Lancor Holdings Ltd

AGM details

• AGM held on 28 September 2026 at 11:30 AM via VC/OAVM.
• Record date: 21 September 2026.

Key resolutions

• Adopt standalone and consolidated financial statements for FY 2025-26.
• Re-appoint S. Sridharan as director liable to rotation.
• Declare final dividend of Rs 0.30 per share for FY 2025-26.
• Ratify remuneration of BY & Associates as cost auditor.
• Re-appoint S. Vasudevan as independent director for a second five-year term.

Dividend

• Final dividend of Rs 0.30 per equity share approved.

Directors

• S. Sridharan re-appointed as director by rotation.
• S. Vasudevan re-appointed as independent director for second term.

Auditors

• Cost auditor remuneration ratified.

Voting results

• Item 1: Passed; 99.999% in favour, 0.001% against.
• Item 2: Passed; 99.999% in favour, 0.001% against.
• Item 3: Passed; 99.990% in favour, 0.010% against.
• Item 4: Passed; 99.917% in favour, 0.083% against.
• Item 5: Passed; 99.917% in favour, 0.083% against.

AGM Details

• 41st AGM held on 28 September 2026 at 11:30 IST via VC/OAVM.

Ordinary Business

• Adoption of standalone and consolidated financial statements for year ended 31 March 2026.
• Re-appointment of director retiring by rotation: S. Sridharan.
• Final dividend of Rs 0.30 per equity share for FY 2025-26.

Special Business

• Remuneration of Cost Auditor M/s BY & Associates to be ratified for FY 2026-27.
• Independent Director S. Vasudevan re-appointed for a 5-year term (2026–2031).

Voting Results

• Voting conducted via remote e-voting and AGM e-voting; results to be disseminated/uploaded.

Director Changes

• S. Sridharan retires by rotation and is eligible for re-appointment.
• S. Vasudevan re-appointed as Independent Director for 2026–2031.

AGM Details

• AGM held on 28 September 2026 at 11:30 IST via VC/OAVM.

Ordinary Business

• Adoption of standalone and consolidated financial statements for FY 2025-26.
• Re-appointment of director retiring by rotation (Mr. S. Sridharan).
• Declaration of final dividend of Rs 0.30 per equity share for FY 2025-26.

Special Business

• Remuneration of Cost Auditor M/s BY & Associates for FY2026-27 ratified.
• Re-appointment of Independent Director Mr. S. Vasudevan for second term (2026–2031).

Dividend

• Final dividend of Rs 0.30 per equity share declared for FY2025-26.

Voting Status

• Remote e-voting and e-voting at AGM conducted; results to be disseminated later.

Directors & Appointments

• Mr. S. Vasudevan re-appointed as Independent Director for five years.

Auditors & Remuneration

• Cost Auditor remuneration for FY2026-27 ratified.

Related Party Transactions

• No material RPTs disclosed in this filing.

AGM Details

• 41st AGM on 28 September 2026 at 11:30 IST via VC/OAVM.
• Register of Members closed 22–28 September 2026; record date 21 September 2026.

Resolutions

• Adopt audited standalone financial statements for year ended 31 March 2026.
• Adopt audited consolidated financial statements for year ended 31 March 2026.
• Re-appoint S. Sridharan by rotation.
• Declare final dividend of Rs 0.30 per equity share.
• Ratify remuneration of M/s. BY & Associates as Cost Auditors for 2026-27 at Rs 1,25,000.
• Re-appoint S. Vasudevan as Independent Director for second five-year term; continuation beyond age 75.

Dividend Details

• Final dividend of Rs 0.30 per equity share (face value Rs 2).
• Record date for dividend: 21 September 2026.
• Dividend payout electronically within 30 days of declaration.

Auditor Appointments

• Cost Auditor remuneration Rs 1,25,000 plus applicable tax for 2026-27.

Director Changes

• S. Sridharan to be re-appointed by rotation.
• S. Vasudevan re-appointed as Independent Director for second term; continuation beyond age 75.

Financial snapshot

• Standalone total revenue 19,393.01 lakh; consolidated 20,539.49 lakh.
• Standalone revenue up 4.06% YoY; consolidated up 6.89%.
• Standalone EBITDA 7,254.02 lakh; consolidated 7,459.96 lakh.
• Standalone net profit after tax 4,063.00 lakh; consolidated 4,045.07 lakh.
• EPS: standalone Rs 4.01; consolidated Rs 5.52.
• Final dividend proposed Rs 0.30 per share.

Strategy & developments

• Menon Eternity: Supreme Court favors company; two floors sold; two remaining floors to exit ownership.
• Proceeds from sales applied to debt reduction and property acquisitions.
• Harmonia: Pavilion near completion; Phase-II sold out; Phase-III planned on owned land.
• Redevelopment: three Chennai apartment complexes signed; one project already approved by RERA.
• Sriperumbudur: redevelopment projects with potential Rs 492 crore turnover over 24-30 months.

Capital & liquidity

• Total borrowings: standalone Rs 9,499.40 lakh; consolidated Rs 10,658.27 lakh.
• Debt-to-equity: standalone 0.34x; consolidated 0.36x.
• Cash and cash equivalents at year-end Rs 2,062.91 lakh; up from Rs 1,531.91 lakh.
• Final dividend Rs 0.30 per share; record date 21 Sep 2026.
• Equity post-merger and ESOP: total equity Rs 23,933.12 lakh.

Governance & risk

• Independent Director S. Vasudevan reappointed for second 5-year term to 2031.
• Board met seven times; independent director meetings held as required.
• Statutory auditor M/s G M Kapadia & Co: unmodified opinion.
• Secretarial audit: Annexure-1; no adverse remarks.
• Internal controls: adequate; no significant weaknesses found.

Dividends & shareholder info

• Final dividend Rs 0.30 per share; tax withheld at source as applicable.
• Record date for dividend 21 Sep 2026; AGM 41st on 28 Sep 2026 via VC/OAVM.
• All shares now dematerialised; physical issuance largely discontinued.
• TDS rates vary by resident/non-resident status; DTAA benefits possible with documentation.

CSR & ESG

• CSR spend Rs 20.00 lakh; CSR policy disclosed in Annexure-10.
• CSR activity includes infrastructure support for skill development via Lancor Foundation.

Audits & disclosures

• Cost auditor BY & Associates appointed; remuneration Rs 1,25,000 ratified.
• CEO/CFO certificate on financial statements provided.
• No significant non-compliance or penalties observed.

Key disclosures

• Board approved unaudited standalone and consolidated results for quarter ended June 30, 2026.
• Annual General Meeting scheduled for September 28, 2026 via VC/OAVM.
• Record date for final dividend FY2025-26 fixed at September 21, 2026.
• Reappointment of Independent Director Srinivasan Vasudevan for a second five-year term.
• Term commences November 13, 2026, for five years, subject to shareholder approval.
• Amalgamation of LMSL with Lancor approved by NCLT; effective June 3, 2028.
• Comparatives restated; LMSL amalgamation adjustments reflected; authorized capital increased.
• Warrants: 3,333,330 warrants issued April 26, 2025; 25% paid; 75% payable on exercise.
• Subsidiaries post-merger: Central Park West Venture and Lancor City Developer Limited.
• Results reviewed by Audit Committee; limited review by statutory auditors.

Project update

• Joint Development Agreement signed for 20 luxury apartments at 1 Seaward Road, Chennai; Lancor holds 10 units.
• Project named 'Lancor Kamalam'; approvals and construction to commence soon.

Financial results

• PAT at Rs 17.24 crore for quarter ended 30 June 2026.
• Profit from sale of half floor of Menon Eternity after tax: Rs 15.33 crore.
• Balance Rs 1.91 crore is profit from operations.

Independent Director Re-appointment

• Re-appointment of Mr. Srinivasan Vasudevan as Independent Director.
• Term: 13 November 2026 to 12 November 2031 for five years.
• Reason: Recommended by Nomination and Remuneration Committee; subject to shareholders' approval.
• Profile: Chartered Accountant with 40+ years in Finance and Real Estate.
• DIN: 01567080.
• Not related to any Director or KMP.