Allotment of Shares to eligible shareholders of ''Lords Mark Industries Limited'' (Transferor Company): The Company shall allot 42,65,96,580 equity shares of Rs.10/- each, credited as ....
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The NCLT Mumbai Bench, via order dated 28 July 2025, has approved a Scheme of Amalgamation for Lords Mark India Limited (formerly Kratos Energy and Infrastructure Limited) under a Pre-Packaged Insolvency Resolution Plan (PPIR). As part of the scheme, 4,90,051 promoter-held equity shares will be extinguished and public shareholding will be proportionately reduced to 5% per shareholder, with a record date of 20 November 2025. The company will then allot 42,65,96,580 equity shares of Rs.10 each to eligible shareholders of Lords Mark Industries Ltd (the transferor company), at a swap ratio of 1.25 shares of Lords Mark India Limited for every 1 share held, with a record date of 21 November 2025. Share trading in the scrip (Code: 501261) has been temporarily suspended until all legal compliances and register updates are completed.
Existing shareholders of Lords Mark Industries Ltd (transferor) will receive new shares in the listed entity at a 1.25:1 ratio, while promoter shareholding is being extinguished and public holding is being capped at 5%, significantly reshaping the shareholder base and diluting earlier holdings ahead of the resolution plan implementation.