BSE Limited has granted trading approval for 10,28,69,409 equity shares of Lancer Container Lines Ltd issued on a preferential basis to non-promoters. The shares, which carry a face value of ₹5 each and were issued at a premium of ₹14.77 per equity share, will be listed on the exchange effective from July 3, 2026. This approval allows the new securities to be traded, increasing the company's equity base.

The approval was communicated via a letter bearing reference number LOD/PREF/VJ/52/2026-2027 dated July 2, 2026. The securities bear distinctive numbers ranging from 250394310 to 353263718. The intimation was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the Issue

The following table outlines the specifics of the preferential allotment:

The company has enclosed a copy of the trading approval letter for record purposes. Jinal Thakkar, Company Secretary & Compliance Officer, signed the intimation on July 3, 2026.

Lancer Container Lines Limited has secured shareholder approval to issue equity shares on a preferential basis for the conversion of outstanding unsecured loans. The resolution was passed via a postal ballot conducted through remote e-voting, which concluded on June 10, 2026. This approval allows the company to convert its outstanding unsecured debt into equity, a move that will alter its capital structure.

The voting process was managed by M/s. Geeta Canabar & Associates, with Ms. Geeta Canabar serving as the scrutinizer. The remote e-voting period commenced on May 12, 2026, and ended on June 10, 2026. A total of 118,868,759 votes were polled, representing 47.47% of the total outstanding shares on the record date of May 8, 2026.

The resolution received strong support from the promoter and promoter group, which cast 111,863,145 votes in favour, representing 100% of their holdings. Public institutions also supported the resolution with 5,780,096 votes in favour. However, public non-institutions showed a split, with 50.25% voting in favour and 49.75% voting against the proposal.

Voting Results Summary

The special resolution was passed with the requisite majority, as 99.49% of the total valid votes cast were in favour. The scrutinizer's report confirms that there were no invalid votes recorded during the process. The results have been submitted to BSE Limited and are available on the company's website.