Extinguishment of Shares: Extinguishment of 4,90,051 equity shares held by promoters - Record Date of 20th November, 2025. Reduction of Public Holding: Proportionate reduction of ....
Awaiting price reaction for this filing.
Lords Mark India Limited has informed BSE about actions being carried out under a Base Resolution Plan and Scheme of Amalgamation approved by the NCLT Mumbai Bench on 28 July 2025 under a Pre-Packaged Insolvency Resolution Process (PPIRP). On the record date of 20 November 2025, 4,90,051 equity shares held by promoters will be extinguished and public shareholding will be proportionally reduced to 5% per shareholder. On 21 November 2025, the company will allot 42,65,96,580 fresh equity shares of Rs.10 each to eligible shareholders of the transferor company (Lord's Mark Industries Ltd.) in a ratio of 1.25 shares for every 1 share held. Share trading has been temporarily suspended pending completion of legal compliances and register updates.
Shareholders of Lord’s Mark Industries Ltd. will receive new shares in the restructured Lords Mark India Limited at 1.25:1, but promoter and public stakes are being sharply cut as part of the resolution plan. Trading remains halted temporarily, so existing positions cannot be exited until legal formalities are completed.