BSELords Mark Industries LtdMediumNeutral
Announced Thu, 2 Jul · 08:21 IST

Hariram Upadhyay acquires 0.08% stake in Lords Mark Industries via IBC plan

Promoter Stake BuyOwnership Changes View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Hariram Vibhuti Upadhyay acquired 3,60,000 equity shares (0.08%) of Lords Mark Industries on 12 Nov 2025 under Regulation 10(1)(da), exempting him from making an open offer. The shares were acquired pursuant to a resolution plan approved under Section 31 of the Insolvency and Bankruptcy Code 2016 and an amalgamation scheme sanctioned by NCLT Mumbai Bench on 28 Jul 2025. Pre-transaction holding was nil; post-transaction holding stands at 3,60,000 shares.

Likely market impact

Marks completion of IBC resolution process and entry of a new promoter via the approved restructuring plan.