Lancor Holdings Limited — QIP/Rights/Pref., 13-06-2025: Allotment of Securities

Lancor Holdings allotted 33.33 lakh fully convertible warrants to promoters at Rs. 30 each, raising Rs. 9.99 Cr (with 25% upfront). Warrants convert 1:1 into equity shares within 18 months. Promoter Shekar Viswanath Rajamani got 4 lakh, and Shyamala Shekar received 29.33 lakh warrants. No immediate change in paid-up capital, but full conversion will boost promoter holding to about 23.4-23.8%. This capital raise signals stronger promoter commitment, with possible equity dilution once warrants convert.