Extinguishment of Shares: Extinguishment of 4,90,051 equity shares held by promoters. Reduction of Public Shareholding: Proportionate reduction of public shareholding to 5% of each shareholder.
Awaiting price reaction for this filing.
The NCLT Mumbai Bench, through its order dated 28/07/2025, has approved the Resolution Plan and Scheme of Amalgamation for Lords Mark India Limited (formerly Kratos Energy and Infrastructure Ltd), which had been admitted into the Pre-Packaged Insolvency Resolution Process (PPIRP). Under the plan, 4,90,051 equity shares held by promoters will be extinguished, and the existing public shareholding will be reduced to 5% per shareholder. Additionally, 42,65,96,580 new equity shares (face value Rs.10) will be allotted to eligible shareholders of Lord's Mark Industries Ltd (the Strategic Investor/Transferor Company) at a ratio of 1.25 shares for every 1 share held, with the record date set as 5th November 2025. The restructuring involves a reverse merger of Lord's Mark Industries Ltd with the listed entity, shifting control to a new board of directors.
Existing public shareholders will see their holdings reduced by approximately 95%, with the company effectively restructured around the Lord's Mark Industries business (paper manufacturing, solar/LED, pharma). Share trading has been temporarily halted until legal compliances and register updates are complete; shareholders of record as of 5th November 2025 will receive the new share allotment.