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.

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.