Lancer Container Lines Limited has announced that its board of directors will meet on Friday, May 29, 2026. The meeting has been convened to consider and approve the financial results for the period ended March 31, 2026.

Agenda for the Meeting

The board will deliberate upon the standalone and consolidated unaudited or audited financial results of the company. These results pertain to the fourth quarter and the full financial year ending March 31, 2026.

Regulatory Compliance

The intimation regarding the board meeting has been issued in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This follows a previous intimation dated March 26, 2026, concerning the closure of the trading window.

Key Details

Lancer Container Lines has informed BSE Limited of the outcome of its Board of Directors meeting held on Monday, May 11, 2026, at its registered office in CBD Belapur. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was signed by Company Secretary and Compliance Officer Jinal Thakkar. Subsequently, on May 12, 2026, the company published newspaper advertisements in Financial Express (English) and Navakal (Marathi) confirming the completion of dispatch of the Postal Ballot Notice, in compliance with Section 110 of the Companies Act, 2013, read with Rule 22 of the Companies (Management and Administration) Rules, 2014.

Board Approves Preferential Issue to Promoter

The Board of Directors approved the issuance of up to 1,85,18,518 (one crore eighty-five lakh eighteen thousand five hundred and eighteen) fully paid-up equity shares of face value ₹5/- each, at an issue price of ₹10.80/- per equity share, on a preferential basis. The allotment is proposed to Mr. Suleyman Emre (formerly known as Abdul Khalik Abdul Kadar Chataiwala), a person belonging to the Promoter Category of the company. The total issue size aggregates to ₹20,00,00,000/- (Rupees twenty crores only). The issuance involves conversion of existing unsecured loans availed by the company from the proposed allottee into equity shares, in accordance with the Companies Act, 2013, and Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The proposal is subject to shareholders' approval by way of a special resolution through postal ballot, along with such other statutory and regulatory approvals as may be required.

Key Details of the Preferential Issue

The following table summarises the key parameters of the approved preferential issue as disclosed under Regulation 30 of the Listing Regulations:

Pre and Post-Allotment Promoter Shareholding

As a result of the proposed preferential allotment, the shareholding of the proposed allottee in Lancer Container Lines is expected to change as follows:

Postal Ballot and Remote E-Voting Details

The Postal Ballot Notice dated Monday, May 11, 2026, was dispatched on Monday, May 11, 2026, through electronic mode only, to those members whose names are recorded in the Register of Members or in the Register of Beneficial Owners maintained by the depositories as on the cut-off date of Friday, May 8, 2026. The Postal Ballot Notice is available on the company's website at www.lancerline.com , on the BSE Limited website at www.bseindia.com , and on the website of Bigshare Services Private Limited at https://vote.bigshareonline.com/ .

The business set out in the Postal Ballot Notice will be transacted through electronic voting (remote e-voting) only, with necessary arrangements made with Bigshare Services Private Limited. The Board of Directors has appointed Ms. Geeta Canabrar from M/s Geeta Canabrar & Associates, Practicing Company Secretaries, as the scrutiniser to scrutinise the remote e-voting process in a fair and transparent manner. The results of the remote e-voting, along with the scrutiniser's report, shall be declared on or before Friday, June 12, 2026, and communicated to BSE Limited. The key e-voting timelines are as follows:

Trading Window Closure

In accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the securities of Lancer Container Lines is already closed from April 01, 2026. The closure will remain in effect until 48 hours after the unaudited or audited financial results for the quarter and financial year ended March 31, 2026, are approved by the Board of Directors and filed with the stock exchange. The trading window closure is applicable to Promoters, Directors, Key Managerial Personnel, Designated Persons of the Company, and their immediate relatives.

The intimation was submitted by Jinal Thakkar, Company Secretary and Compliance Officer (ACS: 70547), from Navi Mumbai, on behalf of Lancer Container Lines Limited.