Lancor Holdings Limited — Others, 03-04-2025: Shareholders meeting

Lancor Holdings Limited is set to hold an Extraordinary General Meeting on 26th April 2025 to discuss a proposal for issuing up to 33,33,330 fully convertible warrants to its promoters at Rs. 30 per warrant, raising a total of approximately Rs. 10 crores. The funds raised will primarily improve liquidity and address working capital needs. The proposed allotments include 4,00,000 warrants to Shekar Viswanath Rajamani and 29,33,330 to Shyamala Shekar. This step is likely to enhance the company's financial strength, reflecting a positive outlook for investors, as it aims to bolster operational capacity.