Landmark Cars approves Rs 50 crore for two subsidiaries

Landmark Cars Limited approved cash investments of up to Rs 50 crore on November 12, 2026, allocating up to Rs 25 crore each to two wholly owned subsidiaries. Landmark Cars is funding luxury-goods retailer Landmark Luxury Retail Private Limited, which recorded no revenue in FY 2025-26, and Landmark Automotive Private Limited, which proposes a JSW Cars dealership.

What did Landmark Cars approve on November 12, 2026?

Landmark Cars approved an additional investment of up to Rs 50 crore in two wholly owned subsidiaries at its board meeting on November 12, 2026. The board split the authorised amount equally, with up to Rs 25 crore for Landmark Luxury Retail Private Limited and up to Rs 25 crore for Landmark Automotive Private Limited.

The approval was disclosed alongside Landmark Cars' unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026. The board meeting began at 2.30 p.m. and concluded at 5.00 p.m., while Landmark Cars classified the proposed funding as related-party transactions because it is the promoter of both subsidiaries.

The transaction is not an acquisition of an outside business because Landmark Cars already owns 100% of both entities. Its ownership will remain 100% after the investments, meaning the stated effect is additional capital for the subsidiaries rather than a change in group control.

How will Landmark Cars use the Rs 50 crore investment approval?

Landmark Cars plans to invest up to Rs 25 crore in each subsidiary through cash consideration. The Rs 50 crore ceiling is divided equally even though the businesses serve different segments: luxury-goods retailing at Landmark Luxury Retail Private Limited and automotive operations at Landmark Automotive Private Limited.

Landmark Cars stated that the purpose of each investment is to expand the respective wholly owned subsidiary's business. No governmental or regulatory approval is required for either investment, and the company gave June 30, 2027 as the indicative completion date.

The two subsidiaries have different disclosed capital bases before the new funding. Landmark Luxury Retail Private Limited had authorised share capital of Rs 10 lakh and paid-up share capital of Rs 1 lakh, while Landmark Automotive Private Limited had authorised and paid-up share capital of Rs 25 lakh each.

What does the investment mean for Landmark Luxury Retail Private Limited?

Landmark Cars said the investment is intended to expand Landmark Luxury Retail Private Limited, which retails luxury goods. The subsidiary was incorporated in India on August 14, 2025, and the audit report identifies it as a Landmark Cars subsidiary with effect from that date.

Landmark Luxury Retail Private Limited earned no revenue in FY 2025-26, according to the November 12 disclosure. The up to Rs 25 crore approval therefore supports expansion of a business without a reported revenue base for that financial year.

Landmark Cars did not disclose any luxury brands, store locations, product categories or revenue targets for the subsidiary. The filing also does not specify how the up to Rs 25 crore would be deployed before the June 30, 2027 indicative completion date.

What is Landmark Automotive planning after its renaming?

Landmark Cars said Landmark Automotive Private Limited proposes to begin an automobile dealership business for JSW Cars in addition to its car-care business. The entity was previously named Motorone India Private Limited, and its name changed to Landmark Automotive Private Limited on November 3, 2026.

Landmark Automotive Private Limited was incorporated in India on April 11, 2003 and is wholly owned by Landmark Cars. The JSW Cars dealership is described as a proposal rather than an operating business, while car care is the existing business disclosed in the filing.

Landmark Automotive Private Limited's total revenue fell in FY 2025-26 from FY 2024-25, but remained above FY 2023-24. That record contrasts with Landmark Luxury Retail Private Limited's no-revenue FY 2025-26 position and provides the reported backdrop for the automotive unit's up to Rs 25 crore allocation.

Revenue increased from Rs 5.52 crore in FY 2023-24 to Rs 8.74 crore in FY 2024-25, then declined to Rs 5.72 crore in FY 2025-26. Landmark Cars did not identify the reasons for that movement or state how the new investment would be divided between the proposed dealership and car-care operations.

When could Landmark Cars complete the investments?

Landmark Cars has indicated that both investments may be completed by June 30, 2027. This is an indicative period, and the filing describes each commitment as an investment of up to Rs 25 crore rather than confirming that the full Rs 50 crore has been paid.

Both investments will use cash, with no share swap disclosed. Since Landmark Cars will continue to hold 100% in Landmark Luxury Retail Private Limited and Landmark Automotive Private Limited, the transactions will not alter the group's stated ownership percentage in either entity.

The November 12, 2026 disclosure says no governmental or regulatory approval is required. It does not provide a funding schedule, valuation, share issue price, number of shares, source of funds or expected financial effect on Landmark Cars' consolidated results.

Conclusion

Landmark Cars has approved up to Rs 50 crore in additional cash funding for two wholly owned subsidiaries, with up to Rs 25 crore allocated to each. The two expansion plans start from different reported positions: Landmark Luxury Retail Private Limited had no FY 2025-26 revenue, while Landmark Automotive Private Limited recorded Rs 5.72 crore of revenue after Rs 8.74 crore in FY 2024-25.

The next disclosed milestone is the indicative completion of both investments by June 30, 2027. Investors will also watch for progress on Landmark Automotive Private Limited's proposed JSW Cars dealership and any later disclosure on the luxury-retail rollout, funding tranches or financial targets, none of which were set out on November 12, 2026.