The Company has allotted equity shares to the shareholders of the Transferor Co. on 21.11.2025 in accordance with the approved ratio under the NCLT order. The return of allotment ....
Awaiting price reaction for this filing.
Lord's Mark Industries has allotted 42,65,96,719 equity shares (face value Rs. 10) to shareholders of the transferor company on November 21, 2025, under an NCLT-approved Resolution Plan/Scheme of Amalgamation dated July 28, 2025. The swap ratio was 1:1.25. Of the total, 34,48,52,850 shares (~81%) were allotted to the Promoter and Promoter Group, while 8,17,43,869 shares went to non-promoter/public shareholders. The record date was November 20, 2025, and Form PAS-3 was filed with the Registrar of Companies on the same day. The Ministry of Corporate Affairs has approved PAS-3 and updated the company's paid-up capital accordingly.
This is a major issuance that significantly expands the company's share base (over 42 crore new shares), which will dilute existing shareholders' stakes and may pressure the stock price in the near term. The heavy promoter allotment (~81%) consolidates promoter control post-allotment.