Out come / Proceeding of AGM held on 30.09.2025
Awaiting price reaction for this filing.
Lords Mark India Limited held its 45th AGM on September 30, 2025 via video conferencing, lasting just 25 minutes (11:30 AM to 11:55 AM). The key highlight was the completion of a reverse merger through the Pre-Packaged Insolvency Resolution Process (PPIRP), with the NCLT Mumbai approving the resolution plan on July 28, 2025. Lords Mark Industries Ltd. was formally merged into the company on September 24, 2025, with shareholders receiving 1.25 shares of Lords Mark India Ltd. for every share held (same ISIN), to be completed within 20 working days. Eight resolutions were passed, including adoption of FY25 audited financials, re-appointment of a director and statutory auditors, appointment of two new Executive Directors for 5-year terms, appointment of a Managing Director, and an increase in Authorised Share Capital. A Resolution Professional was also present at the meeting. Voting results are to be announced within 2 working days.
This is a transformative event for shareholders — the reverse merger and PPIRP restructuring have fundamentally changed the company's business profile and shareholder base. Existing shareholders of Lords Mark Industries Ltd. will receive 25% more shares (1:1.25 swap), diluting current holders of Lords Mark India Ltd., but the new merged entity is positioned for growth under fresh management. Investors should watch for the share swap execution and the upcoming voting results to gauge shareholder sentiment on the restructuring.