Lancer Container Lines Announces Major Leadership Restructuring and Q1 Financial Results 6 days ago
Lancer Container Lines Ltd reported significant leadership changes and Q1 FY2025-26 financial results. Mr. Praful Jain promoted to Chairman and Managing Director, while Mr. Abdul Khalik Abdul Kadar Chataiwala transitions to Chairman Emeritus. The company faced a substantial decline in revenue and profitability, with Revenue from Operations dropping 83.36% to INR 1,801.57 lakh and a loss of INR 362.94 lakh for the quarter. The downturn is attributed to geopolitical tensions and trade disruptions. The 14th Annual General Meeting is scheduled for September 18, 2025.
Lancer Container Lines Eyes Mediterranean and European Expansion, Considers Turkey Office Mar 17, 2025
Lancer Container Lines Eyes Strategic Expansion into Mediterranean and European Markets Mar 13, 2025