Lancor Holdings Limited has successfully secured the release of a commercial property following a favorable order from the Delhi High Court. The company disclosed this significant development in a regulatory filing dated January 27, 2026, pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Court Order Details

The Hon'ble High Court of Delhi at New Delhi issued an order on January 22, 2026, directing the Official Liquidator to release possession of the commercial property to Bank of India. The court order was uploaded to the court website on January 27, 2026.

Property Background

The commercial property was originally acquired by Lancor Holdings through an e-auction conducted by Auction Tiger under the instructions of Bank of India's Asset Recovery Branch, New Delhi. The property holds strategic importance as it is located one floor below the company's registered office in Chennai.

The legal proceedings involved Deutsche Trustee Company Limited versus Tulip Telecom Limited. During the litigation process, the Sale Certificate issued in favor of Lancor Holdings was initially stayed by the Presiding Officer of the Debt Recovery Tribunal (DRT), Delhi. However, this stay was subsequently lifted, and the property was registered in the company's name.

Court Proceedings and Resolution

In the recent court application CO.APPL. 967/2024, Bank of India sought directions for the Official Liquidator to release the property. The Standing Counsel for the Official Liquidator stated that they had no objection to the release, considering their previous statement before the DRT that the property belonged to Golf Technologies Pvt. Ltd., and not to the company in liquidation.

The court allowed the application and ordered the release of the property, with possession to be handed over to Bank of India by February 15, 2026. The Official Liquidator has been given time to remove any moveable assets of the company in liquidation before the handover.

Impact on Company Operations

According to the company's disclosure, this development will have several positive impacts:

• Enhanced working space for staff, management, customers, and visitors
• Improved work efficiency through better space utilization
• Reduction in ongoing litigation costs

The company has confirmed its acceptance of the Delhi High Court's order and stated it will take all necessary steps as per the court's directions to complete the possession transfer process by the stipulated deadline.

Lancor Holdings Limited has announced an expansion of its real estate portfolio, highlighting its strategic focus on the growing senior living market and premium urban developments. The company's latest initiatives and financial performance underscore its commitment to diversification and growth in the Indian real estate sector.

Launch of Harmonia Pavilion Senior Living Apartments

Lancor Holdings has successfully launched its Harmonia Pavilion Senior Living Apartments project in Sriperumbudur, receiving extensive media coverage across multiple channels. This development is part of a larger 90-acre gated community and features:

• 110 apartment units
• Part of the 'Lancor Town Country' project
• Targeted at the senior living market

The launch of Harmonia Pavilion comes as the organized senior living market is projected to grow significantly by 2030. This expansion aligns with the increasing demand for specialized housing solutions for India's aging population.

Portfolio Diversification

Lancor's strategic expansion extends beyond senior living, encompassing:

1. Premium urban homes
2. Suburban developments
3. Strategic suburban growth projects

This diversified approach allows the company to cater to various segments of the real estate market, potentially reducing risk and capturing growth opportunities across different demographics and locations.

Financial Performance and Restructuring

Lancor Holdings has reported financial growth:

*Projected

The company has demonstrated year-over-year revenue growth, with projections indicating continued performance through FY2027. Additionally, Lancor is planning a turnaround with debt restructuring, which may further strengthen its financial position.

Market Outlook

The expansion into the senior living segment is noteworthy given the market dynamics:

• India's population aged 60+ is expected to reach 190-195 million by 2030
• The organized senior living market could potentially reach around INR 64,500 crore by 2030
• Southern states, including Tamil Nadu and Chennai, are emerging as key hubs for senior living communities

Lancor's strategic moves position it to potentially capitalize on these demographic trends and market opportunities.

Conclusion

Lancor Holdings' latest developments, including the successful launch of the Harmonia Pavilion project and its broader portfolio expansion, reflect a strategic approach to the evolving real estate market in India. The company's focus on senior living, coupled with its presence in premium urban and suburban developments, suggests a comprehensive growth strategy. With reported financial performance, projections, and plans for debt restructuring, Lancor appears positioned to navigate the Indian real estate landscape effectively.

Investors and market watchers may keep an eye on Lancor's execution of these projects, its ability to meet the projected financial targets, and the outcomes of its debt restructuring efforts in the coming years.