Lancor Holdings Limited has informed stock exchanges about the publication of newspaper advertisements regarding a notice of hearing for a merger petition. This disclosure comes as part of the company's compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Key Details

Company's Statement

Lancor Holdings stated in its filing: "We enclosed herewith the copies of newspaper advertisement on notice of hearing of petition in respect of merger published in the Newspapers, The Indian Express (English), The New Indian Express (English) and Daily Thanthi (Tamil) dated 1st November, 2025 as per the order of NCLT."

Significance

The publication of this notice is a crucial step in the merger process, as mandated by the National Company Law Tribunal (NCLT). It ensures transparency and allows stakeholders to be informed about the upcoming hearing related to the merger petition.

Investors and stakeholders are advised to keep an eye on further developments regarding this merger petition, as it could potentially impact the company's future structure and operations.

Lancor Holdings Limited continues to fulfill its regulatory obligations by keeping the stock exchanges and public informed about significant corporate actions and legal proceedings.

Lancor Holdings Limited has achieved a major milestone by taking possession of its commercial property in Chennai, following a favorable Supreme Court ruling and compliance with the court's payment directive.

Property Possession Details

The company has taken possession of four and half floors of Menon Eternity, a commercial building located on St. Mary's Road, Alwarpet, Chennai. The acquired floors include:

Supreme Court Compliance

In adherence to the Supreme Court of India's judgment dated October 31, 2025, Lancor Holdings made a payment of Rs 10.00 crores. This payment was a prerequisite for taking possession of the commercial property floors.

Business Development Plans

With possession secured, Lancor Holdings has outlined its immediate business strategy for the property. The company plans to refurbish the acquired floors and showcase them to prospective tenants for leasing purposes. This development represents a significant step forward in monetizing the company's real estate assets.

Regulatory Disclosure

Lancor Holdings has informed both the National Stock Exchange of India Limited and BSE Limited about this development in compliance with Regulation 30 of the SEBI Listing Regulations. The company secretary and compliance officer, Kaushani Chatterjee, signed the regulatory filing confirming the possession and payment details.

This development marks the culmination of the legal proceedings that previously favored Lancor Holdings, now translating into tangible business opportunities through the commercial property acquisition in Chennai's prime location.