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.

Lancor Holdings , a prominent player in the real estate sector, has made a significant move in the debt market. The company's Board of Directors has given the green light for the issuance of Non-Convertible Debentures (NCDs) worth Rs 150 crore through private placement, marking a strategic financial decision for the firm.

Key Details of the NCD Issuance

The approved NCDs come with several notable features:

Issuance Strategy and Repayment

Lancor Holdings plans to issue these NCDs in tranches over time, allowing for flexibility in their capital raising process. The company has outlined a structured repayment plan, which includes a 6-month moratorium period followed by 8 equal quarterly installments.

Risk Mitigation and Investor Protection

To safeguard investors' interests, the company has incorporated certain protective measures:

1. The debentures are secured, providing a layer of protection for investors.
2. A penalty clause of 3% has been included for payment delays exceeding three months, encouraging timely repayments.

Redemption Strategy

Lancor Holdings has specified that the redemption of these NCDs will be facilitated through proceeds from asset sales. This approach aligns the company's debt repayment strategy with its asset management plans.

Regulatory Compliance

The company has meticulously adhered to regulatory requirements, providing detailed disclosures as mandated by SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the recent SEBI circular dated July 13, 2023.

Conclusion

This strategic move by Lancor Holdings to raise Rs 150 crore through NCDs reflects the company's proactive approach to capital management. The high interest rate of 16.5% may indicate the company's strong need for capital, possibly for expansion or ongoing project financing. Investors and market watchers will likely keep a close eye on how Lancor utilizes these funds and manages the relatively high-cost debt in the coming years.