Promoter sells shares, plans to reinvest proceeds in medical device expansion
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.1 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter and Managing Director Sachidanand Upadhyay sold 1,03,56,983 equity shares of Lords Mark Industries on Sept 18, 2026 via block deal/open market on BSE, netting Rs 87.39 crores. He has confirmed and proposed to reinvest majority of these funds into expanding the company's medical device unit through a viable means.
Large promoter sale may pressure stock short-term, but reinvestment commitment into business expansion signals long-term confidence.