Lancor Holdings Ltd has secured the Real Estate Regulatory Authority (RERA) approval for its residential project, Lancor Ananya. The regulatory clearance marks a significant milestone for the developer, ensuring compliance with sector norms. The company confirmed that all apartments within the project have been sold, indicating strong demand and successful execution of the sales strategy.

Project Details

The Lancor Ananya project has achieved full occupancy in terms of sales prior to receiving the final regulatory nod. This development underscores the company's ability to market and sell its inventory effectively even before the completion of statutory approvals.

Lancor Holdings reported a consolidated net profit of ₹4,045.07 lakh for the financial year ended March 31, 2026, a substantial increase compared to ₹467.09 lakh in the previous year. The company's board has recommended a total final dividend of 15%, amounting to ₹0.30 per equity share, which includes a special dividend of 5% attributed to the successful defence of the title for the commercial property Menon Eternity in Chennai. This dividend is subject to approval by shareholders at the ensuing Annual General Meeting.

The board approved the audited financial results for both standalone and consolidated operations for the quarter and year ended March 31, 2026. The statutory auditor, G. M. Kapadia & Co., issued an audit report with an unmodified opinion on the annual audited financials. The company recorded a standalone net profit of ₹4,063.02 lakh for FY26, up from ₹920.01 lakh in FY25.

Total income from operations for the year stood at ₹20,539.49 lakh on a consolidated basis, compared to ₹19,215.09 lakh in the prior year. The results were reviewed by the Audit Committee during its meeting on May 29, 2026. The disclosure was submitted to the National Stock Exchange of India and BSE Limited in compliance with Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company's financial performance for the year ended March 31, 2026, reflects strong growth in profitability driven by other income and operational efficiency.

The board meeting commenced at 12.30 P.M. and concluded at 6.30 P.M. on May 29, 2026. The company also noted that the financial figures for the quarter ended March 31, 2026, were derived as balancing figures between the audited annual results and the published unaudited year-to-date figures up to the third quarter.