Acquisition disclosure under SAST Reg 10(6) by Manav Kishore Teli
Awaiting price reaction for this filing.
Manav Kishore Teli has filed a disclosure under SEBI SAST Regulation 10(6) regarding acquisition of 25,62,500 equity shares of Lords Mark Industries, representing 0.60 percent of the diluted share capital. The shares were acquired on 21 November 2025 pursuant to a Resolution Plan approved under Section 31 of the Insolvency and Bankruptcy Code 2016 and a scheme of amalgamation approved by NCLT Mumbai Bench on 28 July 2025. The acquirer is exempt from making an open offer under Regulation 10(1)(da) of the SAST Regulations. Post-transaction, the acquirer holds 25,62,500 shares, equating to 0.60 percent of total share capital.
Small 0.60 percent stake acquisition via court-approved IBC resolution plan; no open offer triggered and negligible price impact expected.