Lancor Holdings Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showing a challenging performance across key financial metrics. The Chennai-based real estate company's Board of Directors approved these results at their meeting held on February 12, 2026.

Standalone Financial Performance

The company's standalone operations reflected significant pressure during the third quarter of FY26. Revenue from operations declined substantially, while profitability was impacted by various operational challenges.

For the nine-month period ended December 31, 2025, the standalone performance showed even more pronounced challenges with the company reporting a net loss of ₹234.68 lakhs compared to a profit of ₹825.65 lakhs in the corresponding period of the previous year.

Consolidated Results Overview

The consolidated financial results, which include the parent company and its subsidiaries, presented a mixed picture with some improvements in quarterly losses.

Exceptional Items and Corporate Developments

During the quarter, the company recorded exceptional items amounting to ₹27.47 lakhs. This was attributed to the impact assessment of the new Labour Codes notified by the Government of India on November 21, 2025, which consolidated 29 existing labour laws into four comprehensive codes.

The company made significant progress in its corporate restructuring initiatives. The Board had previously approved a Scheme of Merger with its wholly-owned subsidiary, Lancor Maintenance and Services Limited, and filed the application with the National Company Law Tribunal on February 2, 2025.

Equity and Capital Structure Updates

Lancor Holdings continued to strengthen its capital base through various initiatives:

• Employee Stock Options: Allotted 5,55,000 equity shares of face value ₹2 each, increasing paid-up capital by ₹11.10 lakhs and securities premium by ₹211.34 lakhs
• Warrant Issue: Following shareholder approval, issued 33,33,330 warrants at ₹30.00 per warrant on April 26, 2025, amounting to ₹999.99 lakhs
• Current Paid-up Capital: ₹1,471.01 lakhs as of December 31, 2025

Operational Expense Analysis

The company's expense structure showed varied trends across different categories. While some costs were controlled, others reflected the challenging market conditions and operational adjustments required for the business.

Total expenses for Q3FY26 stood at ₹3,430.34 lakhs compared to ₹4,403.60 lakhs in Q3FY25, showing a decrease of 22.10%. The major expense categories included cost of materials and construction expenses at ₹1,863.02 lakhs, finance costs at ₹495.87 lakhs, and other expenses at ₹544.15 lakhs.

The results were reviewed by the Audit Committee and received limited review from statutory auditors G.M. Kapadia & Co., Chartered Accountants, ensuring compliance with regulatory requirements under SEBI Listing Regulations.

Lancor Holdings Limited has secured a decisive legal victory as the Supreme Court of India dismissed a review petition challenging the company's ownership of its commercial property Menon Eternity. The court's ruling on February 4, 2026, reinforces the company's property rights and marks the closure of a significant litigation matter.

Supreme Court Ruling Details

The Hon'ble Supreme Court of India dismissed Review Petition bearing Diary No. 68807 of 2025 in Civil Appeal Nos. 10074 and 10075 of 2024 during its hearing on February 4, 2026. The review petition was filed by Prem Kumar Menon against Lancor Holdings Limited regarding the commercial property named Menon Eternity located at St Mary's Road.

Background of the Dispute

The litigation centered around the validity of Sale Deeds registered in favor of Lancor Holdings for their portion in the commercial building Menon Eternity. The Supreme Court had previously ruled on October 31, 2025, confirming that these Sale Deeds were valid and lawful, thereby establishing the company's rightful ownership and its ability to freely deal with the property.

Impact on Company Operations

The dismissal of the review petition has several positive implications for Lancor Holdings:

• Continued Possession: The company remains in possession of the Menon Eternity property
• Operational Freedom: Lancor Holdings can freely deal with the property in any manner deemed fit
• Legal Certainty: The litigation is now considered closed in all respects
• Ownership Confirmation: The company's rightful ownership has been definitively established

Company's Response

Lancor Holdings has accepted the Supreme Court's order and considers the litigation matter completely resolved. The company filed its compliance disclosure on February 5, 2026, in accordance with Regulation 30 of the SEBI Listing Regulations, providing complete transparency to stakeholders about this significant legal development.

Regulatory Compliance

The company has fulfilled its disclosure obligations under SEBI regulations, providing detailed information about the court proceedings and their impact. This includes compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and Schedule III of the Listing Regulations.

With this favorable Supreme Court ruling, Lancor Holdings has successfully defended its property rights and can now focus on its business operations without the uncertainty of ongoing litigation regarding the Menon Eternity commercial property.