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 announced a major acquisition of UAE-based P K M General Trading L.L.C (PKMGT), which owns Indonesian logistics firm PT Map Trans Logistic. The deal is valued at Rs. 203.37 crore and will be paid entirely through a preferential issue of 10.28 crore equity shares at Rs. 19.77 each to the five sellers, who will collectively hold up to about 29% post-allotment. To facilitate this, the company is increasing its authorized share capital from Rs. 150 crore to Rs. 1,000 crore. Separately, Q2 FY26 consolidated revenue fell sharply to Rs. 93.67 crore from Rs. 202.09 crore a year ago, with profit after tax at Rs. 6.77 crore (vs Rs. 15.91 crore YoY).
Shareholders should note significant dilution as around 10.29 crore new shares are being issued, expanding the equity base by roughly 41% (from ~25 crore to ~35.4 crore shares). The acquisition adds Indonesia/UAE logistics reach and PT Map's strong Rs. 232 crore turnover, but weak Q2 results and large dilution may pressure the stock in the short term.