Please find enclosed intimation with respect to issue of shares on preferential basis for consideration other than cash.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Lancer Container Lines' board, at its November 14, 2025 meeting, approved the acquisition of Dubai-based P K M General Trading L.L.C and its Indonesian subsidiary PT Map Trans Logistic by issuing 10.29 crore equity shares at Rs. 19.77 each (face value Rs. 5), aggregating to a purchase consideration of Rs. 203.37 crore paid entirely in stock rather than cash. To enable this, the board also raised the authorised share capital from Rs. 150 crore to Rs. 1,000 crore. The company simultaneously reported weak Q2 FY26 consolidated results, with revenue falling sharply to Rs. 93.67 crore from Rs. 202.09 crore a year ago, though profit after tax of Rs. 6.77 crore returned to positive territory from a small loss in Q1 FY26. The acquisition is aimed at strengthening presence in Indonesia (a major hub for cashew nuts, palm oil, and spices) and the UAE, where PT Map reported turnover of about Rs. 233 crore in calendar year 2024.
Existing shareholders face significant dilution of roughly 40-45% as about 10.29 crore new shares will be issued against the current ~25 crore share base. While the acquisition brings Indonesia and UAE reach plus a sizeable logistics asset, the steep year-on-year revenue decline and the heavy share-based payment (Rs. 203 crore via stock) may weigh on the stock in the short term until accretion is demonstrated.