Lancor Holdings Limited has secured a definitive legal victory after the Hon'ble Supreme Court of India dismissed a curative petition filed by the opposite party in the Menon Eternity property dispute. The order, dated September 9, 2026, confirms the company's rightful ownership and freedom to deal with the commercial property located at St Mary's Road.

Litigation Details and Court Order

The dismissal pertains to Curative Petition Nos. 270-271 of 2026, which was filed by Prem Kumar Menon against M/S. Lancor Holdings Limited and others. This petition challenged an earlier revision petition order that had already validated the sale deeds registered in favor of the company. The Supreme Court bench, led by Chief Justice Surya Kant, found no case to entertain the curative petitions within the parameters established in Rupa Ashok Hurra vs. Ashok Hurra & Anr.

The court disposed of any pending interlocutory applications alongside the dismissal of the main petition. The signed order was received by the company on September 24, 2026, marking the closure of this specific legal challenge.

Impact on Company Operations

With the litigation closed in all respects, Lancor Holdings will continue to be in possession of the Menon Eternity commercial building. The company stated it is free to deal with the property in any manner it deems fit. This resolution removes a significant overhang on the asset's title, allowing for unrestricted operational or strategic decisions regarding the property.

Key Case Particulars

What the Numbers Show

The progression from Civil Appeal Nos. 10074-10075 of 2024 to Review Petitions and finally Curative Petitions illustrates the exhaustive nature of the legal battle. The Supreme Court's refusal to reopen the case under its inherent jurisdiction signals a strong judicial endorsement of the lower courts' findings on the validity of the sale deeds. For investors, this eliminates residual legal risk associated with the title of this specific asset, potentially improving its liquidity and valuation clarity without any direct monetary impact reported in the filing.

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.