Lancor Holdings Limited — Others, 23-04-2025: Corrigendum

Lancor Holdings Limited has issued a corrigendum to the notice for the Extraordinary General Meeting scheduled for 26th April 2025. The update highlights changes in the explanatory statement regarding the issuance of fully convertible warrants to promoters on a preferential basis. The total estimated utilization of issue proceeds amounts to Rs. 99.99 crore, allocated for project payments, working capital, and general corporate purposes. Key changes include updated shareholding details and monitoring protocols for fund utilization, with the Audit Committee overseeing the process. This amendment could enhance transparency and investor confidence, presenting a potentially positive outlook for stakeholders.