Lords Mark Industries Limited appointed Ms. Foram Bhuva as Whole-Time Company Secretary and Compliance Officer effective October 14, 2026. The appointment was approved by the Board of Directors at its meeting held on the same date.

Appointment details

Ms. Bhuva assumes the role of Key Managerial Personnel (KMP) pursuant to Section 203 of the Companies Act, 2013, and Regulation 6 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. She holds Associate Membership of the Institute of Company Secretaries of India (ICSI) with membership number A60689.

The company disclosed these details in an intimation filed with BSE Limited under Regulation 30 of the SEBI LODR Regulations. The filing references SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and a subsequent circular dated January 30, 2026.

Professional background

Ms. Bhuva brings over 7.5 years of professional experience in corporate secretarial matters. Her expertise covers:

• Handling SEBI regulations and listing compliances
• Managing ROC filings
• Corporate legal governance across listed and unlisted entities

This appointment strengthens the company's compliance framework by placing an experienced professional in charge of statutory obligations and regulatory adherence.

Lord's Mark Industries Limited acquired Radio Electric Private Limited, the manufacturer behind the Radiotone brand, to strengthen its position in specialised electrical manufacturing. The transaction integrates a profitable, debt-free entity with established blue-chip clientele and significant untapped manufacturing capacity into Lord's Mark's Lighting & Energy Division.

The acquisition provides access to a business operating at approximately 50% of machine capacity on a single shift, offering substantial headroom for scaling production without immediate large capital expenditure. Radio Electric Private Limited, founded in 1939, specialises in variable autotransformers (Variacs) and toroidal transformers, serving customers such as Siemens Limited, Hitachi Hi-Rel Power Electronics Private Limited, and Larsen & Toubro Limited.

Strategic assets and customer base

The target company brings nearly nine decades of engineering heritage and an established export footprint across seven international markets, including Europe, the United States, Canada, South Africa, Dubai, and the Philippines. Its product portfolio includes three-phase air-cooled Variacs up to 1,000 A, three-phase oil-cooled Variacs up to 2,000 A, and tailor-made single-phase toroidal transformers ranging from 30 VA to 20 kVA.

Operational synergies and growth plans

Lord's Mark Industries Limited plans to leverage the existing trained workforce and vendor ecosystem while introducing a structured sales and marketing strategy. The company intends to expand its customer base beyond servo voltage stabiliser manufacturers to include test and measurement laboratories, educational institutions, research centres, and utilities. Potential product developments include motorised Variacs, variable AC power sources, and digital metered Variacs.

Transition and leadership

To ensure continuity, Mr. Umesh Marathe will serve as a consultant for one year, facilitating the transfer of critical design and process knowledge. Dr. Sachidanand Upadhyay, MD & CEO of Lord's Mark Industries Limited, stated that the acquisition supports the company's vision of building a diversified, technology-led Indian enterprise. He noted that the move provides a strategic edge in the Battery Energy Storage System (BESS) segment and enables in-house development of critical components for the medical device business.

What the numbers show

The combination of a debt-free balance sheet with only 50% capacity utilisation creates a distinct operational leverage opportunity. Unlike greenfield investments that require upfront capital outlay, this acquisition allows Lord's Mark Industries Limited to increase revenue through operational efficiencies and additional shifts rather than new infrastructure spending. The presence of repeat export customers in seven markets further mitigates domestic market concentration risk, providing a dual-channel growth avenue without additional market entry costs.