Lancor Holdings Limited — QIP/Rights/Pref., 28-03-2025: Preferential issue

The Board has approved issuing up to 33,33,330 Convertible Warrants to select promoters at a price of Rs. 30/- each, totaling Rs. 9.99 Crores, pending shareholder approval. Additionally, Mr. V K Ashok has been re-designated as Designated Director – Special Projects and Innovations, effective 28th March, 2024. The Board will convene an Extraordinary General Meeting on 26th April, 2025, to seek shareholder approval for the warrants. The company is also moving forward with several redevelopment projects, including Lancor Ananya and Lancor Avighna, which are expected to generate significant margins. This strategic move could enhance capital and operational capacity, offering a potentially positive outlook for shareholders.