 FY26 compared to a loss of ₹3.27 lacs in Q2 FY26.
Total Income for the quarter rose to ₹184.51 lacs from ₹62.77 lacs in the same period last year.
Board approved seeking a refund of ₹3,526.15 lacs (gross) advance from Eterna Living Private Limited due to project delays.
Company has already made a cumulative provision of ₹1,600 lacs against the Eterna Living advance on grounds of prudence.
Earnings Per Share (EPS) turned positive at ₹0.019 for the quarter versus ₹0.010 YoY.
💼 Action for Investors
Investors should closely track the shareholder approval and subsequent recovery of the ₹35.26 crore advance, as this liquidity could significantly impact the company's valuation. The current operational profits remain small, making the advance recovery the primary catalyst for the stock.
LPDC Q3 Profit Rises to ₹25.22 Lacs; Board to Seek Refund of ₹35.26 Cr Advance
Landmark Property Development Company (LPDC) reported a significant turnaround in Q3 FY26, with total income reaching ₹184.51 lacs compared to ₹62.77 lacs in the year-ago period. The company posted a net profit of ₹25.22 lacs for the quarter, a sharp recovery from the ₹3.27 lacs loss in the previous quarter. A critical development is the Board's decision to cancel property bookings with Eterna Living Private Limited and seek a refund of advances totaling ₹3,526.15 lacs (gross). This move, subject to shareholder approval, aims to resolve long-standing recoverability concerns regarding these advances.
Key Highlights
Total income for Q3 FY26 surged to ₹184.51 lacs from ₹15.46 lacs in the preceding quarter.
Net profit stood at ₹25.22 lacs for the quarter, compared to a loss of ₹3.27 lacs in Q2 FY26.
Board approved seeking a refund of ₹3,526.15 lacs in advances from Eterna Living Private Limited.
Cumulative provisions against these advances currently stand at ₹1,600 lacs as of December 31, 2025.
Earnings Per Share (EPS) improved to ₹0.019 for the quarter from a negative ₹0.002 in the previous quarter.
💼 Action for Investors
Investors should closely track the shareholder approval and subsequent recovery of the ₹35.26 crore advance, as this liquidity could significantly impact the company's valuation. While the return to quarterly profit is encouraging, the company's small scale makes it a high-risk investment.