Lords Mark Industries Limited will convene its board meeting on October 23, 2026, to consider raising an unsecured loan of ₹100 crore from its promoter and director, Sachidanand H. Upadhyay.

The proposed facility carries an option for conversion into equity shares. The terms and conditions will be mutually decided as per the loan agreement. This action is subject to the approval of the company's shareholders.

Board agenda and regulatory compliance

The notice was issued pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting is scheduled for Friday, October 23, 2026. The primary agenda item is to consider and approve the raising of funds through this related-party transaction.

The company, formerly known as Lords Mark India Limited and Kratos Energy & Infrastructure Limited, is headquartered in Thane West, Maharashtra. The Managing Director, Sachidanand Hariram Upadhyay, signed the notice dated October 19, 2026.

Lords Mark Industries Limited has completed the acquisition of Radio Electric Private Limited, the maker of the 'Radiotone' brand, for ₹4.50 crore. The deal marks a strategic expansion into specialised electrical manufacturing and engineering under the company's Lighting & Energy Division.

The acquisition was intimated to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction involved the purchase of a controlling stake, specifically 100% equity, through cash consideration. The target entity is registered in Maharashtra and operates within the electrical manufacturing sector.

Target entity profile

Radio Electric Private Limited was founded in 1939 and holds an 87-year engineering heritage. It is recognised as a pioneer of double-layer Variacs introduced between 1979 and 1980. The company specialises in variable autotransformers, toroidal transformers, voltage isolation transformers, and high-current manufacturing.

The filing describes the target as a profitable, debt-free operating business with established domestic clientele across 40-50 blue-chip accounts. It also maintains repeat exports across seven international markets.

Acquisition details

Strategic rationale

The company outlined several synergies expected from the acquisition:

• Product Integration: Brings nearly nine decades of engineering expertise and specialised transformer technology into Lords Mark Industries.
• BESS & Medical Devices: Provides a strategic edge in the Battery Energy Storage Systems segment and enables in-house component manufacturing to improve profitability in the medical device business.
• Capacity Utilization: Offers immediate headroom to scale production without heavy upfront capital expenditure, as the operating manufacturing infrastructure is currently at ~50% single-shift capacity.
• Global Export Footprint: Secures repeat export channels across seven international markets, including Europe, the USA, Canada, South Africa, Dubai, and the Philippines.

What the numbers show

The acquisition price of ₹4.50 crore for a debt-free entity with an 87-year heritage suggests a valuation focused on asset acquisition and market access rather than high-growth multiples. The disclosure that the target’s infrastructure is at ~50% single-shift capacity indicates potential for operational leverage, allowing the acquirer to increase output without proportional increases in fixed costs or capital expenditure.