Lancer Container Lines Ltd

AGM Details

• 15th AGM held on 29 Sep 2026 at 4:00 PM IST via VC/OAVM.
• 54 members attended, representing 20,74,11,168 equity shares.
• Cut-off date for voting entitlement: 22 Sep 2026.
• Remote e-voting window ran 24 Sep 2026 09:00 IST to 28 Sep 2026 17:00 IST.
• Meeting duration: 4:00 PM to 4:39 PM.

Key Resolutions

• Ordinary: adopt standalone financial statements for year ended 31 Mar 2026.
• Ordinary: adopt consolidated financial statements for year ended 31 Mar 2026.
• Ordinary: reappointment of Sumit Sadh as director (retires by rotation).
• Special: shift registered office outside local limits, within same ROC jurisdiction.

Voting Results

• Voting results to be declared after Scrutinizer’s Report.
• Results will be placed on company and Bigshare websites and submitted to BSE.

Other Governance Notes

• AGM conducted through VC/OAVM under MCA/SEBI guidelines.

Lancer Container Lines Limited: Trading window to remain closed from Thursday, October 1, 2026 until 48 hours after the unaudited results for the quarter and half year ended September 30, 2026 are approved by the Board and filed with the Stock Exchange

Cyber fraud incident details

• Nature of fraud: impersonation via fraudulent WhatsApp profile of MD instructing payments.
• Estimated financial impact: ₹53,00,000, subject to investigation and recovery.
• Transaction details: ₹33,00,000 and ₹20,00,000 transferred on Sept 10, 2026.
• Impact on operations: no disruption to business operations identified.
• Actions taken: recall and freezing of beneficiary accounts; complaint filed with Cyber Police, Navi Mumbai.
• Ongoing investigation and regulatory reporting to stock exchange as required.

Financials

• Standalone revenue from operations ₹5,850.66 lakh; down 84.99% YoY.
• Standalone EBITDA negative ₹1,673.39 lakh.
• Standalone PAT ₹80.02 lakh.
• Consolidated revenue ₹39,402.66 lakh; down 43.64% YoY.
• Consolidated EBITDA ₹56.56 lakh; margin compressed.
• Consolidated PAT ₹563.14 lakh.
• EPS (consolidated) ₹0.21; standalone ₹0.03.
• Standalone operating cash flow ₹2,161.23 lakh; consolidated ₹1,093.09 lakh.
• Dividend for FY2025-26: none declared.

Capital structure & equity actions

• Authorised capital raised to ₹1,000 crore at 13-Dec-2025 EGM.
• Feb 19, 2026: preferential allotment of 10,28,69,409 shares at ₹19.77; ₹2,03,37,28,220.
• Mar 31, 2026 paid-up capital ₹176.63 crore (35,32,63,718 shares).
• Post July 20, 2026: 1,85,18,518 more shares issued; paid-up ₹185.89 crore; 37,17,82,236 shares.

Business developments & subsidiaries

• Acquired PKM General Trading LLC on 19-Feb-2026; PKMGT becomes wholly owned.
• PT Map Trans Logistic becomes step-down subsidiary via PKM General Trading LLC.
• As of 31-Mar-2026, 11 subsidiaries; post-year, 13 subsidiaries.
• Entry into Indonesia via PKM-related structure; expanded UAE presence.

Governance & risk management

• Vijayshri Krishnan appointed Independent Director on 24-Jun-2025.
• Heena Shaikh appointed Executive Director on 20-Oct-2025.
• Sumit Sadh appointed CEO on 12-Feb-2025; regularised 24-Jun-2025.
• Suleyman Emre ceased MD 18-Sep-2025; Praful Jain became Chairman & MD.
• Ameeta Ramesh reappointed Independent Director at AGM 18-Sep-2025.
• Board meetings held: nine; committees aligned with Regulations.

Audit, controls & compliance

• Statutory Auditor: Praneti Yadav & Co; unqualified opinion.
• Internal controls framework in place; three lines of defense; annual audit plan approved.
• Secretarial Auditor: Geeta Canabar; some observations re: timing and a step-down subsidiary incident.
• GST/Tax disputes under appeal; no provision recognized for GST demand.

Outlook & risks

• Medium-to-long term logistics outlook favorable; diversified network supports growth.
• Geopolitical tensions and freight/fuel volatility remain key risk drivers.
• Strategy to deepen profitable trade lanes; strengthen Middle East and SE Asia presence.
• Technology, data visibility, and working-capital management to support execution.

CSR, dividends & disclosures

• CSR thresholds not met for FY2025-26; CSR report not required; Lancer Foundation active.
• Dividend policy on website; communications via e-voting and annual report per MCA/SEBI guidance.

Acquisition overview

• Target: Lancer Container Lines Limited.
• Disclosing party: Suleyman Emre and PACs; promoter group.
• Transaction type: Acquisition of voting shares.
• Pre-transaction holding: 11,18,63,145 shares, 31.67% voting rights.
• Shares acquired: 1,85,18,518 (4.98%).
• Mode: Preferential Allotment.
• Date of allotment: July 20, 2026.
• Post-transaction holding: total 13,03,81,663 shares, 35.07%.
• Post-holding – Suleyman Emre: 10,75,90,616 shares (28.94%).
• Post-holding – Tarannum Emre: 1,25,15,975 shares (3.37%).
• Post-holding – Fauzan Abdul Khalik Chataiwala: 18,61,872 shares (0.50%).
• Post-holding – Badoor Textiles L.L.C.: 84,13,200 shares (2.26%).
• Equity share capital before: Rs. 1,76,63,18,590; after: Rs. 1,85,89,11,180.
• Total diluted capital after: Rs. 1,85,89,11,180 (37,17,82,236 shares).

Trading approval details

• Trading approval granted for 18,518,518 promoter shares issued at face value Rs 5 with Rs 5.80 premium.
• Effective Aug 28, 2026, these securities are listed on the Exchange.

Listing approval details

• BSE approves listing of 1,85,18,518 equity shares to promoters on a preferential basis.
• Shares have face value Rs 5 and are issued at Rs 5.80 premium.
• Total proposed issue: 1,85,18,518 promoter shares.
• Approval date: August 19, 2026; no other governance changes disclosed.

Board actions

• Unaudited results approved by Board with unmodified Limited Review opinions.
• Quarter ended June 30, 2026.
• Shifting of registered office subject to member approval via Special Resolution.

Financial highlights (Consolidated)

• Consolidated revenue ₹13,188.25 lakh in Q1 FY2026-27, up from ₹10,708.69 lakh YoY.
• EBITDA ₹1,129.23 lakh; up from ₹690.41 lakh YoY.
• PBT ₹551.48 lakh; from ₹(396.77) lakh YoY.
• PAT ₹524.11 lakh; from ₹(461.56) lakh YoY.
• Basic/Diluted EPS ₹0.15; YoY ₹(0.13).
• QoQ revenue: ₹13,188.25 lakh vs ₹13,886.61 lakh; EBITDA ₹1,129.23 vs ₹867.75.
• QoQ PBT ₹551.48 lakh vs ₹1,124.33; PAT ₹524.11 lakh vs ₹1,090.45; EPS ₹0.15 vs ₹0.31.

Office shift and approvals

• Registered office shift from Belapur to Navi Mumbai; outside Belapur limits but within Maharashtra; requires Special Resolution.

Regulatory filings

• Independent Auditor's Review reports on consolidated and standalone results; no material misstatement identified.
• Results will be uploaded on BSE and company website.
• Annexures I-III enclosed: press release and reviews.