Lancor Holdings Limited has scheduled its 41st Annual General Meeting (AGM) for Monday, September 28, 2026, at 11:30 am. The meeting will be conducted through Video Conference or Other Audio Visual Means (OAVM), with the deemed venue at the company’s registered office in Chennai.

The Board of Directors, in its meeting held on May 29, 2026, recommended a final dividend of ₹0.30 per equity share of face value ₹2 each for the financial year ended March 31, 2026. This payout represents 15% of the face value of the equity shares. Shareholders on record as of Monday, September 21, 2026, will be eligible to receive the dividend, subject to approval by members at the AGM.

Key Agenda Items

The notice outlines several ordinary and special business items for shareholder consideration:

• Adoption of Financial Statements: Shareholders will consider and adopt the Audited Standalone and Consolidated Financial Statements for FY26, along with the reports of the Board of Directors and Auditors.
• Director Re-appointments:
  • Mr. S. Sridharan (DIN: 01773791) retires by rotation and offers himself for re-appointment as a director.
  • Mr. S. Vasudevan (DIN: 01567080) seeks re-appointment as an Independent Director for a second term of five consecutive years, from November 13, 2026, to November 12, 2031. This requires a special resolution under Section 152 of the Companies Act, 2013.
• Cost Auditor Remuneration: The meeting will ratify the remuneration of M/s. BY & Associates as Cost Auditor for FY27. The approved fee is ₹1,25,000 plus applicable taxes.

Dividend Distribution and Taxation

The company will pay dividends electronically within 30 days of declaration. Physical dividend warrants have been discontinued per SEBI regulations. Tax Deducted at Source (TDS) will apply based on shareholder status:

Shareholders must update their KYC and bank details before the record date to ensure seamless electronic credit. TDS certificates will be issued, and shareholders can view deductions in Form 16A via their e-filing accounts.

E-Voting and Meeting Logistics

Remote e-voting will be open from September 23, 2026, at 9:00 am to September 27, 2026, at 5:00 pm. The voting facility is provided by Central Depository Services (India) Limited (CDSL). Shareholders holding shares in demat mode can vote through their depository participant portals. Those who vote remotely cannot vote again during the virtual meeting.

Mr. A. Mohan Kumar, Practicing Company Secretary, has been appointed as the Scrutinizer for the voting process. The results will be declared on or before September 30, 2026.

Lancor Holdings has signed a Joint Development Agreement (JDA) for the construction of 20 luxurious residential apartments at 1 Seaward Road, Valmiki Nagar, Chennai. Under the agreement, the company’s share will comprise 10 apartments. The project, named "Lancor Kamalam," is set to begin the process for approvals and construction shortly.

In its financial update for the quarter ended June 30, 2026, Lancor Holdings declared a profit after tax (PAT) of ₹17.24 crore. This figure includes a significant contribution from non-operational activities.

What the Numbers Show

The quarterly profit was heavily influenced by one-time gains rather than core operational performance. Of the total PAT of ₹17.24 crore, ₹15.33 crore was attributable to the after-tax profit from the sale of half a floor of the commercial property "Menon Eternity." Only ₹1.91 crore of the profit stemmed from regular operations. This indicates that approximately 89% of the reported net profit for the quarter was derived from asset divestment rather than recurring business activities.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated it would continue to inform stakeholders about material developments regarding the new project and its business operations as per applicable regulatory provisions.