Date: 12th August, 2026

Board Meeting Outcomes

The Board of Directors in their meeting held on 12th August 2026 (commenced 3:30 PM, concluded 5:45 PM) considered and approved the following matters:

  • Approval of the Un-Audited Financial Results (Standalone and Consolidated) for the quarter ended 30th June 2026
  • Convening of the 41st Annual General Meeting (AGM) on Monday, 28th September 2026 at 11:30 AM (IST) through Video Conferencing/Other Audio Visual Means
  • Fixed 21st September 2026 as the Record Date for determining entitlement of members for payment of Final Dividend for Financial Year 2025-26
  • Reappointment of Mr. Srinivasan Vasudevan (DIN: 01567080) as an Independent Director for a second term

KMP / Board Changes

  • Mr. Srinivasan Vasudevan was reappointed as an Independent Director for a second term of five consecutive years from 13th November 2026 to 12th November 2031, subject to shareholder approval
  • Brief Profile: Mr. Vasudevan is a chartered accountant with over forty years of experience in Finance, Accounts & Real Estate. He has held leadership positions including Director (Operations) with Embassy Group, Chief Executive (Southern Region) with DLF Group, and Managing Director of a group company in SICAL
  • Relationship Disclosure: Mr. Vasudevan is not related to any of the Director or Key Managerial Personnel of the company

Dividend Declaration

  • The Board has fixed 21st September 2026 as the Record Date for determining entitlement of members for payment of Final Dividend for Financial Year 2025-26
  • The dividend payment is subject to approval of shareholders at the 41st Annual General Meeting

Financial Results (Standalone)

Quarter ended 30.06.2026 (Unaudited) vs Comparative Periods:

  • Revenue from operations: ₹4,323.59 lakhs (Q1 2025: ₹11,962.17 lakhs)
  • Other income: ₹1,912.49 lakhs (Q1 2025: ₹7,431.70 lakhs)
  • Total Income: ₹6,236.08 lakhs (Q1 2025: ₹19,393.87 lakhs)
  • Total Expenses: ₹4,100.45 lakhs (Q1 2025: ₹14,634.78 lakhs)
  • Profit before tax: ₹2,135.63 lakhs (Q1 2025: ₹48.04 lakhs)
  • Tax expense: ₹348.56 lakhs (Current tax: ₹356.72 lakhs, Deferred tax: ₹-8.16 lakhs)
  • Profit for the period: ₹1,787.07 lakhs (Q1 2025: ₹37.97 lakhs)
  • Other Comprehensive Income: ₹-0.39 lakhs
  • Total Comprehensive Income: ₹1,786.68 lakhs
  • Earnings Per Share (Basic & Diluted): ₹2.43 (Q1 2025: ₹0.05)
  • Paid up equity share capital: ₹1,471.01 lakhs (face value ₹2 each)

Financial Results (Consolidated)

Quarter ended 30.06.2026 (Unaudited) vs Comparative Periods:

  • Revenue from operations: ₹4,467.11 lakhs (Q1 2025: ₹13,128.94 lakhs)
  • Other income: ₹1,911.02 lakhs (Q1 2025: ₹7,410.55 lakhs)
  • Total Income: ₹6,378.12 lakhs (Q1 2025: ₹20,539.49 lakhs)
  • Total Expenses: ₹4,305.63 lakhs (Q1 2025: ₹15,861.01 lakhs)
  • Profit before tax: ₹2,072.50 lakhs (Q1 2025: ₹11.94 lakhs)
  • Tax expense: ₹341.96 lakhs (Current tax: ₹350.72 lakhs, Deferred tax: ₹-8.76 lakhs)
  • Profit for the period: ₹1,724.53 lakhs (Q1 2025: ₹11.59 lakhs)
  • Other Comprehensive Income: ₹-0.39 lakhs
  • Total Comprehensive Income: ₹1,724.14 lakhs
  • Earnings Per Share (Basic & Diluted): ₹2.35 (Q1 2025: ₹0.02)
  • Paid up equity share capital: ₹1,471.01 lakhs (face value ₹2 each)

Standalone Financial Results:

  • Auditor: G.M. Kapadia & Co., Chartered Accountants (Firm Registration No. 104767W)
  • Review conducted in accordance with Standard on Review Engagement (SRE) 2410
  • Unmodified review opinion - nothing came to attention causing belief of material misstatement
  • Note 3: Figures for comparative periods have been restated due to amalgamation of wholly owned subsidiary (Lancor Maintenance and Services Limited) with appointed date 1st April 2024, effective 3rd June 2026

Consolidated Financial Results:

  • Same auditor and review standards applied
  • Unmodified review opinion
  • Consolidated entities include: Lancor Holdings Limited, Central Park West Venture (Partnership firm), Lancor City Developer Limited (formerly Lancor Infinys Limited)

Operational & Strategic Disclosures

Amalgamation:

  • Scheme of Merger of Lancor Maintenance and Services Limited (wholly owned subsidiary) received NCLT Chennai approval
  • Appointed date: 1st April 2024, Effective date: 3rd June 2026
  • Accounted under 'pooling of interest method' as per Ind AS 103
  • All assets, liabilities, retained earnings and general reserves recognized at carrying amounts
  • Investment in LMSL equity adjusted with equity share capital, difference of ₹19.74 lakhs recognized as Capital Reserve
  • Authorized capital increased to ₹1,905.00 lakhs (95,300,000 equity shares of ₹2 each)

Warrant Issue:

  • Issued 3,333,330 warrants of ₹30.00 per warrant on 26.04.2025 amounting to ₹999.90 lakhs
  • Convertible into equity shares in ratio of 1:1 within 18 months from allotment date
  • Warrant holders paid 25% of issue price, balance 75% payable at time of conversion

Other Information

  • The company's business activity falls within a single business segment as per Ind AS 108
  • Financial figures for quarter ended March 31, 2026 are balancing figures between audited full year and published unaudited year-to-date figures
  • Results reviewed by Audit Committee and approved by Board of Directors on 12th August 2026