Lancor Holdings Limited has informed regarding Disclosure of material issue
LANCORHOL · price
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Lancor Holdings Limited has announced the sale of its 10th floor (Northern Wing) in the Menon Eternity building located at St. Mary's Road, Alwarpet, Chennai. The property covers an area of 10,339 square feet. The company has received the full sale consideration for this transaction. This disclosure is made under SEBI's Regulation 30 for material information. The transaction represents a one-time asset sale and does not appear to involve any ongoing business restructuring.
This is a routine real estate transaction for the company and likely has minimal impact on stock price unless the proceeds are significant relative to company size. Shareholders should note this as a one-off asset monetisation event.