In continuation to our filings made on 10.11.2025- Allotment of Shares to eligible shareholders of "Lords Mark Industries Limited" (Transferor Company). The Company shall allot 42,65,96,580 ....
Awaiting price reaction for this filing.
Lords Mark India Limited (BSE Scrip 501261) is implementing the NCLT Mumbai Bench's order dated 28 July 2025, which approved a Base Resolution Plan and Scheme of Amalgamation under the company's Pre-Packaged Insolvency Resolution Process. As part of the scheme, 4,90,051 promoter equity shares will be extinguished and existing public shareholders will be reduced proportionately to 5% of their current holding. The company will then allot 42,65,96,580 equity shares of Rs. 10 each (worth about Rs. 426.6 crore at face value) to eligible shareholders of Lords Mark Industries Ltd (the Transferor Company) in a ratio of 1.25 shares of Lords Mark India Limited for every 1 share held in Lords Mark Industries Ltd. The record date for all these actions is 20 November 2025, and share trading will remain temporarily suspended until legal compliances are completed.
For existing shareholders of Lords Mark India Limited, their holdings will shrink significantly due to extinguishment of promoter shares and proportionate reduction to 5%. Shareholders of Lords Mark Industries Ltd will become shareholders of Lords Mark India Limited at a 1.25:1 swap ratio. The temporary trading freeze means no buying or selling is possible until the share register is updated post the record date.