Landmarc Leisure Corporation has raised ₹19.98 crore through a preferential allotment of 18 crore shares at ₹1.11 each. The company also redeemed 2.54 lakh cumulative redeemable preference shares. While strengthening its capital base, the company faced penalties for delayed filings.

Landmarc Leisure Corporation Ltd. Board Approves Capital Infusion and Share Redemption

Landmarc Leisure Corporation is set to receive ₹19.98 crore through a preferential allotment of 18,00,00,000 equity shares at ₹1.11 per share. The company also approved the redemption of 2,54,000 Cumulative Redeemable Preference Shares.

Reader Takeaway: Capital infusion and liability reduction signal financial restructuring, but compliance delays remain a watch point.

What just happened

Landmarc Leisure Corporation has successfully raised ₹19.98 crore by issuing 18,00,00,000 equity shares at ₹1.11 each. This preferential allotment was approved by the company's members through a postal ballot.

Additionally, the company's board has approved the redemption of 2,54,000 Cumulative Redeemable Preference Shares of ₹100 each, a move intended to reduce its preference capital obligations.

Why this matters

The capital infusion strengthens the company's financial position, potentially funding growth or debt reduction. The redemption of preference shares reduces future interest outgo and streamlines the capital structure.

The backstory

During the financial year 2025-26, the company has been active in corporate actions. This includes the preferential allotment which was approved by members and the redemption of preference shares which was approved by the board.

What changes now

With the capital infusion, Landmarc Leisure will have increased financial resources. The redemption of preference shares will reduce its financial liabilities and associated costs.

Risks to watch

The company's Secretarial Auditor noted compliance delays. These include the late submission of financial results for the half-year ended September 30, 2025 (resulting in a ₹29,500 penalty) and shareholding patterns for the quarters ended March 31, 2025, and June 30, 2025 (₹18,000 penalty for the March quarter).

An independent director's registration in the Independent Directors’ databank is also pending.

Management and Auditor Changes

There have been changes in key positions. Mr. Mahadevan Ramanathan Kavassery resigned as CFO on March 21, 2026, and Mr. Vikrant Raju Lad was appointed as the new CFO on March 30, 2026.

M/s. Pimple & Associates have been appointed as the Secretarial Auditor, effective June 22, 2026, replacing M/s. Amit Jalan & Associates.

Context metrics (time-bound)

• Preferential Allotment: 18,00,00,000 equity shares at ₹1.11/share, totaling ₹19.98 crore.
• Redemption: 2,54,000 Cumulative Redeemable Preference Shares.
• Penalties Paid: ₹47,500 total during the year for compliance delays.