Outcome of Monitoring Committee
Awaiting price reaction for this filing.
Lords Mark Industries (formerly Kratos Energy & Infrastructure) is implementing the NCLT Mumbai order dated July 28, 2025, which approved its resolution plan under the Insolvency and Bankruptcy Code. The Monitoring Committee noted extinguishment of 4,90,051 promoter shares, capping public shareholding at 5% per shareholder, and allotment of 42.65 crore new equity shares to eligible shareholders of transferor Lord's Mark Industries Pvt. Ltd. at a swap ratio of 1.25:1. Trading on BSE remains temporarily suspended pending finalisation of the record date (proposed November 21, 2025) with NSDL, CDSL and Purva Sharegistry. The committee also approved a Rights Issue of up to ₹200 crores post-listing resumption and creation of an ESOP pool of at least 2% of equity capital to support expansion into renal care/medical technology via the Renalx Healthcare acquisition. RP expenses of ₹4.74 lakh for Nov 6 – Jan 2 were ratified.
Investors should note that share trading has been halted for months due to the corporate insolvency restructuring, and the eventual resumption could bring significant share count changes (massive expansion of equity base via amalgamation and share cancellation for promoters). The ₹200 crore Rights Issue and ESOP creation will further dilute holdings once trading resumes.