Landmark Property Development Company533012Legal settlement news
Refund deadline extended to 31 March 2027; Rs. 27,11,15,047 still outstanding
Landmark Property Development Company has executed an Amendment Agreement on 29 October 2026 with Eterna Living Private Limited, a related party, to amend the Refund and Settlement Agreement dated 27 March 2026.
By ScoutQuest · · 2 min read
Rs. 8,15,00,000/-Aggregate payments received by the Company
Subsequent payment receivedRs. 8,00,00,000/-
Payment received on execution of original agreementRs. 15,00,000/-
- Refund undertaken
- Rs. 35,26,15,047
- Outstanding refund
- Rs. 27,11,15,047
- Revised repayment date
- 31 March 2027
What was announced
- On 29 October 2026 the company executed an Amendment Agreement with Eterna Living Private Limited (formerly Ansal Landmark (Karnal) Township Private Limited), a related party.
- The amendment changes the Refund and Settlement Agreement dated 27 March 2026.
- The change was made after Members of the Company approved it at their meeting on 21 September 2026.
The amounts involved
- Eterna had undertaken to refund Rs. 35,26,15,047 to the Company under the original agreement.
- The Company has received Rs. 8.15 crore in total against this.
- That total is made up of Rs. 15 lakh received when the original agreement was executed, plus a later payment of Rs. 8,00,00,000.
- The balance still to be refunded is Rs. 27,11,15,047.
What the amendment changes
- The timeline for repaying the outstanding refund amount is extended from 26 September 2026 to 31 March 2027.
- So the balance of Rs. 27,11,15,047 is now due for repayment by 31 March 2027.
Why the extension was given
- The update says the extension was granted at Eterna Living Private Limited's request.
- Eterna cited delays in receipt of expected funds, on account of pending Government approvals in relation to another group housing transaction.
What stays the same
- All other terms and conditions of the original Refund and Settlement Agreement dated 27 March 2026 remain unchanged.
- The Amendment Agreement does not revive the cancelled space-booking arrangement or any allotment rights under it.
How to read this
- The headline event is a shift in timing, not a change in the amount owed: the receivable stays at Rs. 27,11,15,047, but the Company's receipt of that money now depends on a date about six months later than originally set.
- The reason given for the delay comes from the counterparty and refers to Government approvals in a separate transaction, so the timing of the refund is linked to an event outside this agreement.
- Because Eterna Living Private Limited is a related party, the change was routed through Member approval before the amendment was signed.
- The update records that the original space-booking arrangement and allotment rights remain cancelled and are not revived by this amendment.
Also from Landmark Property Development Company
Board meeting on 13 November 2026 to approve unaudited results for September quarter
3 Nov 2026
Repayment timeline for Rs. 27,11,15,047 refund extended to 31 March 2027
29 Oct 2026
More numbers
- Refund undertaken by Eterna Living under original agreementRs. 35,26,15,047/-
- Aggregate payments received by the CompanyRs. 8,15,00,000/-
- Payment received on execution of original agreementRs. 15,00,000/-
- Subsequent payment receivedRs. 8,00,00,000/-
- Balance refund amount outstandingRs. 27,11,15,047/-
Source: BSE · 29 Oct 2026
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