Ref: 129/SECT/BSE/2016-17

Date: 12.11.2016
To
The General Manager
Department of Corporate Services
Bombay Stock Exchange Limited
PJ Towers, Dalal Street,
Mumbai 400001
Dear Sir / Madam,
Sub
Ref

: Outcome of the Board Meeting

: Reg. 30(1)(2)(3) and under 4(h) of Para A of Part A Schedule III of SEBI (LODR)

Regulations 2015

We wish to inform you that, the Board of Directors at their meeting held on
12th

November,

2016

inter

alia

have

approved

the

Unaudited

(Standalone/Consolidated) Financial Results of the Company for the Quarter and

Half Year ended 30 September 2016.
We herewith enclosing the Unaudited Standalone and Consolidated Financial
Results of the company for the Quarter and Half Year ended 30 September 2016
as approved by the Board of Directors.
Kindly take the information on record.
Thanking you,
Yours faithfully,
For and Behalf of LANCOR HOLDINGS LIMITED

Dr. V. Rajesh
Company Secretary and Compliance Officer
Date: 12.11.2016

Lancor Holdings Limited

VTN Square, 2nd Floor, No: 58 (Old No.104), G.N. Chetty Road,
T.Nagar, Chennai 600017.
+91 44 2834 5880 83| www.lancor.in
CIN: L65921TN1985PLC049092

tArucon
FUTURE-READY

Disclosure of Assets and Liabilities as per Regulation 33(3Xf) ot SEBI (Listing Obligations & Disclosure Requirements)
Regulations, 20'15 as on September 30,2016

Shareholders' funds

(a) Share capital

(b) Reserves and surplus
(c) Money received against share waffants
Sub-total - Shareholders' f unds
2 Share

810.00

810.00
12.536.27

12,770.81

810.00
'13,968.92

application money pending

3 Minority interest

5.07

Non-current liabilities
(a) Long-term borrowings
(b) Deferred tax liabilities (net)
(c) Trade Payable
(d) Other long{erm liabilities
e) Long-term provisions
- Non-current liabilities

8,172.16

5,173.73
4.16
231.25
699.03
56.95

8.946.'16

5,498.83

6 460.56

7 571 22

38S.13

703.24
5.277.34
841.58

4.901.00
55.62

,2A4.74

5,951.45

12,329.74

253.01

250 73

37.02

7.71

4.73

52.0'1

31 .37

'164.06

45.54

30 00

30 00

30 00

30 00

'1,107.58

88.04
25,063.41
1,374.0S

4,922._84

169.07
149.5'1

54 82

265.S4
,414.95
71.33

307 97
1,751 95

565.63

Current liabilities
a) Short-term borowings
) Trade payables
c) Other cuffent liabilities
d) Short-term provisions
- Current liabilities

3,657.05
708.30

TAL - EQUITY AND LIABILITIES

4,931.81

11

) Goodwill on consolidation

c) Non-current investments
d) Defered tax assets (net)
e) Long-term loans and advances
Trade Receivables
) Other non-current assets

1,002.'13
16,303.36
c) Trade receivables
d) Cash and cash equivalents
e) Shortlerm loans and advances
(f) Other curent assets
Sub-total - Current assets
TOTAL - ASSETS

16,406.2'1

955.30

1,183.77

23.87

24,317 27

5.37

1,293.57
437.31

5,265.24

4,350.24

658.88

'196.18

2AO.29

1S6.1 B

'133.60

210.82
200.29

Place:Chennai

Date

November 12,2016

For LANCOR HOL

{ho.^t'",rro

lJ^rJ-.-'--t

FTV"SH EKAR

Lancor

old

VIN Sq .a,e. 2n0 | oor. No. 58 (0ld [ro.

T. Nagar. Chennai -

clN

Dii3ct:r

ings Limited
Chetty Road

600017. +91 44 2834 5880 - 83 r u/ww.lancOr.

165921 TNl 985P1C049092

G. M. I(APADIA & co.

(REGtSTERED)

CHARTERED AC

CO

UNTANTS

74, P M- TOWER,37, GREAMS ROAD, CHENNAI 600 006. INDIA

PHONESI

''

(91 44) 2A29 779s / 4214 z39o

Limited Review Report on the Unaudited Consolidated Financial Results

for the quarter/half year ended on September 30, 2016

To the Board of Directors

Lancol Holdings Limited

Chennai

L We have reviewed the accompanying statement ofunaudited consolidated financial results

of Lancor Holdings Limited ('the Company') for the quafter/half year ended on
September 30,2016. This statement is the responsibility of the Company's Management
and has been approved by the Board of Directors. Our responsibility is to issue a report on
these financial statements based on our review.
2.

The statement includes the results ofthe following entities:

(i) Lancor Guduvanchery Developments Limited, (ii) Lancor Sriperumbudur

Developments Lifirited, (iii) Lancor Maintenance & Services Limited, (iv) Lancor Egatoor
Subsidiaries:

Developments Limited

Joint Ventures: Central Park West Venture

')-

We conducted our review in accordance with the Standard on Review Engagement (SRE)
241 0, "Review of Interim Financial Information Performed by the Independent Auditor of
the Entity" issued by the Institute of Charlered Accountants of India. This standard
requiies that we plan and perform the review to obtain moderate assurance as to whether
the financial statements are free of material misstatement. A review is limited primarily to
inquilies of company personnel and analytical procedures applied to financial data and

thus provide less assurance than an audit. We have not performed an audit

and

accordingly, we do not express an audit opinion.

4.

We did not review the statement of unaudited financial results of one subsidiary whose
unaudited financial results reflect total revenues for the quafter and half year ended on
September 30,2016 are Rs. 113.56 lakhs and Rs. 226.36 lakhs respectively and total
assets are Rs. 1006.70 lakhs as at September 30,2016. The interim financial results ofthis
subsidiary hav"e been reviewed by other auditor whose reporl has been furnisl,ed to us, and
onl opinion insofar as it relates to the amounts included in respect of the entity, is based
solely on the reports ofthe other auditor.

5.

Based on our review conducted as stated above and based on the consideration of the
repolts ol the other auditors referred to in paragraph 4 above, nothing has come to our
attention that causes us to believe that the accompanying statement of unaudited

OFFICES: MUMBAI. NEW DELHI. IAIPUR. HYDERABAD & BENGALURU

G.

M. KAPADIA

&

co.

consolidated financial results prepared in accordance with the Accounting

Standards
specified under section 133 of the companies Act, 2013 read with Rule
7 of the
companies (Accounts) Rures 2014 (as amended) and other accounting principles
generally accepted in India and other recognised accounting practices and policies
has not
disclqsed the inlormation required to be disclosed in terms of Regulation
33 of the

and Exchange Board of India (Listing obligations and Disclosure

Requirements) Regulations, 2015 incruding the manner in which it is to be
disclosed, or
that it contains any material misstatement.
Securities

6.

Emphasis of Matter

a)

without qualifying our opinion, we draw your attention to note no. 3 to the unaudited
consolidated financial results relating to circumstances which have been
considered
for deteimining the period for capitalization of borrowing cost.

b) we

draw attention to note no. 4 regarding pending litigation relating to one of the
commercial propedy accounted as fixed assets having carrying value (written
down
value) of Rs. 35,7 6,40,\93.

For M/s G.M. KAPADIA & CO

Chartered Accountants
Firm Registration No. 104767W

Place: Chennai
Dated: November 12, 2016

ffim

A.;r#

ril,9
Satya Ran jan Dhall

partner
(Membership No : 214046)

rArucoR
Fi]TLJR-

UNAI)DTTED CONSOLIDATED

FINANCIAL RESTJI-TS FOR THtr QUARl'fR / HA LF YEAR ENDED SEPTf,MAf,R ]0.

20

REAL]Y

I6
lRS,IN LAKH)

CONSOLIDATION

NO,

Nel Sal6 / In.ome trod opendonr

:.4?734

Ioral INoN rrom oDemlions (neo

l.t0l0l

1,530 35

5.t72 t5

2.42144

r lrd, CostolMaeiral
Ch

ses in

mp loyee benefi

D.p.eciaiion

d Construdion xpcnsd

nrqrones offinshdd gods, worknn-

h expense:

ed Anon6

ahdn expens

t?3I

6
215 55

llt

ll56l

t3

1p15,72

/{L.s)

fmm Opemrions bcfon oih.r

n.onq fiMn.c rons ,nd er.epriondircm (l

Prolil

3.353.01

-:)
t,152 02

h olil / (Lo$) from ordnxuy a.(iriri6 befoE

FiDme co$s (rcfs.oc 2)

I,t t0

52

I,0,13

l5

2,t25

t4

Prolil /(Lo$) lroh drdirary adividor !fier fi

:oi:

bur

P,!fii

befoE.t.eprid xl llefts(5+6)

LItB

(t

- Expendirurd /

(lnone)

$) frofl Ordimry Activilies blore .ai

1,911,21

33t.61

lJ?3.51

22t 66

(?l] 2t
\et Profit/(L0$) nom Ordnra'f, Adrides afr.r

irrtr(Ne ofTa.

rl

r\pmse R5

t.ll9.t3

N,l

:norleriod ltems (Ner olExpensc)

t4 Ner Prolir /

(Ldt

for rb. pfliod (11 + l2l

shee olprcnr / (lo$) of 6socia..s*

022
Ner

Prolir / (L.ss) rftcr

rleq mnbiq

inrc,$t md shIT ofprofir/(los) of

Pad

)9
19i

uD Equ,ry

Shee Captral (FaceValueRs.2/

each)

R.seN$ Excludnia Revaluaron Reserys 6 per

Balsce Sheer ol DrevioE acmunnq !w

I t,922 79

EMMg Per Slwe (belbG extr&rdnary rlem - nor

173

173

Emns

Per Shse (aner

exraordrnalr treru.nor

t73

z1)

For LANCOR

Lanco r Hold ings Limited

VTN Squars,2nd Floor.

I
C

Nagar, Chennai -

No.58 (0 d No. 104), G.N. Chetty Road

600017.

+91

lN: 165921 TN 1 985 P1C049092

44 2834 5880 - 83 r www lancorin

INGS-LIMITED

rAucoR
READY

{OTEST
ludrlou have cdied our linnied reuew ol rhe ftsutrs lor dre qudEr dded Sepcmber jO,

? Ihe

Fmece

.ctuse

6$"

{!rde senrl no 6) rciudes momr cap,tal'zed 6

nvetuory ol lin'shed s6ds, wrl
progr6s dd sk r
'n
'n

value The audibG hdve Elied upon

muagenhi\

pd

20

l6

oi Rdrk in progress

tade.,uder

L\e head

Elalrcn to propei.y dev.topmdi achtly

'n
Expenss {selial number 2(b))

Inre.e$

md

drc group is

pnmeily opemrs in Indi3. ir N ms dEred

onrpoy h6 iled

a pen

quaneft yed\ fiere h6

rnate edgraghical seEnenr

been rcgbuped or

renmeed wherd

ever nsessary !o

contorn b dosd ot curdr period

For LANCOR

KP'^S
9{cxry1o, )e

w#,

Lancor Holdings Limited

VTN Square,2nd Floor,
Nagar, Chennai -

N0.58 (0id No. 104), G.N. Chetty Road

600017. +91 44 2834 5880 - B3 I www.lanc0r.in

CIN: 165921 TN1 985 PlC049092

od

ioh in HonouBb te H

n Jont vedrures dnonfiedundc.secdonllloldreConpmresAcr,20ll,readroaerherwlihtule7oldeConpar6(Ac@unrs)Rutes.20l,1

Prevous

sbred below

ip

sanc

hd

bd

adtuned

opLnDn

comhercial Propeny o Med by lhe Conp my n lhe b uildrng Menot Eremlr" chetai The
'n
drc awdd dder strion ll or$eArbnraion d CorciLialion A . 1996 ud $e naner is pendns
In tesped ol

ftpodng

Leh Co

un ot

adr6 tb. sefng 6tde

G. M. KAPADIA &

CO

(REGISTERED)

CHARTERED ACCOUNTANTS
7A, P M. TOWER, 37, GREAMS ROAD, CHENNAI 600 006. INDIA
PHONES:

(91 ++) 2429 7795

/ 42742390

Limited Review Report on the Unaudited Standalone Financial Results

'
for the quarter/half year ended on September 30,2016

To the Board of Directors

Lancor Holdings Limited

1.

We have reviewed the accompanying statement of unaudited standalone financial results of

Lancor Holdings Limited ('the Company') for the quarter/half year ended on September
30, 2016. This Statement is the responsibility of the Company's Management and has been
approved by the Board of Directors. Our responsibility is to issue a repofi on these financial
starements based on our review.

We conducted our review in accordance with the Standard on Review Engagements (SRE)
2410, 'Review of Interim Financial Information performed by the Independent Auditor of
the Entity' issued by the Institute of Charlered Accountants of India. This standard requires
thal we plan and perform the review to obtain moderate assurance as to whether the
financial statements are lree of material misstatement. A review is limited primarily to
inquiries of Company personnel and analytical procedures applied to financial data and thus
provide less assurance than an audit. We have not perlormed an audit and accordingly, we
do not express an audit opinion.
J.

Based on our review conducted as stated above, nothing has come to our attention that
causes us to believe that the accompanying statement of unaudited standalone financial
results prepared in accordance with the Accounting Standards as per section 133 of the
Companies Act, 2013, read with Rule 7 of the Companies (Accounts) Rules, 2014 (as
amended) and other accounting principles generally accepted in India and other recognised
accounting practices and policies has not disclosed the information required to be disclosed
in terms of Regulation 33 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which
it is to be disclosed, or that it contains any material misstatement.

4.

Emphasis ol Matter

a) Without qualifying our opinion, we draw your attention to note no. 5 to the unaudited
standalone financial results relating to circumstances which have been considered for
determining the period for capitalization of borrowing cost.

b) We draw attention to note no. 4 regarding pending litigation relating to one of the
commercial property accounted as fixed assets having carrying value (written down
valrre) oI Rs. i5.76.40.1q].

For G. M. KAPADIA & CO.

Chartered Acgountants

(-2*\.) "

Resistration No.

f("n.""o, )?

Date : November 12.2016

&>*/""9

104767W

t&S'C
Rfj6f

Satya

A/s

Place: Chennai

Dhall

Partner
Membership No:214046

OFI.ICES: MUMBAI. NEW DELHI. JAIPUR. HYDERABAI) & BENGALURU

rAucoR
FIJTURE-REiIl]Y
NAT]

ITED STANDALON E FINANCIAL Rf,SU LTS FOR THE QI]ARTf,R / HALF YEAR f,NDIiD 3OIh SEPTCMB!R IU I6

IRS,IN LAKHS)
sR.
NO.

r)Ne' SJi6 / lnan,e

Share

tror tr

Optr.r

06

olftonr,Lo$ rron Pdersh'p Fih

where

(r5 r5)

(0 r3l

(:0

431

Io..lltuome from otsmrioN {ne0

a Ldd.

Co* of Marenal od Consrucrion lxpenses

Chdsds

E m p

Loyee bene

Deprc(jal

oflinshedAodr, work

nvenrones

(9.1931

'n

lirs e&e6Es

o' Md Amodisarion e\peNes

1.122.1t

Prolil /{ra$) lmn Opemlio i b.ron oiher

n.ome, finan.e .ons xnd erceDlion"l ilenN l1-

213

3:

l2t

),332.sr

2J

l.25l5t

1,|712

P'rfi t/(Lo$) 6or ordnDry idivirics bcfoE

linsnc..ods rnd.r..nrinral h.Ds /r + ri
Frarce Coss (.ei* nde 2)

(ljs)

Prolil /

l.6t62t

from ordnw] .diriries rfter fi

liems Expendnure / (ln6de)

Excepnonal

Pmfil / (Los)

Iro

Orditury Adivities befoft re!

1,061,3S

l:l 5l

214

2l

(55 55'

i\el Prolit / (Ldrt f'on O'1lnja,a A.rivirier ancr

y,lens (Net olTd
Pnor Perod rcms (Ner

expense

Rs Nil)

olExpeiss)

NetProfit /(Los)rorlhnriod(ll+12)
shde orp.onr / (los)

olasft iare+

\ci P.olil/(ri$)

tr

leren

hd

l3

Prid-uo

tar.s! nrinoirr

shar. ofprofi./(los) of

mso.j.rd(13+ r{
t7

I,l20,,tt

531.6t

+ 15)

lqu,ly ShEc

l,l20..tl

CaDiial (Fa.e

vrlue Rs 2/- e.drl

lx.luding Reva]uaion Rderycs s pe.

ldMce Sh.elof preqous accoudns yed
teseryes

E.ni.g

Per

Shre (before exraordin,Jy nenN , nor

211

tlt
Eming Per Shae

(!n* exrs.d'daa rtenE

nor

l3l

125

lt

t25

5t

LIMITED

"C-*v----.
\- n.v.
sHex,cR
Oirsctor

Lancor Holdings Limited

VTN Square,2nd Flo0r,
T. Nagar, Chennai

No.58 (0ld No. 104), c.N. Chetiy Road

-600017.

+91 44 2834 5880 -

CIN: 165921TN1 985P1C049092

83

wwv/.iancor.in

tAucon
FUTURE-READY
INVESTOR COMPLAINTS
sl,

Podins Al lhe Begmms offie Quaner

NiL

'l

NiL

!@soived d

dre End oI the

Qdd

NiL

The above stalmml hs bs rcviewed by lhe audit @.nn* st dren n4ols beld on Io I I20l6
audiroB haw ouied out limiled levi.w offie res'ib for de quans sded Sep@nbd 30, 2016

The

lin e@sl

''chss.

(vide serial ho 6) includes

in inventory

ollnished

86n' wrk

sd

app@ved by

he Boed ofDtrab6 at lhct netings held on 12.II2016 r1le

doul capitllized 6 pM of mrk i pog@$ i. relarion lo propeny developme.t

pDsrs ds@kinrade md drehd Er" s6 Gen,l number 2(b)

acntry 6 stlled below @d ine sme h6 been idjBled in

in

516,4
'Ilte

s&ltur

572,45

Conpdy petirid paying fq nsge! of t*! olou qtblly oMed subrdrdB nmely rm6r Cuduvdcherry Detrlopme.rs Limited &d
b6 bddd addined by tE horcumble Hish Coud ol Jldicatue ofMad6. Final hdins in lhis hder is aut.d

Snpetombud( Developmen6 Lrmired

with fie Conpary

In respect ofcommercial Propeny oMed by $e Compuy in n\e blildins Mdon llemiv n Ch@ai. The Compsy
L\e awd uder section 14 of de Arbfation sd Conciliarion Ac! I 996 &d lne maner is pend ing.
The

slo*doM

b.iioMs 63t

in prcpeny

delelopncnl

etivir d

incurcd dunns such penod

plor of

lod

al

filed

npermbudur 6peci.lly due drop in detdd is @nsidere'l 6

endie p@ject is cap'lalized.

prepd.rory worl cdied oui for intsden developndt dd ndldr

hs

val ue

ne

Previous

Darc: I 2in Nolember,

20

of prcpeny, ner realisanle

v6l ue

i. c6e

Lancor Holdings Limited

WN Square, 2nd tloor, No. 58 (0ld No. 104), G.N. Chetty Road

Nagar, Chenna: -

CIN: 165921TN

600017. +91 44 2834 5880 - 83 I www.lancor.in

985 P1C049092

pd

oa

por ecrs

Hmurable Hh Coun ofMadd for

of oprarinc cycle n rhe real esre

r

vriou teto6

senrns

6ide

sedor Accord' ngly $e

b de*lopmmr including
udenaten lor deverop menl w u ld be hisher rho rrs bek

6sue h6 been rcsroupen or rerMged {,iere ever nBssry lo onfom b n\ose ol cuddr penod

petilion in

mMasenor is of de oprio. nba! haqna @nsidersd

audrioft have relied upon msagement's opinion

qdeat y@\

retatus

vat

ue Thr