Lancor Holdings Limited — Important, 28-03-2025: General Updates

The Board of Directors has approved the issue of up to 33,33,330 Convertible Warrants on a preferential basis, requiring shareholder approval. Each warrant is convertible into one fully paid-up equity share at a price of ₹30, raising a total of approximately ₹10 Crore. Additionally, Mr. V.K. Ashok is re-designated to the role of Designated Director – Special Projects and Innovations. An Extraordinary General Meeting (EGM) is set for 26th April to seek approval for the warrant issue. The company is progressing with significant redevelopment projects expected to generate healthy margins, which indicates growth potential. This strategic move may foster a positive outlook among investors, signaling operational expansion and innovation capabilities.