Postal ballot Notice dated 07-10-2025 for increase in authorized share capital
Awaiting price reaction for this filing.
Lords Mark India Ltd is seeking shareholder approval via postal ballot (e-voting from 10-Oct-2025 to 8-Nov-2025) to raise its Authorised Share Capital from Rs. 190 crore (19 crore equity shares of Rs. 10 each) to Rs. 800 crore (80 crore equity shares of Rs. 10 each). This move is needed to give effect to the NCLT-sanctioned (28-Jul-2025) reverse merger of Lord's Mark Industries Ltd into the company, under which the company must allot about 42.66 crore new equity shares to the transferor company's shareholders. The same item was originally tabled at the 30-Sept-2025 AGM (Item No. 8) but could not be voted on due to a technical glitch, which is why it is being retaken through this postal ballot.
If approved, the expanded authorised capital gives the company room to issue shares for the merger and future fund-raising, but it does not by itself dilute existing shareholders — dilution will depend on the actual share allotment under the scheme and any future issuances. For the stock, the near-term focus will be on the e-voting outcome and smooth completion of the amalgamation.