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 December 13, 2025, via video conferencing from 4:00 p.m. to 4:20 p.m., with 43 members attending. Six directors, the CFO, and the Company Secretary were present. Three resolutions were tabled for shareholder approval: (1) the appointment of Ms. Heena Imran Shaikh (DIN: 08835188) as Executive Director (ordinary resolution), (2) an increase in the company's authorised share capital along with a corresponding amendment to the Capital Clause of the Memorandum of Association (ordinary resolution), and (3) the issue of equity shares on a preferential basis for consideration other than cash, meaning a share swap (special resolution). Remote e-voting ran from December 10 to December 12, 2025, and in-meeting e-voting was kept open for 15 minutes after the meeting ended. The voting results and the Scrutinizer's Report will be filed with BSE separately once finalised.
Shareholders should watch the upcoming voting results closely: the preferential share-swap issue could lead to dilution or a change in the promoter/strategic shareholder mix, and the authorised capital hike signals that more fundraising or share-based deals may follow. The new Executive Director appointment also indicates a possible leadership addition at the board level.