Please find enclosed intimation with respect to the proceedings of 1st Extraordinary General Meeting for the the financial year 2025-26 of the Company held on December 13, 2025.
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Lancer Container Lines held its 1st EGM of FY 2025-26 on Saturday, December 13, 2025, via video conferencing from 4:00 PM to 4:20 PM, with 43 members attending. Six directors, the CFO, and the Company Secretary were present along with the scrutinizer. Three resolutions were tabled: (1) appointment of Ms. Heena Imran Shaikh (DIN: 08835188) as Executive Director, (2) increase in Authorised Share Capital and corresponding amendment to the Capital Clause of the Memorandum of Association, and (3) issue of equity shares on a preferential basis in exchange for shares of another company (i.e., a share swap transaction). Voting was conducted via remote e-voting (December 10-12) and during the meeting, but final voting results and the scrutinizer's report will be shared separately with BSE.
The EGM covered significant corporate actions — a new executive director joining the board, a planned increase in authorised share capital, and a share-swap-based preferential allotment that could expand the shareholder base and bring in a new business/investor without cash outflow. Investors should await the scrutinizer's report and voting results to see if these proposals were approved.