landmark property development company ltd share price Management discussions

The Company continues to provide Advisory Services to overseas investors furnishing to them Investment Reports that include a presentation of the financial and economic aspects of the proposed investment, a Business Plan for the proposed Investment (s) and any other information reasonably requested by the advisee. As a result , the Company has been receiving Fee as mutually agreed between the Company and the Advisee from time to time.

Your Companys advances to Ansal Landmark Townships Private Limited were transferred to Ansal Landmark ( Karnal) Township Private Limited which had been set up to run the Karnal Project in terms of Business Transfer Agreement dated 2^nd April, 2012 signed by the Company with Ansal Landmark ( Karnal ) Township Private Limited. The Company became entitled to allotment of Plots , Flats in Group Housing / commercial property in the residential townships at Ghaziabad and at Karnal.

Your Company has since been allotted flats (including semi finished flats) and Plots against adjustment of Rs.14,47,83,799 /-, leaving a balance advance of Rs, 35,45,91,040/. Further allotments are expected in due course.

The real estate maket continues to be slow , pan India .However all efforts are being made to sell all the stock of plots /flats in the Companys inventory.

HUMAN RESOURCE:

Human Resource relations continued to be cordial during the year under review.

INTERNAL AUDIT

The Company has appointed a firm of Chartered Accountants to act as its Internal Auditors. It carries out desired level of audit of various spheres of activities of the Company to ensure that the laid down systems and procedures are adequate and are being followed. The Internal Audit Reports are presented to the Audit Committee of the Board which meets at periodic intervals.

X. SHAREHOLDERS INFORMATION

A) General information

Registered Office	11th Floor, Narain Manzil, 23, Barakhamba Road , New Delhi -110001
Financial year	1st April to 31st March
39th Annual General Meeting,Date, time and Venue	30th September, 2015 at 9.30 AM at Pearey Lai Bhawan , 2, Bahadhur Shah Zafar Marg, New Delhi -110002.
Book Closure Dates	24th September,2015 to 30th September, 2015 ( both days inclusive)

B) Appointment/Reappointment of Directors

The appointment/re-appointment of Directors is communicated to shareholders through the Notice of the Annual General Meeting. In the case of new appointments information about the new Director(s) is / are given through Explanatory Statement annexed to the Notice.

C) Financial Results

The Companys quarterly Un-Audited Results and Half Yearly Un-Audited Results, are subjected to Limited Review by Auditors and Annual results, as usual, are subjected to Audit by the Statutory Auditors. Quarterly Un-Audited and Annual Audited Results are published in newspapers and are also communicated to the Stock Exchanges. The Company posts the Financial Results and Shareholding Pattern on the Companys Web Site : www.landmarkproperty.in

D) Share Transfer System and Registrars & Share Transfer Agents

Pursuant to directions of SEBI, the facility to hold the Companys shares in electronic form is made available to the Shareholders as the Company has joined both Depositories, namely NSDL and CDSL. Share Transfer Documents for physical transfer and requests for dematerialization of shares are sent to the Companys Registrars M/s C B Management Services (P) Limited at P-22 Bondel Road, Calcutta- 700 019.

E) Listing on Stock Exchanges

The Companys Equity Shares are listed on the Bombay Stock Exchange and the National Stock Exchange of India Limited. The Company has paid Listing Fee for the year 2014-2015 and also for 2015-2016. The shares of the Company are traded on the Bombay Stock Exchange and the National Stock Exchange of India Limited.

Name of the Stock Exchange	Code for Equity Shares
Bombay Stock Exchange Limited	533012
National Stock Exchange of Limited	LPDC

F) Share Prices as per Quotations of Bombay Stock Exchange Limited and National Stock Exchange of India Limited

	Bombay Stock Exchange Limited		National Stock Exchange of India Limited
Month	High ( Rs.)	Low ( Rs.)	High ( Rs.)	Low ( Rs.)
April ,2014	2.95	1.85	2.75	1.90
May , 2014	3.40	2.67	3.25	2.70
June , 2014	3.73	2.90	3.65	2.85
July , 2014	3.67	2.86	3.55	2.90
August, 2014	6.33	2.65	6.25	2.65
September , 2014	6.04	4.26	5.60	4.05
October, 2014	6.97	5.30	6.90	5.30
November, 2014	5.84	4.65	5.95	4.50
December, 2014	5.40	3.85	5.45	3.50
January , 2015	5.75	4.07	5.55	4.30
February , 2015	4.50	3.40	4.75	3.60
March , 2015	4.90	2.71	4.60	2.70

Distribution of Shareholding as on March 31,2015

Size of Holdings	No. of Share Holders	Percentage %	No of Shares	Percentage %
000001-000500	9771	61.32	1672525	1.25
000501-001000	2187	13.73	1777597	1.33
001001-002000	1670	10.48	2587444	1.93
002001-003000	685	4.30	1804065	1.34
003001-004000	378	2.37	1351347	1.01
004001-005000	273	1.71	1266489	0.94
005001-010000	531	3..33	3776156	2.81
010001-050000	381	2.39	7180121	5.35
050000-100000	26	0.16	1766637	1.32
100001& above	33	0.21	110960779	82.72
TOTAL	15935	100.00	134143160	100.00

Shareholding pattern as on 31^st March , 2015

All Category	Physical	Demat	Total	% of Holding
Promoters & Friends *		86687844	86687844	64.62
UTI	54000	—	54000	0.04
Mutual Fund	—	—	—	—
Banks	103035	83565	186600	0.14
Financial Institutions / Insurance Companies	-	-	-	-
Bodies Corporate	29307	14806567	14835874	11.06
Foreign National	40380	—	40380	0.03
F.F.I	—	—	-	-
F.I.I	900	—	900	0.00
Overseas Corporate Body
Non Residents	16535	877290	893825	0.67
Directors / Relatives
Clearing Member	"	188483	188483	0.14
Resident Individuals	3289530	27117348	30406878	22.67
Trusts	—	—	—	—
Unclaimed Suspense Account		848376	848376	0.63
Total	3533687	130609473	134143160	100.00

* Including one Director - 174999 Equity Shares

XI. CEO and CFO Certification

The CEO and CFO have given certificates on financial reporting and internal controls to the Board in terms of Clause 49 and Clause 41 of the Listing Agreement.

XII. COMPLIANCE REPORT FROM AUDITORS

The Company has obtained a Certificate from the Statutory Auditors certifying Compliance with mandatory requirements mentioned in the Clause 49 of the Listing Agreement.

AUDITORS CERTIFICATE ON CORPORATE GOVERNANCE

To the shareholders of Landmark Property Development Company Limited

1. We have examined the compliance of conditions of Corporate Governance by Landmark Property Development Company Limited ("the Company") for the year ended March 31^st, 2015, as stipulated in clause 49 of the Listing Agreement of the said company with Stock Exchanges in India.

2. The Compliance of conditions of Corporate Governance is the responsibility of the management. Our examination was limited to the review of procedures and implementation thereof, adopted by the company for ensuring the compliance of the conditions of Corporate Governance. It is neither an audit nor an expression of opinion on the financial statements of the Company.

3. In our opinion and to the best of our information and according to the explanations given to us, we certify that the Company has complied with the conditions of Corporate Governance as stipulated in the above mentioned Listing Agreement.

4. We further state that such compliance is neither an assurance as to the future viability of the company nor the efficiency or effectiveness with which the management has conducted the affairs of the Company.

	For V. Sankar Aiyar & Co.
	Chartered Accountants
	FRN 109208 W
	Sd/-
Place : New Delhi	(R . Raghuraman)
Date : 12 May,2015	Partner
	Membership No. 081350