Lancer Container Lines Ltd — Results, 11-06-2025: Result

Lancer Container Lines Limited has announced a board meeting on its audited financial results for the quarter and year ended March 31, 2025. The Board approved the standalone and consolidated results with an unmodified auditor’s opinion. A secretarial auditor, M/s. Geeta Canabar & Associates, has been appointed for five years, subject to shareholder approval. The Board took note of a fraud involving approximately AED 89,040 committed by the former CEO of its subsidiary Argo Anchor Shipping Service LLC; investigation and legal actions are underway. The company reported a standalone net profit of INR 1.84 Cr and consolidated net loss of INR 32.44 Cr for the year.