NCLT Sanctions Merger of Lancor Holdings with Wholly Owned Subsidiary

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.

Parameter:	Details
Approving Authority:	NCLT Chennai
Approval Date:	April 1, 2026
Merging Entity:	Lancor Maintenance & Services Limited
Entity Status:	Wholly owned subsidiary
Surviving Entity:	Lancor Holdings Limited

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.02%	-3.30%	-15.11%	-10.99%	-14.65%	-60.39%

Lancor holdings Limited has disclosed the sale of property floors in Chennai, fulfilling its regulatory obligations under SEBI guidelines. The transaction represents a significant asset divestment by the company.

Property Sale Details

The company has sold two floors of the Menon Eternity building located in Alwarpet, Chennai. The transaction encompasses the 4th and 5th floors of the building situated at Old no. 165, New no. 110, St. Mary's Road, Alwarpet, Chennai.

Parameter:	Details
Floors Sold:	4th & 5th Floor
Building Name:	Menon Eternity
Location:	Old no. 165, New no. 110, St. Mary's Road, Alwarpet, Chennai
Area Sold:	41,356 sq.ft.
Total Building Area:	93,051 sq.ft.
Disclosure Date:	March 5, 2026

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosures Requirement) 2015. This regulation mandates listed companies to inform stock exchanges about material events and corporate actions that could impact investor decisions.

The intimation was submitted to both the National Stock Exchange of India Limited and BSE Limited on March 5, 2026. Company Secretary and Compliance Officer Kaushani Chatterjee signed the disclosure document digitally.

Asset Divestment Impact

The sale covers approximately 44.4% of the total building area, representing a substantial portion of the company's real estate holdings in the Menon Eternity building. The remaining area of 51,695 sq.ft. continues to be part of the building's total footprint.

This transaction reflects the company's strategic approach to asset management and portfolio optimization. The disclosure ensures transparency with stakeholders and maintains compliance with regulatory requirements for listed entities.