Lancor Holdings Limited declared a final dividend of ₹0.30 per equity share for the financial year ended March 31, 2026. The declaration was approved by shareholders during the company's 41st Annual General Meeting held on September 28, 2026.

The meeting, conducted via video conferencing in compliance with SEBI regulations, saw the adoption of standalone and consolidated financial statements for FY26. Shareholders also ratified the remuneration of M/s. BY & Associates as cost auditors for FY27 and reappointed Mr. S. Vasudevan as an independent director for a second five-year term starting November 13, 2026.

Key resolutions passed

The following ordinary and special business items were transacted during the e-AGM:

• Adoption of standalone and consolidated financial statements for FY26.
• Re-appointment of Mr. S. Sridharan (DIN: 01773791), who retired by rotation under Section 152(6) of the Companies Act, 2013.
• Declaration of a final dividend of ₹0.30 per equity share.
• Ratification of cost auditor remuneration for FY27.
• Re-appointment of Mr. S. Vasudevan (DIN: 01567080) as independent director for a second term (November 13, 2026 to November 12, 2031).

Leadership and attendance

Mr. R V Shekar, Chairman cum Managing Director, presided over the meeting. Key managerial personnel in attendance included CEO J M Chandrasekar, CFO K. Prakash, and Company Secretary Kaushani Chatterjee. Statutory auditor G M Kapadia & Co and internal auditor VGJCA & Associates were also present.

The chairman outlined the company’s operational performance, legal proceedings, and expansion strategies for the fiscal year. Voting results from remote e-voting and live e-voting are to be disseminated to stock exchanges and uploaded on the company website within stipulated timelines.

Directors present

Other attendees

Lancor Holdings Limited has secured a definitive legal victory after the Hon'ble Supreme Court of India dismissed a curative petition filed by the opposite party in the Menon Eternity property dispute. The order, dated September 9, 2026, confirms the company's rightful ownership and freedom to deal with the commercial property located at St Mary's Road.

Litigation Details and Court Order

The dismissal pertains to Curative Petition Nos. 270-271 of 2026, which was filed by Prem Kumar Menon against M/S. Lancor Holdings Limited and others. This petition challenged an earlier revision petition order that had already validated the sale deeds registered in favor of the company. The Supreme Court bench, led by Chief Justice Surya Kant, found no case to entertain the curative petitions within the parameters established in Rupa Ashok Hurra vs. Ashok Hurra & Anr.

The court disposed of any pending interlocutory applications alongside the dismissal of the main petition. The signed order was received by the company on September 24, 2026, marking the closure of this specific legal challenge.

Impact on Company Operations

With the litigation closed in all respects, Lancor Holdings will continue to be in possession of the Menon Eternity commercial building. The company stated it is free to deal with the property in any manner it deems fit. This resolution removes a significant overhang on the asset's title, allowing for unrestricted operational or strategic decisions regarding the property.

Key Case Particulars

What the Numbers Show

The progression from Civil Appeal Nos. 10074-10075 of 2024 to Review Petitions and finally Curative Petitions illustrates the exhaustive nature of the legal battle. The Supreme Court's refusal to reopen the case under its inherent jurisdiction signals a strong judicial endorsement of the lower courts' findings on the validity of the sale deeds. For investors, this eliminates residual legal risk associated with the title of this specific asset, potentially improving its liquidity and valuation clarity without any direct monetary impact reported in the filing.