Intimation of Approval of Listing and Trading as per NCLT order
Awaiting price reaction for this filing.
Lords Mark Industries Ltd has completed all steps under the Resolution Plan approved by the NCLT Mumbai Bench on 28 July 2025. The plan was approved by the Committee of Creditors with 100% voting share. A reverse merger has been fully implemented, with the strategic investor (Lords Mark Industries Ltd, the transferor) merging into the listed entity (Lords Mark India Ltd, the transferee). All financial, operational, statutory, and government creditor dues have been settled. A share swap was completed at a ratio of 1.25 equity shares of Rs. 10 each for every 1 equity share of Rs. 5 held in the transferor company. The Implementation and Monitoring Committee has been constituted, the erstwhile promoter shareholding has been extinguished, and control of the company has changed. All filings with IBBI, ROC, and other authorities have been completed. The company filed its application with BSE on 27 November 2025 seeking listing and trading approval for the new equity shares issued under the reverse merger.
For shareholders, the company has emerged from the insolvency resolution process debt-free and is now operating as a fully merged, consolidated entity under a new name and ownership. New equity shares issued under the share swap are pending listing and trading approval from BSE, which should normalize trading and liquidity once granted. This is a structurally positive development as it marks the completion of a long-drawn corporate restructuring and resolution cycle.