Lancor Holdings Limited has announced a key senior management appointment, strengthening its leadership team with the addition of an experienced sales and marketing professional to drive the company's growth initiatives.

Board Approval and Appointment Details

The Board of Directors of Lancor Holdings Limited approved the appointment of Mr. M.V.D. Kumar as Vice President Sales & Marketing through resolution by circulation on April 7, 2026. The appointment was made based on the recommendation of the Nomination and Remuneration Committee and takes effect from April 7, 2026.

Professional Background and Experience

Mr. M.V.D. Kumar brings extensive experience to his new role, with over 30 years in sales and marketing leadership positions. His educational qualifications include a B.Tech in Mechanical Engineering from Coimbatore Institute of Technology and an MBA in Marketing from the National Institute of Business Management.

The new appointee has demonstrated expertise across multiple sectors and has successfully scaled operations in diverse markets. His professional experience spans consumer durables, electronics, power systems, and real estate sectors, with proven capabilities in market expansion and team leadership.

Career Highlights and Industry Experience

Mr. Kumar's career includes significant roles with several reputed organizations, showcasing his versatility and leadership capabilities:

• Whirlpool of India (Mumbai) - Contributing to consumer durables sector growth
• TVS Electronics - Experience in electronics and technology sectors
• Murugappa Group (New Delhi) - Leadership role in diversified business operations
• Featherlite Developers & Shriram Properties - Real estate sector expertise

His international experience includes successful operations management in Dubai and African markets, demonstrating his ability to navigate diverse business environments and drive revenue growth across different geographical regions.

Regulatory Compliance

The appointment has been disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided detailed information as required under SEBI Master Circular No. HO/49/14/14(7)2025-CFDP0D2/I/3762/2026 dated January 30, 2026, ensuring full transparency with stakeholders and regulatory authorities.

The appointment reflects Lancor Holdings Limited's commitment to strengthening its senior management team with experienced professionals who can contribute to the company's strategic objectives and operational excellence in the competitive real estate market.

Lancor Holdings Limited has received regulatory approval for its merger with a wholly owned subsidiary, marking a significant corporate restructuring milestone for the Chennai-based company.

NCLT Grants Merger Approval

The National Company Law Tribunal (NCLT) Chennai sanctioned the merger scheme between Lancor Holdings Limited and Lancor Maintenance & Services Limited during a hearing held on April 1, 2026. The subsidiary being merged is a wholly owned entity of the parent company.

Regulatory Compliance and Next Steps

The company has notified both major stock exchanges about this development in accordance with regulatory requirements. Lancor Holdings informed the National Stock Exchange of India Limited and BSE Limited about the NCLT sanction under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company is currently awaiting the detailed order from NCLT. Upon receipt of the complete documentation, Lancor Holdings will provide comprehensive information regarding the merger scheme as mandated by SEBI listing regulations.

Corporate Structure Impact

This merger represents a consolidation of operations within the Lancor Holdings group structure. The integration of Lancor Maintenance & Services Limited, being a wholly owned subsidiary, will streamline the corporate framework and potentially enhance operational efficiency.

The company secretary and compliance officer Kaushani Chatterjee signed the regulatory filing, ensuring proper compliance with disclosure requirements. The merger scheme follows standard corporate restructuring protocols under Indian company law.