The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Miju Kattukaran & Others
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Lancer Container Lines received SAST disclosures from four non-promoter individuals — Miju Kattukaran Antony, Prafulla Kumar Jha, Muhammed Noufal Balliyod, and Naeema Cheruvanthan Kandy — each acquiring 2,46,88,658 equity shares (6.99% each) through a Preferential Allotment on February 19, 2026. Combined, the four acquirers picked up roughly 27.96% of the expanded share capital. As a result, the company's equity base grew from 25.03 crore shares (₹125.20 crore) to 35.33 crore shares (₹176.63 crore), a ~41% expansion. None of the acquirers belong to the promoter/promoter group, and all are based in the U.A.E. Each acquirer's holding sits at exactly 6.99%, deliberately just below the 10% open-offer trigger threshold.
This is a significant capital infusion from foreign non-promoter investors, but each holding is structured just below the 10% takeover trigger, so no open offer obligation arises. Shareholders should note meaningful equity dilution (~41%) and that a sizeable strategic block now sits with these four UAE-based allottees, which could influence future control or consolidation moves.