Sachidanand Upadhyay acquires 77.54% in Lord's Mark Industries via IBC resolution plan

Sachidanand H Upadhyay has acquired 33.07 crore equity shares, representing 77.54% of the diluted share capital of Lord's Mark Industries, pursuant to a resolution plan approved under Section 31 of the Insolvency and Bankruptcy Code, 2016, and a scheme of amalgamation approved by NCLT Mumbai Bench on 28 July 2025. The acquisition took place on 23 June 2026 under Regulation 10(1)(da) of the Takeover Regulations, which exempts the acquirer from making an open offer.