Navigant Corporate Advisors Ltd ("Manager to the Offer") has submitted to BSE a copy of Offer Opening Public Announcement to the Shareholders of Lords Mark India Ltd ("Target Company").
Awaiting price reaction for this filing.
Mr. Sachidanand Hariram Upadhyay (the Acquirer) is making an open offer to buy up to 2,60,000 equity shares (26% of total share capital) of Lords Mark India Ltd (BSE: 501261, formerly Kratos Energy & Infrastructure Ltd) at Rs. 30 per share in cash. The offer is being managed by Navigant Corporate Advisors Ltd under SEBI Takeover Code regulations. The Independent Directors Committee has reviewed the offer and found the Rs. 30 price prima facie justified. No competitive bid was received. The revised schedule shows the offer opening on October 13, 2025 and closing on October 28, 2025, delayed from the original July 2025 timeline due to SEBI observations received on September 26, 2025.
Public shareholders can tender their shares at Rs. 30 per share between October 13-28, 2025 through their brokers. The offer price represents the floor; shareholders should compare it with current market price before deciding to tender.