Update on NCLT approved resolution plan
Awaiting price reaction for this filing.
Lords Mark Industries Ltd has informed BSE about the progress of its NCLT-approved Resolution Plan. BSE has partially complied with the tribunal's order on three key items: reduction of public shareholding, extinguishment of erstwhile promoter shareholding, and change of company name. The company has completed all its internal compliances, including corporate actions, statutory filings, and implementation of the resolution plan. All required documents have been submitted to BSE, and the company has fully discharged its obligations under the plan. The final confirmation and listing-related approval from BSE is still awaited, following which further updates will be shared.
This update signals continued progress in the company's revival through the resolution plan, with major structural changes like promoter share extinguishment and shareholding reduction in process. Investors should note that final BSE approval is still pending, which could affect trading and listing status once the changes are formally reflected.