BSE to review and ensure compliance with all regulatory requirements for listing and trading, and to approve resumption of trading on the stock exchanges before the end of May 2026. BSE ....
Awaiting price reaction for this filing.
The Monitoring Committee of Lord's Mark Industries Limited held its 6th meeting on April 28, 2026 to discuss post-insolvency matters. The company, formerly known as Kratos Energy & Infrastructure Limited, underwent an NCLT-approved resolution plan and is now preparing for relisting. BSE has expressed satisfaction with submitted documents and SEBI confirmation is awaited. Trading is expected to commence around June 5, 2026, with management handover to the reconstituted Board of Directors upon listing. The Committee approved allotment of 42.66 crore equity shares (Rs.10 each) to eligible shareholders of the erstwhile Lord's Mark Industries in a swap ratio of 1.25:1 as per the Resolution Plan. All pending warrants will be converted to equity shares post-listing as per exchange norms. Expenses of Rs.9.44 lakh for the Monitoring Agent were also ratified.
Positive for shareholders - the company is on track to resume trading after completing insolvency proceedings. The approved share swap ratio of 1.25:1 provides clarity on entitlement for existing shareholders of the erstwhile entity. Trading approval expected before end of May 2026.