Lancer Container Lines Allots 1.85 Cr Shares to Promoter via Loan Conversion

Lancer Container Lines Ltd announced the allotment of 1,85,18,518 fully paid-up equity shares of face value Rs. 5/- each at an issue price of Rs. 10.80/- per share to Suleyman Emre, a promoter. This allotment is a preferential issue made by way of conversion of existing unsecured loans availed by the company from the allottee. The total issued, subscribed, and paid-up share capital has increased to Rs. 1,85,89,11,180/- comprising 37,17,82,236 equity shares. The board meeting where this was approved commenced at 12:00 p.m. (IST) and concluded at 12:25 p.m. (IST) on July 20, 2026.