Lancor Holdings Limited — Board Meeting, 28-03-2025: Outcome of Board Meeting

The Board of Directors has announced a board meeting with key outcomes including the approval for the issuance of up to 33.33 lakh convertible warrants on a preferential basis, subject to shareholder approval. The warrants can be converted into equity shares at a price of Rs. 30 each, aggregating up to Rs. 10 crore. Additionally, Mr. V K Ashok has been redesignated as Designated Director – Special Projects and Innovations. An Extraordinary General Meeting (EGM) will be convened to seek shareholder approval for the preferential issue on April 26, 2025. The board also noted updates on new projects, including redevelopment agreements with potential turnovers of Rs. 75 crore, Rs. 220 crore, and Rs. 150 crore, respectively.