The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sachidanand Hariram Upadhyay
Awaiting price reaction for this filing.
Sachidanand Hariram Upadhyay has disclosed the acquisition of 4,90,051 equity shares of Lords Mark India Limited, representing 49.01% of the company's total and diluted share capital. The shares were purchased off-market on 16 October 2025 under a Share Purchase Agreement dated 3 June 2025. The buyer is currently classified as a public shareholder but has already issued a public announcement for an open offer under SEBI SAST Regulations and will be treated as a promoter once the acquisition is completed. Lords Mark India is a very small company with total equity capital of just 10,00,000 shares (Rs. 10 each). This effectively represents a change of control of the listed entity.
This is a near-control-change event. Shareholders should expect further open-offer proceedings as the acquirer transitions into the promoter category. With a 49.01% stake (just below the 50% mark), the acquirer will have significant influence over board decisions and corporate actions, which may increase volatility and shift the company's strategic direction.