Please find enclosed notice of the 1st Extraordinary General Meeting of the Company for the financial year 2025-26 to be held on Saturday, December 13, 2025 at 4:00 pm (IST) through Video ....
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Lancer Container Lines has called its 1st EGM for FY 2025-26 on Saturday, December 13, 2025 at 4:00 PM via video conferencing. Three resolutions will be voted on through e-voting (voting window: December 10–12, 2025; cut-off date: December 5, 2025). 1. Appointment of Ms. Heena Imran Shaikh (DIN: 08835188, age 33, MBA in Finance) as Executive Director for 3 years from October 20, 2025 to October 19, 2028. She currently heads the container yard operations and oversees Lancer's 100% subsidiary Worldwide Container Trading Private Limited. 2. Increase in authorised share capital from Rs. 150 crore to Rs. 1,000 crore (divided into 200 crore equity shares of Rs. 5 each), requiring alteration to the Capital Clause of the Memorandum of Association. 3. Issue of 10,28,69,409 (10.29 crore) equity shares at Rs. 19.77 per share (total consideration of about Rs. 203.37 crore) on a preferential basis to 5 non-promoter allottees, as consideration other than cash (share swap) for acquiring the entire paid-up equity share capital of P K M General Trading L.L.C.
The preferential issue at Rs. 19.77/share will lead to meaningful equity dilution for existing shareholders, though the shares will be subject to SEBI-mandated lock-in. The acquisition of P K M General Trading L.L.C. is being funded entirely through a share swap, so no cash leaves the company. If approved, this will expand the group's business footprint and signal a growth-led acquisition strategy, while the new Executive Director brings operational continuity from within the existing subsidiary structure.