Regulation 30 Intimation in attached
Awaiting price reaction for this filing.
Lords Mark Industries Ltd (formerly Kratos Energy & Infrastructure Ltd) has received BSE's satisfaction with its submitted legal opinions and documents, paving the way for listing and trading to commence on or around June 5, 2026. The Monitoring Committee approved the handover of management to the reconstituted Board of Directors effective from the trading commencement date. Approximately 42.66 crore equity shares of Rs 10 each will be allotted to eligible shareholders at a swap ratio of 1.25 shares for every 1 share held, with record date November 5, 2025. The Committee also approved conversion of all pending warrants into equity shares post-listing and ratified RP expenses of Rs 9,44,000.
This is a significant positive development indicating successful emergence from insolvency proceedings. Shareholders of the erstwhile entity will receive shares in the restructured company, and the stock is expected to resume trading on BSE shortly.