Lancor Holdings Limited has informed the Exchange that Board has approved the Appointment of M/s. A. Mohan Kumar & Co. as Secretarial Auditor of the company subject to the approval of members of the company at the ensuing Annual General meeting for a term of 5 consecutive years commencing from Financial Year 2025-26 to 2029-30
LANCORHOL · price
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Lancor Holdings' board approved unaudited standalone and consolidated results for Q1 FY26 (quarter ended June 30, 2025). Standalone revenue from operations rose to Rs. 3,943 lakhs from Rs. 3,517 lakhs a year ago, but profit after tax plunged to Rs. 38 lakhs from Rs. 290 lakhs, with EPS falling to Rs. 0.05 from Rs. 0.41. Consolidated PAT dropped sharply to Rs. 11.59 lakhs (vs Rs. 290 lakhs). The 40th AGM is scheduled for September 23, 2025, with September 16, 2025 fixed as the record date for the FY25 final dividend. The board also appointed M/s. A. Mohan Kumar & Associates as Secretarial Auditor for five years (FY26–FY30), subject to shareholder approval. The auditor flagged an emphasis-of-matter regarding pending litigation on a commercial investment property carrying value of Rs. 2,816 lakhs.
Revenue grew year-on-year but profitability collapsed, with Q1 PAT down nearly 87% standalone and 96% consolidated — a negative signal for near-term earnings. Shareholders should watch the AGM for dividend confirmation, while the ongoing property litigation worth Rs. 2,816 lakhs remains a key risk overhang.