Landmarc Leisure Names New CFO, Fills Key Auditor Vacancy

Landmarc Leisure Corporation Limited has appointed Mr. Vikrant Raju Lad as its new Chief Financial Officer (CFO), effective March 30, 2026. The company also appointed Mr. Amit Shiv Hari Jalan as Secretarial Auditor to fill a casual vacancy until the upcoming Annual General Meeting for FY 2025-26.

These appointments follow recent departures from critical roles. The company’s previous CFO, Mahadevan Ramanathan Kavassery, resigned effective March 21, 2026. Prior to that, the Secretarial Auditor, DSM and Associates, had resigned on February 27, 2026.

The naming of a new CFO and Secretarial Auditor signals a renewed focus on financial oversight and corporate governance for Landmarc Leisure. These positions are crucial for maintaining financial discipline, ensuring regulatory adherence, and rebuilding investor confidence, especially given the company's recent history.

Landmarc Leisure has faced regulatory attention, including a penalty imposed by the Securities and Exchange Board of India (SEBI) in January 2023 for violations related to fraudulent trade practices. SEBI had also previously ordered a forensic audit of the company.

The company has reported net losses, with a net loss of ₹0.19 crore in the December 2025 quarter. The new CFO will face the challenge of improving profitability. Some analysts have assessed Landmarc Leisure as a company with below-average quality, and the recent turnover in key positions highlights potential underlying issues that the new appointees must navigate.

Moving forward, investors will be monitoring the performance and effectiveness of Mr. Vikrant Raju Lad in managing financial operations. Key areas to track include the findings of the secretarial audit by Mr. Amit Shiv Hari Jalan, any future disclosures on governance improvements or financial turnarounds, and the company's ability to overcome historical challenges and enhance profitability. The impact of these appointments on stock performance and investor sentiment will also be closely observed.