ImportantDisclosure of material issue
LANCOR Holdings (LANCORHOL) has sold its 10,339 square feet office space on the 10th floor (Northern Wing) of the Menon Eternity building in Chennai.
Lancor Holdings LimitedLANCORHOL · Filed with the exchange
The company has received the full sale consideration. **What is the issue (event):** The company has completed the sale of a commercial property. **Possible impact:** This transaction brings in cash, which can strengthen the company's liquidity, potentially be used for debt reduction, or fund future operational or strategic initiatives.
It represents a divestment of a non-core or specific asset. **Company’s response:** The sale itself is the company's action to monetize an asset and receive cash consideration.
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