41st Annual Report of Lancor Holdings Limited for F.Y. 2025-26

Date: 03.09.2026 T o , Corporate Relationship Department, Manager - Listing Compliance BSE Limited, National Stock Exchange of India Limited Phiroze Jeejheebhoy Towers, ‘Exchange Plaza’. C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai – 532370. Mumbai - 400 051 Scrip Code : 509048 Symbol: LANCORHOL Dear Sir/Madam, Sub : Disclosure under Regulation 34(1) - Annual Report for the Financial year 2025-26 The 41st Annual General Meeting (“AGM”) of the Company is scheduled to be held on Monday, 28th September, 2026 at 11.30 AM through Video Conference (VC)/ Other Audio Visual Means (OAVM) in accordance with the relevant circulars issued by the Ministry of Corporate Affairs (“MCA”) and Securities and Exchange Board of India (“SEBI). Pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we enclose herewith the Notice of 41st Annual General Meeting along with the Annual Report for financial year 2025-26 which is also being sent through electronic mode to those members whose e-mail addresses are registered with the Company/ Registrar and Transfer Agent/ Depositories. The same is also available on the website of the Company at www.lancor.in . In compliance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), a letter is being sent to those shareholders, whose e-mail addresses are not registered with the Company or the Registrar and Share Transfer Agent or any of the Depositories or the Depository Participant(s), providing the web-link, including the exact path, where complete details of the aforesaid Annual Report are available. We request you to take the above on record. Thanking You, Yours Faithfully, For LANCOR HOLDINGS LIMITED KAUSHANI CHATTERJEE COMPANY SECRETARY & COMPLIANCE OFFICER Lancor HoLdings Limited CIN : L65921TN1985PLC049092 BOARD OF DIRECTORS Sl. No DIN Name of the Directors Designation 01. 00259129 Mr. R.V. Shekar Chairman & Managing Director 02. 01773791 Mr. S. Sridharan Non – Executive & Non – Independent 03. 01567080 Mr. S. Vasudevan Non – Executive & Independent 04. 08217157 Dr. Gowri Ramachandran Non – Executive & Independent 05. 08453883 Mr. K. Harishankar Non – Executive & Independent 06. 08719578 Mrs. Vinodhini Sendhil Manian Non – Executive & Independent KEY MANAGERIAL PERSONNEL Sl. No Name of the Person Designation 01. Mr. J. M. Chandrasekar Chief Executive Officer 02. Mr. K. Prakash Chief Financial Officer 03. Ms. Kaushani Chatterjee Company Secretary and Compliance Officer Stake Holders Nomination And Corporate Social Relationship Remuneration Responsibility Audit Committee Committee Committee Committee Name of the Person (AC) (SRC) (NRC) (CSR) Dr. Gowri Ramachandran Chairperson cum Chairperson cum Chairperson cum Chairperson cum member member member member Mr. K. Harishankar Member Member Member Member Mr. S. Vasudevan Member Member Member Member Mrs. Vinodhini Sendhil - - Member - Maninan STATUTORY AUDITORS SECRETARIAL AUDITORS INTERNAL AUDITORS M/s. G M Kapadia & Co M/s. A. Mohan Kumar & Associates M/s. VGJ & CO Chartered Accountants Practicing Company Secretaries Chartered Accountants 7A, PM Tower, 37, Greams Road, Flat F 1, Sudarsan Apartments 72, VGP No.3, 6th Floor, Apex Plaza, Chennai-600006 Selva Nagar Nungambakkam High Road, Second Main Road, Velachery Nungambakkam, Chennai 600 034 Chennai 600 042. BANKERS AND FINANCIAL INSTITUTIONS Registered and Corporate Office Sl. No Name of the Bankers 01. M/s. CSB Bank Limited “VTN Square”, 2nd floor, No: 58, 02. M/s. City Union Bank Limited G.N. Chetty Road, T. Nagar, Chennai – 600017. 03. M/s. LIC Housing Finance Limited Share Transfer Agent (STA) 04. M/s. IDBI Bank Limited Cameo Corporate Services Limited, 05. M/s. Axis Bank Limited “Subramanian Buildings” No: 1, Club House Road, Chennai – 600 002. 06. M/s. Sundaram Alternate Assets Limited 07. M/s. Sundaram Home Finance Limited Registered office: “VTN Square” No.58, G.N. Chetty Road, T. Nagar, Chennai-600 017 1 CIN : L65921TN1985PLC049092 Lancor HoLdings Limited Contents Pg. No. Mission Statement 3 Director’s Report 5 Financial Highlights 3 Management Discussion and Analysis Report 50 Financial Statements 62 Independent Auditor’s report – Standalone 62 Financial Statement – Standalone 73 Independent Auditor’s report – Consolidated 134 Financial Statement – Consolidated 144 Notice of AGM 205 CDSL e-Voting System – For Remote e-voting and e-voting during AGM Annexure(s) Description Pg. No. Annexure – 1 Secretarial Audit Report 17 Annexure – 2 Disclosure on Managerial Remuneration 22 Annexure – 3 Report on Corporate Governance 24 Annexure – 4 Compliance Certificate on Corporate Governance 49 Annexure – 5 Management Discussion and Analysis Report 50 Annexure – 6 Form – AOC – 1 (Extract of Financial Statement of Subsidiaries) 52 Annexure – 7 Form – AOC – 2 (Disclosure of Related Party Transactions (RPT) 54 Annexure – 8 MD and CFO Certification 55 Annexure- 9 Statutory Disclosures Regarding ESOP 57 Annexure-10 Annual Report on CSR Activities 60 2 Registered office: “VTN Square” No.58, G.N. Chetty Road, T. Nagar, Chennai-600 017 Lancor HoLdings Limited CIN : L65921TN1985PLC049092 MISSION STATEMENT To create profitable developments with enduring value with distinguishing characteristics leading to high customer satisfaction, with full compliance to building standards, rules and regulations. FINANCIAL HIGHLIGHTS OF LANCOR HOLDINGS LIMITED, ITS SUBSIDIARY AND INTEREST IN JOINT VENTURE – PARTNERSHIP FIRM (on consolidated basis) FINANCIAL HIGHLIGHTS (On Consolidated basis) (Amount in lakhs) S.No Particulars 2025–2026 2024–2025 2023–2024 2022–2023 2021–2022 1 CONSTUCTED AREA (SQ.FT) 2,48,215 2,90,418 3,60,671 2,30,313 94,340 2 CONSTUCTED AREA LINKED 2,30,089 3,17,057 2,20,865 2,12,108 2,33,822 TO SALES (SQ.FT) 3 INCOME FROM OPERATIONS 13,128.94 19,030.03 13,832.01 11,494.33 10,345.00 4 TOTAL INCOME 20,539.49 19,215.09 13,886.05 11,586.83 10,393.34 5 EBITDA 7,459.97 3,349.47 2,523.04 2,313.99 634.73 6 INTEREST 2,447.25 2,024.49 1,309.59 2,008.61 2,539.27 7 DEPRECIATION 359.21 305.39 175.82 211.08 166.66 8 TAX 608.44 552.52 362.97 128.22 (372.05) 9 NET PROFIT 4,045.07 467.09 674.65 (33.92) (1,699.15) 10 EQUITY SHARE CAPITAL 1,471.01 1,459.91 1,215.00 810.00 810.00 11 NETWORTH 23,933.12 19,569.40 13,711.19 13,066.51 13,094.97 12 TOTAL ASSETS 42,513.81 42,112.71 32,032.36 30,532.59 33,216.21 13 BOOK VALUE PER SHARE (Rs.) 32.54 26.81 22.57 32.26 32.33 14 TURNOVER PER SHARE (Rs.) 17.85 26.07 22.77 28.38 25.54 15 EARNINGS PER SHARE (Rs.) 5.50 0.64 1.11 (0.08) (4.20) 16 EBITDA/GROSS TURNOVER (%) 36.32% 17.43% 18.24% 20.13% 6.31% 17 ROCE (%) 23% 10% 14% 12% 2% Registered office: “VTN Square” No.58, G.N. Chetty Road, T. Nagar, Chennai-600 017 3 CIN : L65921TN1985PLC049092 Lancor HoLdings Limited FIVE YEARS AT A GLANCE FIVE YEARS AT A GLANCE Total Income 25,000.00 20,539.49 19,215.09 20,000.00 13,886.05 15,000.00 11,586.83 10,393.34 10,000.00 5,000.00 2021-22 2022-23 2023-24 2024-25 2025-26 Years 4 Registered office: “VTN Square” No.58, G.N. Chetty Road, T. Nagar, Chennai-600 017 shkaL Net Profit 5,000 4,045 4,000 3,000 2,000 675 467 1,000 -1,000 -2,000 -1,699 2021-22 2022-23 2023-24 2024-25 2025-26 Years shkaL 1.11 2 0.64 0 -0.08 -4.2 2021-22 2022-23 2023-24 2024-25 2025-26 Years FIVE YEARS AT A GLANCE Total Income 25,000.00 20,539.49 19,215.09 20,000.00 13,886.05 15,000.00 11,586.83 10,393.34 10,000.00 5,000.00 2021-22 2022-23 2023-24 2024-25 2025-26 Years shkaL Net Profit 5,000 4,045 4,000 3,000 2,000 1,000 -1,000 -2,000 -1,699 2021-22 2022-23 2023-24 2024-25 2025-26 Years shkaL 1.11 2 0.64 -0.08 -4.2 2021-22 2022-23 2023-24 2024-25 2025-26 Years FIVE YEARS AT A GLANCE Total Income 25,000.00 20,539.49 19,215.09 20,000.00 13,886.05 15,000.00 11,586.83 10,393.34 10,000.00 5,000.00 2021-22 2022-23 2023-24 2024-25 2025-26 Years shkaL Net Profit 5,000 4,045 4,000 3,000 2,000 675 467 1,000 -1,000 -2,000 -1,699 2021 [Showing first 8,000 characters — download PDF for full document]