Lords Mark Industries Limited announced that M/s. BKP & Associates, Company Secretaries, has resigned from its position as secretarial auditor. The resignation is effective immediately as of August 01, 2026, creating a vacancy in a key compliance role for the Mumbai-based manufacturer. This departure requires the company to appoint a new auditor to ensure continued adherence to regulatory standards.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Part A of Schedule III. In compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, the company submitted the necessary details to the Bombay Stock Exchange (BSE). The filing confirms that there are no disclosed relationships between the auditor and the company’s directors.

M/s. BKP & Associates, led by proprietor Binay Kumar Pandey (Membership No. F9830), attributed the decision to a significant increase in existing professional engagements. The firm stated that this workload surge created constraints in devoting the requisite time, attention, and professional resources needed to conduct the secretarial audit within prescribed timelines and in accordance with applicable professional standards.

Resignation Details

Binay Kumar Pandey, who holds Certificate of Practice No. 12074, submitted the resignation letter dated August 01, 2026, from Kolkata. He requested that the Board of Directors take the resignation on record and complete all necessary formalities regarding his cessation as the secretarial auditor. The firm’s peer review number is 5265/2023, and its unique firm number is I2013WB1041500.

Sachidanand Harinam Upadhyay, Managing Director of Lords Mark Industries Limited, signed the exchange submission. The company, formerly known as Lord's Mark India Limited and Kratos Energy & Infrastructure Limited, carries CIN No. L35103MH1979PLC021614. The resignation does not indicate any disagreement on accounting or audit matters, but rather reflects capacity constraints at the auditing firm.

What This Means for Compliance

The loss of a secretarial auditor necessitates prompt action by the Board of Directors to appoint a replacement. Under SEBI regulations, listed entities must maintain an active secretarial audit to ensure compliance with corporate governance norms. The interim period without an appointed auditor may require the board to monitor compliance processes closely until a new firm is engaged and onboarded.

Lord's Mark Industries Limited corrected a significant pricing error in its July 23, 2026, board meeting outcome, revising the equity share issue price from ₹10 to ₹195 per share. The Mumbai-based manufacturer of medical and surgical equipment issued the corrigendum on July 24, 2026, to the Bombay Stock Exchange (BSE) after identifying an inadvertent typographical mistake in the initial disclosure. This correction ensures that investors and stakeholders have accurate information regarding the valuation and capital structure implications of the company's recent corporate action. The revised price reflects a substantial difference in consideration, impacting the total capital raised and the premium component attributed to shareholders.

The Board of Directors had originally communicated an issue price of ₹10/- per Equity Share in the outcome filed on July 23, 2026. Lord's Mark Industries Limited clarified that this figure was incorrect due to a clerical error. The accurate issue price is ₹195/- per Equity Share. This correction aligns the public record with the actual terms approved by the management for the equity issuance. The company emphasized that apart from this specific numerical correction, all other contents of the original disclosure remain unchanged and valid.

Pricing Structure Breakdown

The corrected issue price consists of two distinct components: the face value of the share and the securities premium. The breakdown of the ₹195/- per share consideration is detailed below:

This structure indicates that the majority of the issue price is attributed to the securities premium, which is credited to the Securities Premium Reserve account. This reserve can be utilized for specific purposes such as issuing bonus shares or writing off preliminary expenses, as permitted under the Companies Act. The face value remains at ₹10/-, which determines the voting rights and dividend entitlements on a per-share basis.

Regulatory Compliance and Disclosure

Lord's Mark Industries Limited submitted the corrigendum to the Manager – Listing Department at BSE Limited, located at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai. The submission was signed by Sachidanand Hariram Upadhyay, Managing Director, with DIN 01631728. The company’s registered office is located at B-101 Riddhi Siddhi Complex, M.G. Road, Borivali (E), Mumbai, while its corporate office operates from Wagle Estate, Thane West, Maharashtra. The prompt issuance of the corrigendum demonstrates adherence to regulatory norms requiring timely and accurate disclosure of material information to stock exchanges. Investors are advised to rely on the corrected figures for any financial analysis or investment decisions related to this equity issuance.