Announcement under Reg 30(LODR) - update
LANCORHOL · price
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Lancor Holdings Ltd has sold the 10th floor (Northern Wing) of Menon Eternity building located at Alwarpet, Chennai. The sale covers 10,339 square feet and the company has received the full sale consideration. This disclosure is made under SEBI's Regulation 30 for Listing Obligations and Disclosure Requirements. The transaction appears to be a routine real estate asset sale rather than a major strategic restructuring.
This is a relatively minor one-time asset sale with limited impact on the company's financials or stock. Shareholders should note this as a routine disclosure unless the property represented a significant income-generating asset.