Regulation 30 intimation for Pre Amalgamation Financials
Awaiting price reaction for this filing.
Lords Mark Industries has submitted its pre-amalgamation financial statements for FY25 to the stock exchange under SEBI Regulation 30, indicating an ongoing scheme of amalgamation with another entity. Revenue from operations jumped to ₹71.05 crore from ₹42.22 crore year-on-year, a growth of about 68%. Profit after tax surged to ₹3.99 crore from ₹1.17 crore, roughly 3.4 times the previous year. Total assets more than doubled to ₹71.42 crore, reserves and surplus jumped sharply from ₹3.42 crore to ₹35.48 crore, and long-term borrowings were nearly halved.
Strong pre-amalgamation financials with revenue and profit growth signal a healthier entity entering the merger, which is positive for shareholders. However, the amalgamation itself will reshape shareholding and business structure, so investors should watch for the final swap ratio and scheme details from NCLT.