Lord's Mark Industries Limited has announced that its board of directors will meet on Friday, May 29, 2026. The primary agenda for the meeting includes the consideration and approval of the standalone and consolidated audited financial results for the fourth quarter and the financial year ended March 31, 2026.

Agenda for the Meeting

The board will deliberate on the company's financial performance for the specified period. Additionally, the directors will evaluate the possibility of recommending a final dividend for the financial year ending March 31, 2026. The declaration of a dividend is subject to the board's decision during the meeting.

Trading Window Closure

In compliance with regulatory norms, the company has informed that the trading window for dealing in the shares of Lord's Mark Industries Limited remains closed. This closure period commenced on April 1, 2026, and will continue until 48 hours after the declaration of the audited financial results on May 29, 2026.

Key Details

The sixth meeting of the Monitoring Committee of Lord's Mark Industries Limited (formerly known as Kratos Energy & Infrastructure Limited) was held on April 28, 2026, at the office of the Erstwhile Resolution Professional in Nagpur, conducted online via Zoom. The meeting was chaired by CA. Amit C. Poddar, Erstwhile Resolution Professional (RP), and commenced at 12:45 PM, concluding at 1:00 PM. The proceedings covered several significant agenda items related to the company's ongoing insolvency resolution process, share listing, and management transition.

Meeting Attendance

The following members and invitees participated in the sixth Monitoring Committee meeting:

BSE Listing and Trading Update

The Erstwhile RP apprised the members that the Corporate Debtor had been actively following up with officials of the Bombay Stock Exchange (BSE) for the listing of its shares. BSE officials had sought various documents, some of which were submitted earlier, following which additional documents were requested. The Corporate Debtor subsequently approached Justice J.P. Devadhar to obtain a legal opinion on the mandatory and non-mandatory requirements for listing.

A legal opinion dated 27.03.2026 was submitted to BSE along with the requisite documents, upon which BSE expressed satisfaction and assured that the equity shares of the Corporate Debtor would be listed, with trading expected to commence shortly. Mr. Sachidanand Upadhyay further confirmed that he had visited the BSE office on multiple occasions and the Securities and Exchange Board of India (SEBI) office once, and that BSE had confirmed trading would commence shortly after receipt of confirmation from SEBI.

Management Handover and Trading Commencement

The Monitoring Committee unanimously approved the handover of management and control to the reconstituted Board of Directors for carrying out regular affairs of the Corporate Debtor, immediately upon commencement of trading scheduled for 5th June 2026 (approx.). The resolution was passed with 100% voting in favour. The Erstwhile RP also confirmed that intimation regarding the scheduled date of commencement of listing and trading would be filed on the BSE portal and communicated via email.

Share Allotment in Approved Swap Ratio

The Erstwhile RP informed the members of the planned equity share allotment to eligible shareholders of erstwhile Lord's Mark Industries Limited. Key details of the allotment are as follows:

The Erstwhile RP stated that intimation regarding the above allotment in the approved swap ratio would be filed on the BSE portal and communicated via email.

Warrant Conversion and Independent Director Appointment

The Monitoring Committee unanimously approved, with 100% voting in favour, the conversion of all pending warrants in the name of erstwhile Lord's Mark Industries Limited into equity shares of Lord's Mark Industries Limited, immediately post listing and commencement of trading, as per norms of the exchange. Mr. Sachidanand Upadhyay clarified that this conversion would not be as per the Resolution Plan but would be carried out in accordance with stock exchange norms, resulting in an increase in the share capital of the Corporate Debtor.

The reconstituted Board of Directors was also granted liberty to appoint independent directors in line with the provisions of the Companies Act, as it deemed fit, with a proposed declaration and implementation on or before 5th June 2026. Mr. Sachidanand Upadhyay assured that he would send intimation to the Erstwhile RP with the name of the proposed Independent Director via email.

Expense Ratification for Monitoring Period

The Monitoring Committee ratified the expenses incurred by the Erstwhile RP for the period from 03.01.2026 to 27.04.2026, which primarily comprised RP fees. The detailed expense statement is set out below:

The Monitoring Committee unanimously approved the total expenses of Rs. 9,44,000/- for the period from 03.01.2026 to 27.04.2026, with 100% voting in favour of the resolution. With no further business to transact, the meeting concluded at 1:00 PM. The minutes were digitally signed by CA. Amit C. Poddar on 05.05.2026.