Please find enclosed intimation.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors of Lancer Container Lines Limited has approved the issuance of up to 1,85,18,518 fully paid-up equity shares of face value ₹5 each at an issue price of ₹10.80 per share, aggregating to ₹20 crore. The shares are proposed to be allotted to Mr. Suleyman Emre (a Promoter) by conversion of existing unsecured loans availed by the Company from him. Post-allotment, the Promoter's shareholding will increase from 25.21% to 28.94%. The issuance is subject to approval of shareholders via a postal ballot special resolution and other regulatory approvals.
The preferential allotment will dilute existing shareholders' stakes. The promoter increasing their holding signals confidence, but the ₹20 crore equity raise reduces per-share book value. Shareholder approval is needed before execution.