In a significant move, Lancer proudly announced the successful conclusion of a Share Subscription and Shareholders' Agreement on November 20, 2023, marking the acquisition of a substantial 60% Equity Share Capital in Transco Logistix Worldwide Private Limited. This monumental achievement is subject to specific conditions precedent, solidifying Lancer's strategic positioning in the industry. The purpose of the mentioned acquisition is to expand the Company's business vertically into the Logistics Industry. Stay tuned for further developments in this ground-breaking Industry!

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