Lancer Container Lines CEO, MD, chairman, board of directors and AGM
NSE: LANCERBSE: 539841Transport ServicesSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹10.42.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹381 Cr2,216th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 12 Aug 2026
- 24.5
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
- Shares changed
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 12 Aug 2026
- 2.6%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 12 Aug 2026
- −2.7%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 1 Jul 2026
- 0.04
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 2,80,21764.1% delivered
Lancer Container Lines board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorPraful Jain
- Chief executiveSumit Sunil Sadh
- Company Secretary and Compliance OfficerJinal Thakkar
6 directors3 independent3 executive
- Praful Jain · Chairperson and managing directorExecutive · joined Feb 2020 · 1 listed board
- Sumit Sunil Sadh · Chief executiveExecutive · joined Feb 2025 · 1 listed board · 1 committee seat
- Heena Imran ShaikhExecutive · joined Oct 2025 · 1 listed board
- Narayanan Moolanghat VariyamIndependent · joined Apr 2018 · reappointed Apr 2023 · 98 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
- Ameeta RameshIndependent · joined Aug 2020 · reappointed Aug 2025 · 70 months as independent · 1 listed board · 1 as independent · 2 committee seats
- Vijayshri Anup KrishnanIndependent · joined Jun 2025 · 12 months as independent · 1 listed board · 1 as independent · 2 committee seats
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
2 directors who left
- Abdul Khalik Abdul Kadar Chataiwala, left 18 Sep 2025: Others
- Suresh Babu Sankara, left 23 Jun 2025: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 29 May 20265 of 6 present3 independent · 17 days in between
- 11 May 20264 of 6 present1 independent · 41 days in between
- 30 Mar 20264 of 6 present1 independent
- 19 Feb 20264 of 6 present1 independent
1 earlier meeting
- 5 Feb 20265 of 6 present2 independent
Audit Committee
Chair Narayanan Moolanghat Variyam
Ameeta Ramesh, Vijayshri Anup Krishnan, Sumit Sunil Sadh
- 29 May 20264 of 4 present3 independent · 112 days in between
- 5 Feb 20263 of 4 present2 independent
Nomination and remuneration committee
Chair Narayanan Moolanghat Variyam
Ameeta Ramesh, Vijayshri Anup Krishnan
- 29 May 20263 of 3 present3 independent · 112 days in between
- 5 Feb 20262 of 3 present2 independent
Stakeholders Relationship Committee
Chair Narayanan Moolanghat Variyam
Ameeta Ramesh, Vijayshri Anup Krishnan
- 29 May 20263 of 3 present3 independent · 112 days in between
- 5 Feb 20262 of 3 present2 independent
Risk Management Committee
Chair Sumit Sunil Sadh
Praful Jain, Vijayshri Anup Krishnan, Heena Imran Shaikh
- 5 Jan 20263 of 3 present1 independent
Corporate Social Responsibility Committee
Chair Sumit Sunil Sadh
Praful Jain, Narayanan Moolanghat Variyam, Vijayshri Anup Krishnan, Heena Imran Shaikh
- 29 May 20264 of 4 present2 independent · 112 days in between
- 5 Feb 20264 of 4 present2 independent
Independent Directors Committee
Narayanan Moolanghat Variyam, Ameeta Ramesh, Vijayshri Anup Krishnan
No meeting listed in the filing.
Independent Directors Meeting
- 16 Mar 20263 of 3 present3 independent · 69 days in between
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Jun 2026.
- Praneti Yadav and CompanyPeer-review certificate valid to Apr 2028
1 earlier auditor
- Praneti Yadav & Co.Named in filings from Mar 2025 to Dec 2025
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Lancer Container Lines AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Lancer Container Lines dividend history
Annual general meeting, 29 Sep 2026
1,04,528 shareholders on the register on 22 Sep 2026; present: 3 promoters and 51 others; votes counted by Geeta Canabar / M/s. Geeta Canabar & Associates.The company's voting result (opens in a new tab)
- To consider and adopt the audited financial statements (standalone) of the Company for the financial year ended March 31, 2026, together with the Board's and Auditors' Reports thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 64.87% · promoters 100.00% · institutions 79.09% · other public 44.84%
- To consider and adopt the audited financial statements (consolidated) of the Company for the financial year ended March 31, 2026, together with the Auditors' Report thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 64.87% · promoters 100.00% · institutions 79.09% · other public 44.84%
- To appoint a director in place of Mr. Sumit Sadh (DIN: 02757766), who retires by rotation and being eligible, offers himself for re-appointment.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 64.87% · promoters 100.00% · institutions 79.09% · other public 44.84%
- Shifting of the Registered Office of the Company outside the local limits of the city but within the jurisdiction of the same Registrar of Companies.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 64.87% · promoters 100.00% · institutions 79.09% · other public 44.84%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.
Mutual fund votes, meeting of 10 Jun 2026, 1 fund house
- 1. Approval for Issue of Equity Shares of the Company on Preferential Basis upon Conversion of Outstanding Unsecured Loan1 for0 against
Mutual fund votes, meeting of 13 Dec 2025, 1 fund house
- 1. APPOINTMENT OF MS. HEENA IMRAN SHAIKH (DIN: 08835188) AS AN EXECUTIVE DIRECTOR OF THE COMPANY.
Against quant Mutual Fund
- quant Mutual FundPerformance concern: Over the last three quarterly earnings, cumulative revenue has dipped by over 39% and Profit have turned to negative INR -30cr over 9M 2025 from a positive INR 44cr over 9M 2024. Governance concern: The executive management, of which the proposed appointee is part of, has been unresponsive to our queries. Hence, we vote against the resolution.
0 for1 against - 2. INCREASE IN AUTHORISED SHARE CAPITAL OF THE COMPANY AND CONSEQUENT ALTERATION TO THE CAPITAL CLAUSE OF THE MEMORANDUM OF ASSOCIATION.
Against quant Mutual Fund
- quant Mutual FundWe queried the management over the details and documentation of the proposed acquisition, including the valuation report, but did not receive any response. Thus, we are unable to adequately evaluate the transaction. Hence, we vote against the related resolutions.
0 for1 against - 3. APPROVAL FOR ISSUE OF EQUITY SHARES OF THE COMPANY ON PREFERENTIAL BASIS FOR CONSIDERATION OTHER THAN CASH (SWAP OF SHARES).
Against quant Mutual Fund
- quant Mutual FundWe queried the management over the details and documentation of the proposed acquisition, including the valuation report, but did not receive any response. Thus, we are unable to adequately evaluate the transaction. Hence, we vote against the related resolutions.
0 for1 against
2 earlier meetings
Mutual fund votes, meeting of 18 Sep 2025, 1 fund house
1. To receive, consider and adopt: a.Audited Financial Statements of the Company for the financial year ended March 31st 2025 together with the Reports of Board of Directors and Auditors thereon. b. Audited Consolidated Financial Statements of the Company for the financial year ended March 31st 2025 together with the Report of Auditors thereon.MoreLess
1 for0 against- 2.To appoint a Director in place of Mr. Praful Jain (DIN: 08000808), Whole time Executive Director, who retires by rotation and being eligible, offers himself for re-appointment.1 for0 against
- 3. To Appoint Mr. Abdul Khalik Abdul Kadar Chataiwala as the ‘Chairman Emeritus’ to the Board.
Against quant Mutual Fund
- quant Mutual FundRelated to the appointments of Abdul Chataiwala as Chairman Emeritus and of Praful Jain as CMD. Performance concern: Under the leadership of the mentioned personnel, revenue recorded a sharp decline of over 20% year-on-year in Q4 FY25, and for the full year FY25, revenue was well below FY23 level of INR 837cr. EBITDA dropped by over 80% in FY25 to merely INR 16cr, and bottom line recorded a net loss.
0 for1 against - 4.To Change the Designation of Mr. Praful Jain (DIN: 08000808), Whole-Time Executive Director to Chairman and Managing Director of the Company.
Against quant Mutual Fund
- quant Mutual FundRelated to the appointments of Abdul Chataiwala as Chairman Emeritus and of Praful Jain as CMD. Performance concern: Under the leadership of the mentioned personnel, revenue recorded a sharp decline of over 20% year-on-year in Q4 FY25, and for the full year FY25, revenue was well below FY23 level of INR 837cr. EBITDA dropped by over 80% in FY25 to merely INR 16cr, and bottom line recorded a net loss.
0 for1 against - 5.To approve appointment of Mr. Sumit Sunil Sadh as a Chief Executive Officer of the Company.1 for0 against
- 6.To Appoint M/s. Geeta Canabar & Associates, Practicing Company Secretaries as the Secretarial Auditors of the Company.1 for0 against
- 7.To Re-appoint Mrs. Ameeta Ramesh (DIN: 03368136) as an Independent Director of the Company for a second term of five years1 for0 against
- 8.Regularization of Additional Director Ms. Vijayshri Anup Krishnan (DIN: 07258233) by Appointing her as an Independent Director of the Company1 for0 against
- 9.Approval of ‘LANCER Employee Stock Option Plan 2025’ (“LANCER ESOP 2025” / “Plan”).1 for0 against
Mutual fund votes, meeting of 1 Jan 2025, 1 fund house
- 1. ISSUANCE OF UP TO 99,80,357 EQUITY SHARES TOWARDS CONVERSION OF OUTSTANDING UNSECURED LOAN TO THE PE1 for0 against
- 2. ISSUANCE OF EQUITY SHARES TO THE SHAREHOLDERS OF BULKLINER LOGISTICS LIMITED THROUGH SWAP OF SHARES
Against quant Mutual Fund
- quant Mutual FundNo economic rationale has been provided for the proposed acquisition. Further, there is no independent valuer’s report to fairly ascertain the valuation of the company being acquired.
0 for1 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Tax disputes
Reported in the filing for the quarter to Jun 2026.
- Tax disputeJoint Commissioner, CGST and Central Excise Commissionerate, CBD Belapur, Navi Mumbai.Since 3 Feb 2026Company has filed an appeal on March 25, 2026
At the filing before: Recovery Order was issued pursuant to Section 74(1) of the Central Goods and Services Tax Act, 2017 read with Section 20 of the Integrated Goods and Services Tax Act, 2017. Rs. 7,85,91,327/- along with equivalent penalty, in addition to applicable interest. The Company was examining appropriate legal remedies, including filing an appeal.MoreLess
- Tax disputeIncome Tax DepartmentSince 1 Apr 2026Company has filed an appeal on April 10, 2026
At the filing before: The Company received an Assessment Order under Section 143(3) read with Section 144B of the Act, for the Assessment Year 2024-25, wherein a demand had been raised amounting Rs. 5,53,89,060/- along with applicable interest. Certain additions/ disallowances to the returned income had been proposed by the Assessing Officer.MoreLess
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.