Please find enclosed intimation with respect to increase in Authorised Share Capital of the Company and consequential alteration to Clause V (a) of Memorandum of Association of the Company.
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Lancer Container Lines' board, on November 14, 2025, approved three key items: Q2 FY26 results, a sharp increase in authorised share capital from Rs. 150 crore to Rs. 1,000 crore (face value Rs. 5 per share), and the acquisition of UAE-based P K M General Trading LLC (PKM GT) and its Indonesian subsidiary PT Map Trans Logistic. The acquisition, valued at Rs. 203.37 crore, will be paid entirely through a preferential issue of about 10.29 crore equity shares at Rs. 19.77 per share to the five sellers. PKM GT will become a wholly owned subsidiary, giving Lancer a stronger footprint in UAE and Indonesia. Q2 FY26 consolidated results, however, were weak — revenue fell to Rs. 93.67 crore from Rs. 202.09 crore YoY, and PAT dropped to Rs. 6.77 crore from Rs. 15.91 crore YoY.
The acquisition expands Lancer's geographic reach into Indonesia and the UAE via a non-cash deal, but existing shareholders face significant dilution as ~10.29 crore new shares will be issued. Weak Q2 numbers (revenue more than halved YoY) raise concerns about core business momentum ahead of the deal closing in 3-5 months.