2025-11-06 11:10:45
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Stock Report
Lancor Holdings Ltd to reap benefits from Supreme Court verdict on civil case
Posted On : 2025-11-01 20:02:07( TIMEZONE : IST )
A Joint Development Agreement (JDA) was executed for development of the land belonging to the Menons and Lancor Holdings Limited, being the Respondents and Claimant respectively, before the Hon'ble Supreme Court of India.
The Company duly completed the commercial building named as Menon Eternity, whereby, as agreed in the JDA, 50% of the built-up area of the entire building together with car parks devolved on Lancor represented by all the areas in 2nd floor, 3rd floor, 4th floor, 5th floor and 50% area in the 10th Floor (Northern Wing) of the building. The remaining areas in the building being 6th floor, 7th floor, 8th floor and 9th floor and 50% of the 10th Floor (Southern Wing) devolved on the Respondents.
Dispute arose between the Claimant and the Respondents which led to an Arbitration and subsequent proceedings in the Hon'ble High Court of Madras. Aggrieved by the Order of the Hon'ble High Court of Madras, the matter was taken to the Hon'ble Supreme Court of India for adjudication. The appeal was allowed in favour of Lancor and the Judgement was pronounced yesterday, i.e., 31.10.2025.
The guideline value of the property is approximately ₹139 crores.
Based on the Company's internal assessment and reference to prevailing market information, the indicative current market value of the said property is expected to be around ₹190 crores. This assessment is subject to market conditions and independent valuation, if undertaken.
Further, based on prevailing commercial rental benchmarks, the property has the potential to generate an estimated annual rental income of approximately ₹12 crores, subject to lease finalisation, tenant profile, and commercial terms. The Book Value of the Property is Rs.28.34 Crores as on 31.03.2025.
Shares of LANCOR HOLDINGS LTD. was last trading in BSE at Rs. 27.42 as compared to the previous close of Rs. 22.85. The total number of shares traded during the day was 436720 in over 1598 trades.
The stock hit an intraday high of Rs. 27.42 and intraday low of 23.55. The net turnover during the day was Rs. 11811209.00.
