LPDC - Landmark Prop.
📢 Recent Corporate Announcements
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.
- 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.
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.
- 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.
Landmark Property Development Company Limited (LPDC) has scheduled an Extra-ordinary General Meeting (EGM) for March 12, 2026, to be held via video conferencing. To facilitate the meeting, the company will close its Register of Members and Share Transfer Books from March 6 to March 13, 2026. Shareholders holding shares as of the cut-off date, March 5, 2026, are eligible to vote on the proposed resolutions. The e-voting window is open from March 9 to March 11, 2026.
- Extra-ordinary General Meeting (EGM) scheduled for March 12, 2026, at 11:30 A.M.
- Book closure period set from March 6, 2026, to March 13, 2026, inclusive.
- Cut-off date for e-voting eligibility is fixed as March 5, 2026.
- Remote e-voting period runs from March 9 (9:00 AM) to March 11, 2026 (5:00 PM).
Landmark Property Development Company Limited (LPDC) has scheduled an Extra-ordinary General Meeting (EGM) for March 12, 2026, to be held via video conferencing. The company has fixed March 5, 2026, as the cut-off date to determine shareholder eligibility for e-voting. The register of members and share transfer books will remain closed from March 6 to March 13, 2026. Shareholders can exercise their voting rights during the e-voting window from March 9 to March 11, 2026.
- Extra-ordinary General Meeting (EGM) scheduled for March 12, 2026, at 11:30 A.M. via VC/OAVM.
- Cut-off date for e-voting eligibility is March 5, 2026.
- Book closure period set from March 6, 2026, to March 13, 2026, inclusive.
- E-voting window opens on March 9 (9:00 AM) and closes on March 11, 2026 (5:00 PM).
- Mr. Rahul Dhupar has been appointed as the Scrutinizer for the voting process.
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.
- 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.
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.
- 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.
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.
- 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.
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.
- 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.
Landmark Property Development Company Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by C B Management Services (P) Limited, confirms that the company has complied with dematerialization requirements for the quarter ended December 31, 2025. This filing ensures that share certificates received for dematerialization were processed and reported to the relevant depositories and stock exchanges. This is a standard procedural disclosure required for all listed entities in India.
- Compliance certificate submitted for the quarter ended December 31, 2025
- Issued by Registrar and Share Transfer Agent (RTA) C B Management Services (P) Limited
- Confirms adherence to SEBI (Depositories and Participants) Regulations, 2018
- Notification sent to both BSE and NSE stock exchanges and depositories NSDL and CDSL
Landmark Property Development Company Limited has announced the closure of its trading window effective from January 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations for the quarter ending December 31, 2025. The restriction applies to all designated persons and their relatives until 48 hours after the financial results are officially declared. This is a standard regulatory procedure observed by listed companies prior to the announcement of quarterly earnings.
- Trading window closure commences on Thursday, January 1, 2026
- Closure is related to the financial results for the quarter ended December 31, 2025
- Restriction applies to all Designated Persons and their immediate relatives
- Window will reopen 48 hours after the financial results are made public
Financial Performance
Revenue Growth by Segment
The company operates in a single business segment, Real Estate Development, which saw a total income decline of 53.71% YoY, falling from INR 98.47 Lacs in H1 FY25 to INR 45.58 Lacs in H1 FY26. This sharp decline is primarily due to reduced revenue from operations which dropped from INR 117.30 Lacs to INR 27.66 Lacs in the same period.
Geographic Revenue Split
Not disclosed in available documents, though the company's registered office is in New Delhi and its primary project interest is located in Karnal, Haryana.
Profitability Margins
Net Profit Margin improved from -387.70% in H1 FY25 to -8.67% in H1 FY26. While still negative, the margin 'improved' because the previous year included a massive one-time provision for credit losses that did not recur at the same scale.
EBITDA Margin
EBITDA margin for H1 FY26 stood at approximately 20.16% (INR 9.19 Lacs) compared to a pre-provision EBITDA margin of 72.82% in H1 FY25. The contraction is due to a 53.71% drop in revenue while fixed employee and administrative costs rose by 35.93% YoY.
Capital Expenditure
Not disclosed in available documents; however, the company maintains a static Property, Plant & Equipment base of INR 0.22 Lacs as of September 30, 2025.
Credit Rating & Borrowing
Not disclosed in available documents. The company appears to be debt-free with no reported interest-bearing long-term borrowings in the current liabilities or non-current liabilities sections.
Operational Drivers
Raw Materials
Land and Development Rights represent the primary 'raw material' for the company, reflected in an inventory value of INR 1,070.22 Lacs, which constitutes 24.67% of total assets.
Import Sources
Not disclosed in available documents; sourcing is likely domestic (India) given the nature of real estate development in Karnal and New Delhi.
Capacity Expansion
The company's primary 'capacity' is its inventory of land/WIP valued at INR 1,070.22 Lacs. No specific expansion of the land bank was reported in the H1 FY26 period.
Raw Material Costs
Inventory costs remained stagnant at INR 1,070.22 Lacs from March 2025 to September 2025, indicating no new major land acquisitions or significant construction spend during the half-year.
Manufacturing Efficiency
Not applicable as the company is a real estate developer; however, employee benefit expenses as a percentage of total income rose from 10.47% in H1 FY25 to 39.78% in H1 FY26, indicating lower operational leverage.
Strategic Growth
Growth Strategy
The company's strategy focuses on the recovery and development of its interest in the Ansal Landmark (Karnal) Township. Growth is dependent on resolving the recoverability of INR 1,926.15 Lacs in net advances and potentially monetizing the INR 1,070.22 Lacs held in inventory through development or sale.
Products & Services
Real estate development projects, specifically residential or commercial plots and units within townships like the Ansal Landmark (Karnal) project.
Brand Portfolio
Landmark Property Development, Dalmia Group.
Strategic Alliances
The company has a significant business arrangement/advance with Ansal Landmark (Karnal) Township Pvt. Ltd. for space booking.
External Factors
Industry Trends
The real estate industry is shifting toward consolidated players with high transparency. LPDC is currently in a consolidation phase, focusing on cleaning up its balance sheet (provisioning INR 400 Lacs for credit losses) rather than aggressive expansion.
Competitive Landscape
Competes with other NCR-based developers like DLF and Ansal Properties in the residential township segment.
Competitive Moat
The company's moat is linked to its association with the Dalmia Group and its existing land/advance positions in the NCR region. However, this moat is currently weakened by the slow recovery of advances from partners.
Macro Economic Sensitivity
Highly sensitive to the Indian real estate market and interest rate cycles, which affect the valuation and liquidity of its INR 1,070.22 Lacs inventory.
Geopolitical Risks
Low, as assets and operations are concentrated in the National Capital Region (NCR) and Haryana, India.
Regulatory & Governance
Industry Regulations
Operations are subject to RERA (Real Estate Regulatory Authority) and local development norms in Haryana and Delhi. The company maintains adequate systems to monitor compliance as per the Secretarial Audit report.
Taxation Policy Impact
The company recorded a tax expense of INR 4.38 Lacs for H1 FY26, despite a pre-tax loss, likely due to deferred tax adjustments or taxes on interest income.
Legal Contingencies
The primary contingency involves the recoverability of space booking advances from Ansal Landmark (Karnal) Township Pvt. Ltd. totaling INR 3,526.15 Lacs (Gross). The company has provisioned INR 1,600 Lacs against this, leaving a net exposure of INR 1,926.15 Lacs.
Risk Analysis
Key Uncertainties
The recoverability of the net advance of INR 1,926.15 Lacs is the single largest uncertainty, representing nearly half of the company's net worth.
Geographic Concentration Risk
100% of known projects and assets are concentrated in the North India region (NCR and Haryana).
Third Party Dependencies
High dependency on Ansal Landmark (Karnal) Township Pvt. Ltd. for the realization of its largest non-current asset.
Technology Obsolescence Risk
Low risk for real estate, though the company needs to adopt digital sales and project management tools to remain competitive.
Credit & Counterparty Risk
High risk; the company has already recognized a 'Provision for expected credit loss' of INR 400 Lacs in the previous year, signaling ongoing concerns about counterparty liquidity.