Allotment of Shares to eligible shareholders of Lord''s Mark Industries Limited (Transferor Company): The Company shall allot 42,65,96,580 equity shares of Rs.10/- each, credited as fully ....
Awaiting price reaction for this filing.
The NCLT Mumbai Bench, via order dated 28 July 2025, approved the Base Resolution Plan and Scheme of Amalgamation for the pre-packaged insolvency resolution of Lords Mark India Limited (formerly Kratos Energy and Infrastructure Limited). As part of the scheme, 4,90,051 promoter equity shares will be extinguished and public shareholding will be proportionately reduced to 5% per shareholder. The company will allot 42,65,96,580 equity shares of Rs.10 each (fully paid) to eligible shareholders of Lord's Mark Industries Ltd (the strategic investor / transferor company), based on the record date of 5 November 2025. The swap ratio is 1.25 shares of Lords Mark India Limited for every 1 share held in Lord's Mark Industries Ltd. Share trading has been temporarily halted until all legal compliances and register updates are completed.
Existing public shareholders of the listed entity will see their holdings proportionately cut to 5%, while promoters are completely wiped out — effectively transferring control to the incoming shareholders of Lord's Mark Industries Ltd (paper, solar, LED, pharma, and healthcare businesses). Shareholders of Lord's Mark Industries Ltd will receive freely tradable shares in the listed company, giving them an exit path; the listing essentially becomes a vehicle for the strategic investor's businesses.