Lancor Holdings Limited received approval from the National Company Law Tribunal (NCLT), Chennai Bench, to amalgamate its wholly owned subsidiary, Lancor Maintenance & Services Limited, with itself. The certified copy of the order was received on May 27, 2026. The appointed date for the scheme is April 1, 2024.

The merger involves the transferor company, Lancor Maintenance & Services Limited, engaged in maintenance services, and the transferee company, Lancor Holdings Limited, engaged in real estate business. As per the last audited financial statements, the turnover of Lancor Holdings Limited stood at Rs. 1,05,41,96,709 as on December 31, 2025, while the subsidiary reported NIL turnover.

The scheme is exempted under Regulation 23(5)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as it involves the amalgamation of a wholly-owned subsidiary with the holding company. There is no cash consideration or share exchange ratio involved in the transaction. The investment of the holding company in the wholly owned subsidiary's equity shares will be cancelled without the issuance or allotment of any new shares.

Consequently, there will be no change in the shareholding pattern of Lancor Holdings Limited. The scheme will be deemed effective from the date the certified copy of the order is filed with the Registrar of Companies by both the transferor and transferee companies. The company is currently in the process of filing the order with the Registrar of Companies, Chennai.

Key Details of the Amalgamation

LANCOR HOLDINGS LIMITED has announced that its board of directors will meet on Friday, May 29, 2026. The meeting will be conducted through Video Conferencing (VC) or Other Audio Visuals Means (OAVM) to consider the audited financial results of the company for the quarter and year ended March 31, 2026. The results will be presented on both a standalone and consolidated basis.

Agenda for the Meeting

The primary agenda for the board meeting is the review and approval of the financial performance for the fourth quarter of the fiscal year 2025-26. Alongside the results, the board will deliberate on the recommendation of a final dividend for the financial year 2025-26, if any.

Trading Window Closure

In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the shares of the company has been closed since April 1, 2026. This restriction will remain in effect until the expiry of 48 hours after the declaration of the audited financial results on May 29, 2026.

Key Meeting Details