Landmark Cars Limited Announces Board Decisions and Q2 Financial Results; Approves Director Appointments and ESOP Grant

Landmark Cars Limited Announces Board Decisions and Q2 Financial Results; Approves Director Appointments and ESOP Grant​

Landmark Cars Limited, in a board meeting held on August 11, 2026, approved the Standalone and Consolidated Unaudited Financial Results for the quarter ended June 30, 2026. The Board also made significant decisions regarding corporate governance, including key director appointments, committee reconstitutions, and an employee stock option grant.

Corporate Governance and Appointments​

The Board meeting reviewed and approved various matters concerning the company’s composition and strategy. Key decisions included:

• Director Appointments: Mr. Manish Chokhani was reappointed as an Independent Director for the second term of three years from October 28, 2026, subject to shareholder approval. Mr. Gautam Trivedi was similarly reappointed as an Independent Director for a five-year term starting October 28, 2026, subject to shareholder approval. Ms. Rita Teaotia was appointed as an Additional Director and Independent Director effective August 11, 2026, for three years, subject to shareholder approval.
• Committee Reconstitution: The Nomination and Remuneration Committee and the Audit Committee were approvedly reconstituted with the appointment of Ms. Rita Teaotia.

The composition of the committees was ratified as follows:

Nomination and Remuneration Committee


Audit Committee

Corporate Actions and Partnerships​

The company also finalized several strategic and operational matters:

• MOU with Tecso Charge Zone Limited: Landmark Cars Limited entered into a Memorandum of Understanding (MOU) with Tecso Charge Zone Limited, an entity providing electric vehicle (EV) charging infrastructure. The MOU is designed to provide Wallet Credit and other benefits to eligible customers through a designated referral code.
• Employee Stock Option Plan: The Board approved the grant of 2,000 Stock Options to eligible employees under the Landmark Employee Stock Option Plan - 2023. This tranche represents 0.0048% of the total paid-up share capital of the Company, based on the maximum limit of 2,00,000 options set for the plan. The Exercise Price is determined by the three months' average of daily opening and closing price of the Equity Shares immediately prior to the Grant Date, subject to a maximum discount of 20%.

Financial Highlights (Q ended June 30, 2026)​

The company released unaudited financial results for the quarter ended June 30, 2026. These results were reviewed by the Audit Committee and approved by the Board of Directors.

Consolidated Unaudited Financial Results (All figures in Million)


Standalone Unaudited Financial Results (All figures in Million)

LANDMARK Stock Price Movement​

On Tuesday, Landmark Cars Limited shares rallied to close at ₹571.75, having edged higher by 2.43% from the previous session’s close. The stock traded within a range of ₹549.1 and ₹585 during the market session.