Intimation regarding status of open offer
Awaiting price reaction for this filing.
Lords Mark India Ltd informed BSE that an Open Offer made by Mr. Sachidanand Hariram Upadhyay (the Acquirer) received zero bids from shareholders. The Acquirer had offered to buy up to 2,60,000 equity shares (26% of voting capital) at face value ₹10 each, under SEBI Takeover Regulations. The Registrar to the Offer, Purva Sharegistry (India) Pvt. Ltd., confirmed that no shares were tendered. This means the Acquirer's attempt to purchase up to 26% stake from public shareholders completely failed. The underlying trigger event (which compelled the Acquirer to make this open offer) is not detailed in this filing, but the open offer window has now closed with nil response.
The failed open offer means the Acquirer could not increase their stake from the market, so existing shareholding pattern remains unchanged. For shareholders, there is no change in ownership and no price discovery event occurred — the stock is unlikely to see any immediate reaction, though underlying control dynamics remain as they were.