Postal ballot on promoter loan with equity conversion option
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Lords Mark Industries published a postal ballot notice seeking shareholders' approval by electronic voting to accept a loan from promoter and Managing Director Sachidanand Hariram Upadhyay, with an option to convert it into fully paid equity shares. Voting runs from October 27, 2026 at 9:00 a.m. to November 25 at 5:00 p.m.; results are due by November 27. The loan amount and conversion terms are not stated.
Approval could ease cash needs, but conversion into new shares may dilute existing holders. The loan amount and conversion price are not stated.