Announcement under Regulation 30 (LODR)
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Lancer Container Lines' board, at its June 23, 2025 meeting, approved several leadership changes effective June 24, 2025. Ms. Vijayshri Krishnan was appointed as a new Independent Director for a 5-year term, while Mr. Suresh Babu Sankara's second term as Independent Director ended. Promoter Mr. Abdul Khalik Chataiwala was re-appointed as Managing Director for 1 year. Mr. Sumit Sadh, already an Executive Director, was additionally appointed as CEO. Existing CEO Ms. Shruthi Rajiv Nair resigned to head one of the company's subsidiaries, holding 2,073 shares. All board committees were reconstituted in line with these changes.
The CEO transition is internal and orderly, with Shruthi Nair moving within the group to a subsidiary role, suggesting no disruption to operations. Re-appointment of the promoter as MD maintains leadership continuity, while the new Independent Director appointment strengthens board oversight.