Lancer Container Lines Limited, a prominent player in the container logistics industry, has announced significant changes to its leadership team following a board meeting on October 20, 2025. The company has made two strategic appointments, strengthening its executive and compliance capabilities.

New Executive Director Appointment

Ms. Heena Imran Shaikh has been appointed as an Additional Director in an executive capacity. Her appointment, subject to shareholder approval, is for a term not exceeding three years. Ms. Shaikh brings a wealth of experience to the role:

• Educational Background: MBA with a specialization in Finance
• Company Tenure: Joined Lancer Container Lines in 2014
• Current Roles:
  • Director of Worldwide Container Trading Private Limited (a 100% subsidiary of Lancer)
  • Director at Lancer Foundation
  • Heads container yard operations in Navi Mumbai

Ms. Shaikh's appointment is expected to enhance the company's container trading services and yard operations management.

New Company Secretary and Compliance Officer

In a move to strengthen its corporate governance and compliance framework, Lancer Container Lines has appointed Ms. Gauri Datta Gaikwad as the Company Secretary and Compliance Officer, effective October 20, 2025. Ms. Gaikwad's profile includes:

• Qualifications:
  • Qualified Company Secretary
  • Bachelor's degree in Law (LLB) from Dr. Ambedkar College
  • BBA in Finance from Prerna College of Commerce
• Professional Experience: Previous roles at SBI Capital Markets, Morgan Stanley, and Deepak Variya & Associates
• Expertise: Corporate governance, SEBI compliance, investor grievance handling, and regulatory filings

Appointment Details

These appointments were recommended by the Nomination and Remuneration Committee and approved by the Board of Directors. The company expects these additions to the leadership team will contribute to its continued growth and compliance with regulatory requirements.

Lancer Container Lines Limited made this announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting commenced at 06:00 PM and concluded at 6:30 PM on the appointment day.

As the company continues to evolve its leadership structure, these appointments reflect Lancer Container Lines' commitment to enhancing its executive capabilities and maintaining strong corporate governance practices.

Lancer Container Lines Limited , a prominent player in the container logistics industry, has unveiled significant changes to its leadership structure and introduced an employee stock option plan, as approved at its 14th Annual General Meeting (AGM) held on September 18, 2025.

Key Leadership Changes

The company has implemented a series of high-profile appointments and changes in its top management:

• Chairman Emeritus Appointment: Mr. Abdul Khalik Abdul Kadar Chataiwala, who resigned from his position as Chairman & Managing Director, has been appointed as Chairman Emeritus to the Board.

• New Chairman and Managing Director: Mr. Praful Jain, previously serving as Whole-Time Executive Director, has been elevated to the role of Chairman and Managing Director. His appointment is for a three-year term, effective from August 12, 2025, to August 11, 2028.

• Chief Executive Officer: Mr. Sumit Sunil Sadh has been appointed as the new Chief Executive Officer of the company, effective June 24, 2025. Mr. Sadh brings over 40 years of experience in finance and accounting to his new role.

Board Composition and Governance

The AGM also saw changes in the company's board composition:

• Independent Director Re-appointment: Ms. Ameeta Ramesh has been re-appointed as an Independent Director for a second five-year term.

• New Independent Director: Ms. Vijayshri Anup Krishnan has been regularized as an Independent Director of the company.

Employee Stock Option Plan

In a move aimed at aligning employee interests with those of the company, Lancer Container Lines has approved the 'LANCER Employee Stock Option Plan 2025' (LANCER ESOP 2025).

Secretarial Auditors

M/s. Geeta Canabar & Associates, Practicing Company Secretaries, have been appointed as the Secretarial Auditors of the company for a five-year term from 2025-26 to 2029-30.

Shareholder Approval

All resolutions, including the leadership changes, board appointments, and the ESOP plan, were passed with significant majority support from shareholders. The voting results showed strong backing for the company's strategic decisions, with most resolutions receiving over 99% votes in favor.

These comprehensive changes mark a new chapter for Lancer Container Lines, potentially setting the stage for fresh strategies and growth initiatives in the coming years.