Supreme Court Rules in Favor of Lancor Holdings Ltd in Menon Eternity Case: Potential Market Value Increase of ~190 Crores and Estimated Annual Rental Income of ~12 Crores

In a recent development, Lancor Holdings Ltd has received a favorable judgement from the Hon'ble Supreme Court in the Menon Eternity case. The case involved a Joint Development Agreement (JDA) for the development of land belonging to the Menons. The Company completed the commercial building named Menon Eternity, and as per the JDA, 50% of the built-up area devolved on Lancor. However, a dispute arose between the parties which led to arbitration and subsequent proceedings in the Hon'ble High Court of Madras. The matter was then taken to the Hon'ble Supreme Court of India. The Company's internal assessment and reference to prevailing market information indicate that the indicative current market value of the said property is expected to be around 190 crores, subject to market conditions and independent valuation. Furthermore, 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.