Intimation regarding achieving significant milestone in Indian Med-Tech sector
Awaiting price reaction for this filing.
Lords Mark Industries, along with technology partner Renalyx, has received a manufacturing licence from CDSCO for Class C AI-based smart hemodialysis machines, claimed to be the world's first. Class C is a high-risk, life-sustaining medical device category. The company has also obtained CE Marking certification, making it one of only six brands globally certified for dialysis systems under EU safety standards. Lords Mark states it is the first Indian company to achieve this milestone. The move supports India's goal of reducing reliance on imported life-saving medical equipment.
This is a significant positive development as it opens a new, high-barrier medical device segment for the company with both domestic manufacturing rights and EU certification, potentially enabling future exports. However, revenue impact depends on commercialisation timelines and scale-up, which are not yet disclosed.