Lords Mark India Limited , formerly known as Kratos Energy & Infrastructure Limited, has made significant strides in implementing its approved Resolution Plan, as confirmed in its fourth Monitoring Committee meeting held on November 6, 2025.

Key Developments

The company has executed several crucial corporate actions as part of its resolution process:

1. Share Extinguishment: 4,90,051 equity shares held by promoters have been extinguished.
2. Public Shareholding Reduction: Public shareholding has been proportionately reduced to 5% per shareholder.
3. Record Date: November 5, 2025, has been fixed as the Record Date for these changes.

Upcoming Actions

The Monitoring Committee has outlined a series of steps to be taken in the coming days:

Share Swap Details

A significant aspect of the resolution plan is the share swap arrangement:

• Swap Ratio: Eligible shareholders will receive 1.25 equity shares of Lords Mark India Limited for every 1 equity share held in Lords Mark Industries Limited.
• Completion Date: The share swap is scheduled to be completed by November 18, 2025.

Financial Considerations

The Monitoring Committee has approved the remuneration and expenses of the Erstwhile Resolution Professional:

• Amount: Rs. 7,08,000 (inclusive of GST)
• Period: July 28, 2025, to November 5, 2025
• Monthly Rate: Rs. 2,36,000 per month

This series of corporate actions marks a crucial phase in Lords Mark India Limited's restructuring process. The company's management, led by Managing Director Mr. Sachidanand Hajaran, is actively implementing the resolution plan approved by the National Company Law Tribunal (NCLT) on July 28, 2025.

Shareholders and investors should take note of these significant changes, particularly the share extinguishment, public shareholding reduction, and the upcoming share swap. These actions are likely to have a substantial impact on the company's capital structure and shareholder composition.

As the implementation progresses, market participants will be keenly watching for further updates and the potential impact on the company's financial health and market performance.

In a recent development in the Indian stock market, an open offer for Lords Mark Industries Limited (formerly known as Lords Mark India Limited) has concluded without any shares being tendered by public shareholders. This offer, initiated by Mr. Sachidanand Hariram Upadhyay, aimed to acquire up to 2,60,000 equity shares, representing 26% of the company's equity and voting share capital.

Open Offer Details

The open offer, which ran from October 13 to October 28, 2025, was priced at Rs. 30.00 per share. Despite the opportunity presented to shareholders, the offer received no response, resulting in no changes to the company's shareholding structure.

Shareholding Structure

The acquirer, Mr. Sachidanand Hariram Upadhyay, had previously acquired a significant stake in Lords Mark Industries through a Share Purchase Agreement. This acquisition remains unchanged following the open offer:

Corporate Governance Update

In related news, Lords Mark Industries Limited has announced the cancellation of its Board Meeting originally scheduled for November 4, 2025. The meeting was intended to consider and approve the unaudited financial results for the quarter and half-year ended September 30, 2025. The company cited unavoidable administrative reasons for the cancellation and stated that a revised date for the Board Meeting would be communicated in due course.

Market Implications

The conclusion of the open offer without any shares being tendered suggests that existing shareholders may be confident in the current management and future prospects of Lords Mark Industries. However, it's important to note that various factors can influence shareholders' decisions during such offers.

As the company moves forward, investors and market watchers will likely keep a close eye on Lords Mark Industries' financial performance and any further corporate actions. The rescheduling of the Board Meeting to review financial results will be an important event to monitor for insights into the company's recent performance.

Navigant Corporate Advisors Limited managed the open offer process, ensuring compliance with SEBI regulations throughout the offer period.