Merger27 May 2026, 01:47 pm
Lancor Holdings: Merger of Lancor Maintenance Approved
AI Summary
Lancor Holdings Ltd. announced that the National Company Law Tribunal, Chennai Bench, has approved the scheme of merger between Lancor Maintenance & Services Limited, a wholly-owned subsidiary, and Lancor Holdings Limited. The certified order was received on May 27, 2026, with the appointed date for the scheme being April 1, 2024. The scheme will be effective upon filing the order with the Registrar of Companies, Chennai. The turnover of Lancor Maintenance & Services Limited is NIL, while Lancor Holdings Limited's turnover is ₹1,05,41,96,709 as of December 31, 2025.
Key Highlights
- NCLT Chennai approves merger of Lancor Maintenance with Lancor Holdings.
- Effective date of the merger is contingent on filing with Registrar of Companies.
- Merger aims to consolidate business, improve efficiency, and reduce costs.
- No cash consideration or share exchange involved in the merger.
- Lancor Holdings' turnover was ₹1,05,41,96,709 as of December 31, 2025.
Price Impact
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