Lord's Mark initiates listing of shares issued to BCCL at ₹158

Lord's Mark Industries Limited has initiated the process for listing and trading of 10,28,483 equity shares issued to Bennett Coleman and Company Limited (BCCL) at a conversion price of ₹158 per equity share. This move follows the company's undertaking before the Hon'ble High Court of Delhi in the matter of BCCL vs. Lord's Mark Industries Limited & Ors. The valuation at which BCCL sought to convert its share entitlement is viewed as a significant indicator of institutional confidence in the company's long-term strategy and business fundamentals.

Transaction Details

The issuance stems from a Share Cum Warrant Subscription Agreement dated August 1, 2023. As recorded before the Delhi High Court, BCCL is entitled to the shares at the agreed price, which Lord's Mark Industries Limited has honoured. The company has now commenced the necessary regulatory formalities with BSE Limited to facilitate the listing of these shares.

Parameter	Details
Entity	Bennett Coleman and Company Limited (BCCL)
Shares Issued	10,28,483 equity shares
Conversion Price	₹158 per equity share
Agreement Date	August 1, 2023
Exchange	BSE Limited

Management Commentary

Sachidanand Upadhyay, Managing Director of Lord's Mark Industries Limited, stated that the value of a company is reflected in the confidence reposed by credible institutions. He emphasized that honouring the commitment to BCCL at ₹158 per share reflects confidence in Lord's Mark's vision and growth potential. The company remains focused on building a future-ready enterprise and creating sustainable value for shareholders.

Regulatory Compliance

The application for listing and trading approval is currently under process. Lord's Mark Industries Limited affirmed its commitment to honouring contractual obligations and ensuring timely compliance with all applicable statutory and regulatory requirements. Further updates regarding the receipt of approval will be intimated to the exchange in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Lord's Mark Industries Limited disclosed multiple acquisitions of equity shares by various acquirers pursuant to a resolution plan and scheme of amalgamation approved by the National Company Law Tribunal (NCLT), Mumbai Bench. The transactions, finalized on June 23, 2026, involve the allotment of shares to individuals including Hariram Vibhuti Upadhyay, Manav Kishore Teli, and Manish Hariram Upadhya. These allotments are exempt from the mandatory open offer requirements under Regulation 10(1)(da) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Regulatory Background

The acquisitions follow the approval of a resolution plan under Section 31 of the Insolvency and Bankruptcy Code, 2016, and a scheme sanctioned by the NCLT vide its order dated July 28, 2025. Lord's Mark Industries Limited, formerly known as Lords Mark India Limited and Kratos Energy & Infrastructure Limited, submitted revised disclosures to BSE Limited on July 8, 2026, to comply with Regulation 10(6) of the SEBI (SAST) Regulations, 2011. The company clarified that the price of acquisition is not applicable as the shares were allotted pursuant to the approved resolution plan.

Transaction Details

The following table summarizes the key details of the share allotments made on June 23, 2026:

Acquirer	Shares Acquired	% of Diluted Share Capital
Hariram Vibhuti Upadhyay	3,60,000	0.08%
Manav Kishore Teli	25,62,500	0.60%
Manish Hariram Upadhya	9,85,000	0.23%
Neetu Sachidanand Upadhyay	31,42,376	0.74%
Sandesh Pujari	12,51,000	0.29%
Shakuntla Hariram Upadhyay	3,60,000	0.08%
Smitha Sunnil Korgaonkar	6,25,000	0.15%
Vinay Benigopal Sarda	5,06,875	0.12%

Shareholding Pattern

The disclosures detail the change in shareholding status for the acquirers. Prior to these transactions, the acquirers held no shares in the target company. The post-transaction shareholding reflects the percentages listed in the table above. The disclosures were signed by the respective acquirers in Mumbai on July 8, 2026.