Submission of Corrigendum of Annual Report for Financial Year 2024-2025 along with addendum to NOTICE of AGM
Awaiting price reaction for this filing.
Lords Mark India Limited has issued a corrigendum to its 45th Annual Report for FY 2024-25 along with an addendum to the AGM notice. The 45th AGM is scheduled for Tuesday, 30th September 2025 at 11:30 A.M. via video conferencing. A new special business item (Item No. 8) has been added to seek shareholder approval for increasing the Authorised Share Capital from Rs.190 crore to Rs.800 crore (from 19 crore to 80 crore equity shares of Rs.10 each), along with amendment to the Memorandum of Association. This follows the NCLT Mumbai Bench order dated 28th July 2025 sanctioning the reverse merger between Lord's Mark Industries Limited and Lords Mark India Limited, which requires the company to allot 42.65 crore equity shares to shareholders of the transferor company. Other AGM items include reappointment of statutory auditors, appointment of a new Managing Director (Mr. Sachidanand Upadhyay), and two Executive Directors.
The massive 4.2x increase in authorised share capital is a direct consequence of the NCLT-approved reverse merger, which will result in substantial dilution for existing shareholders as 42.65 crore new shares are issued. Shareholders should review the merger impact and vote on the resolution at the upcoming AGM, as the shareholding structure is set to change significantly.