Lords Mark Industries promoter sells 2.11% stake via open market
- Promoter Sachidanand Hariram Upadhyay sold 89,98,598 equity shares on September 29, 2026
- Stake reduced by 2.11% to 73.00% of total voting capital
- Transaction executed via open market with no encumbrances involved
- Total share capital remains unchanged at ₹426,62,22,170
*this image is generated using AI for illustrative purposes only.
Lords Mark Industries Limited promoter Sachidanand Hariram Upadhyay disclosed the disposal of 89,98,598 equity shares, representing 2.11% of the company's total share capital. The transaction was executed through the open market on September 29, 2026.
Following this sale, Upadhyay's holding in the company stands at 31,14,40,648 shares, or 73.00% of the total voting capital. Prior to the disposal, his stake was 32,04,39,246 shares (75.11%). The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.
Transaction details
The promoter group member sold shares exclusively through the open market mechanism. No encumbrances such as pledges or liens were associated with the shares prior to or after the sale. The total diluted share capital remained unchanged as no convertible securities were involved.
| Metric | Before Sale | After Sale | Change |
|---|---|---|---|
| Shares held | 32,04,39,246 | 31,14,40,648 | -89,98,598 |
| Holding (%) | 75.11% | 73.00% | -2.11% |
Capital structure context
The company's total equity share capital consists of 42,66,22,217 equity shares of ₹10 each, aggregating to ₹426,62,22,170. This capital structure remains constant before and after the promoter's sale, as the transaction involved existing shares rather than new issuance.
What the numbers show
The reduction in promoter holding from 75.11% to 73.00% indicates a marginal dilution of control but maintains a substantial majority stake. With a post-sale holding of 73%, the promoter retains significant influence over corporate decisions, well above the 50% threshold for absolute control.
Historical Stock Returns for Lords Mark Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.91% | -18.45% | -0.11% | 0.0% | 0.0% | 0.0% |
Will the continued reduction in promoter holding below 75% trigger any mandatory open offer obligations under SEBI regulations?
How might the increased free float resulting from this disposal impact the stock's liquidity and inclusion in major equity indices?
Are there indications of further promoter sell-downs planned for the upcoming quarters to meet specific public shareholding targets?
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