Lancor Holdings Ltd

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.

Book Closure & AGM Details

• 41st AGM on 28 Sep 2026 at 11:30 AM via VC/OAVM.
• Book closure 22-28 Sep 2026 (inclusive) for AGM and dividend.
• Record date for dividend: 21.09.2026; dividend 15% (Rs 0.30 per equity share).
• E-voting cut-off date: 21.09.2026.
• Remote e-voting period: 23.09.2026 9:00 AM IST to 27.09.2026 5:00 PM IST.
• Security: equity shares.

Standalone results highlights

• Unaudited standalone Q1 FY2026 results approved (quarter ended 30 June 2026).
• Revenue from operations Rs 4,323.59 lakh; Total income Rs 6,236.08 lakh.
• PBT Rs 2,135.63 lakh; PAT Rs 1,787.07 lakh.

Consolidated results highlights

• Unaudited consolidated Q1 FY2026 results approved (quarter ended 30 June 2026).
• Total income from operations Rs 6,378.12 lakh; PAT Rs 1,724.53 lakh.
• PBT Rs 2,072.50 lakh.

Amalgamation and capital structure

• NCLT Chennai approved LMSL merger; effective 3 Jun 2026; appointed 1 Apr 2024.
• Amalgamation via pooling of interest; capital reserve Rs 19.74 lakh.
• Authorised capital increased to Rs 1,906.00 lakh.
• Comparatives restated for LMSL amalgamation.

Warrants and equity instruments

• Warrants issued: 33,33,330 warrants at Rs 30 each; convertible 1:1 within 18 months.
• Warrant holders paid 25%; balance 75% due on exercise.
• Shareholders approved warrant issue at EGM held 26 April 2025.

Auditor reviews and disclosures

• Auditors' review: standalone and consolidated results reviewed; no material misstatement.
• Notes: restatement due to LMSL amalgamation.

Dematerialisation status

• Securities received for dematerialisation were confirmed to the depositories.
• Securities dematerialised have been listed on the stock exchanges.
• Physical certificates were mutilated and cancelled; depository name updated as registered owner within the time limit.