Please find enclosed intimation under Regulation 30 of (LODR)- Preferential Issue
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.1 pts more than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Lancer Container Lines' board has approved issuing up to 1.85 crore equity shares at ₹10.80 per share (face value ₹5) to promoter Suleyman Emre, aggregating ₹20 crore. The shares will be issued by converting existing unsecured loans given by the promoter to the company. This requires shareholder approval via postal ballot. Post-allotment, the promoter's stake will increase from 25.21% to 28.94%.
Debt-to-equity conversion reduces company borrowings and strengthens balance sheet. The significant share issuance to a promoter increases their voting power and may dilute existing shareholders' stakes.