Outcome of third meeting of the Monitoring Committee held on 27th Sep 2025
Awaiting price reaction for this filing.
The company is implementing an NCLT-approved scheme of amalgamation. The NCLT order dated July 28, 2025 has been filed and approved, completing the merger of Lords Mark Industries Limited into Lords Mark India Limited. The authorized capital was first raised from Rs 5 crore to Rs 190 crore and will be further increased to Rs 800 crore at the AGM on September 30, 2025 to enable share-swap allotments to shareholders of the transferor company. October 3, 2025 has been fixed as the record date for the share swap. The company will also file documents with BSE to reduce public shareholding to 5% per the approved resolution plan and seek in-principle approval for the share-swap arrangement.
Shareholders of the transferor company (Lords Mark Industries Limited) will receive shares in Lords Mark India Limited in the agreed swap ratio, with October 3, 2025 as the cut-off date. The restructuring streamlines the group structure and moves the company closer to fully emerging from the NCLT resolution process, which could reduce overhang but also dilutes existing public shareholding to 5%.