Lancor Holdings Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 07, 2015, inter alia, has considered and approved the amalgamation of Lancor Guduvanchery Developments Limited (a wholly owned subsidiary) and Lancor Sriperumbudur Developments Limited (a wholly owned subsidiary) with the Company on the basis of the recommendations received from the Audit Committee of the Board which has examined the draft Scheme and accordingly recommended that the said Scheme in the best interest of the shareholders, creditors and other stakeholders. Upon the coming into effect of this Scheme, since both the Transferor Companies are wholly owned subsidiary of the Transferee Company, no equity shares or other shares of the Transferee Company shall be allotted in lieu or exchange of holding of the shares in the respective Transferor Company by the Transferee Company and the share capital of the Transferor Company shall stand cancelled and extinguished with that of the investment of the Transferee Company without any further act or deed with effect from the Appointed Date i.e. April 01, 2015. The Scheme is subject to requisite consent/ approval of the lenders, creditors of the Company, and sanction of the Hon'ble High Court of Judicature at Madras and the permission or approval of any other statutory or regulatory authorities under the provisions of all applicable laws as may be necessary for the implementation of the Scheme. Lancor Holdings Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 24, 2016, inter alia, have considered and approved the following business: 1. Pursuant to the approval of Board at their meeting held on May 07, 2015 the Company has filed the Petition before the Hon'ble the High Court Judicature at Madras for approval of the scheme of amalgamation of M/s Lancor Guduvanchery Developments Limited and M/s. Lancor Sriperumbudur Developments Limited (Wholly owned subsidiaries) with Company. (As per BSE Announcement dated 24.03.2016) We wish to inform you that the Hon'ble Madras High Court has approved the Scheme of Amalgamation of Lancor Guduvancherry Developments Limited (LGDL - Transferor - 1) and Lancor Sriperumbudur Developments Limited (LSDL - Transferor - 2) with Lancor Holdings Limited (LHL - Transferee) vide order dated 03.01.2017. Subsequently the company received the certified true copy of the order on 13.02.2017. We would also like to inform you that our company (Lancor Holdings Limited - Transferee) has filed the aforesaid Court order through appropriate e-forms with the Registrar of Companies (ROC), Chennai on 28.02.2017. Consequently, the abovementioned companies' viz., Lancor Guduvancherry Developments Limited (LGDL) and Lancor Sriperumbudur Developments Limited (LSDL) stand merged with Lancor Holdings Limited w.e.f. 28.02.2017 (As per BSE Announcement dated on 03.03.2017)