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.

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.

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.