Lords Mark India Limited , formerly known as Kratos Energy & Infrastructure Limited, has taken significant steps in implementing its Resolution Plan following approval by the National Company Law Tribunal (NCLT). The company recently held its second Monitoring Committee meeting, where key decisions were made regarding share extinguishment and creditor settlements.

Share Extinguishment Approved

In a unanimous decision, the Monitoring Committee approved the extinguishment of a substantial portion of the company's shares:

• The entire promoter shareholding, comprising 49% (490,051 shares), will be extinguished.
• 95% of the public shareholding (484,452 shares) will also be extinguished.
• Only 5% of public shares (25,497 shares) will be retained.

This move is part of the approved Base Resolution Plan and does not require additional procedures or compliances typically prescribed under the Companies Act, 2013 and SEBI regulations.

Creditor Settlements

Lords Mark India Limited has made significant progress in settling its debts with various creditors. The company reported payments totaling over ₹3.73 crore to multiple parties:

These payments were made as part of the full and final settlement under the Base Resolution Plan.

Pending Payment

The company noted that a payment of ₹19,025 to the Professional Tax Department remains pending due to missing payee account details.

Corporate Governance

The Monitoring Committee meetings, held via Zoom video conference, were conducted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The committee approved the minutes of its first meeting and reviewed the progress of the Resolution Plan implementation.

Mr. Niket Naik, a director of Kratos Energy & Infrastructure Limited, confirmed the share extinguishment during the meeting. The committee members agreed to file the necessary statutory forms with the Registrar of Companies and keep the Resolution Professional informed of the proceedings.

Lords Mark India Limited continues to operate under its registered office at 317, Maker Chamber V, 221, Nariman Point, Mumbai - 400021. Shareholders and stakeholders can find more information on the company's website at https://lordsmarkindia.com/ .

As the company progresses with its Resolution Plan, these actions represent significant steps towards financial restructuring and corporate revival. The extinguishment of shares and settlement of creditor claims mark important milestones in Lords Mark India Limited's path to recovery and renewed operations.

Lords Mark , formerly known as Kratos Energy & Infrastructure Limited, has announced several key developments following its Board of Directors meeting held on August 14, 2025. The company, headquartered in Mumbai, has taken significant steps in financial reporting, corporate governance, and shareholder engagement.

Q1 FY2026 Financial Results

The Board of Directors approved the unaudited financial results for the first quarter ended June 30, 2025. While specific financial figures were not disclosed in the announcement, the company has confirmed that these results have been reviewed by the Audit Committee and are in compliance with Schedule III requirements.

Appointment of New Secretarial Auditors

In a move to strengthen its corporate governance practices, Lords Mark has appointed M/s. BKP & Associates as its new secretarial auditors. The appointment is for a term of five consecutive years, effective from April 1, 2025, to March 31, 2030, subject to shareholder approval at the upcoming Annual General Meeting (AGM).

BKP & Associates is a peer-reviewed firm of practicing Company Secretaries based in Kolkata. The firm specializes in various corporate law services, including SEBI, RBI, FEMA, Income Tax, GST, and Intellectual Property Rights.

45th Annual General Meeting

The company has scheduled its 45th AGM for September 30, 2025, at 11:30 AM. The meeting will be conducted via video conferencing. Key details include:

• Cut-off date for shareholder voting eligibility: September 22, 2025
• E-voting services to be provided by National Securities Depository Limited (NSDL)
• Mr. Binay Kumar Pandey from BKP & Associates appointed as scrutinizer for the e-voting process

Other Board Approvals

The Board meeting, which lasted from 1:00 PM to 3:40 PM, also saw the approval of the Directors' Report for the financial year 2024-25. This report, along with its annexures, will be presented to shareholders at the upcoming AGM.

Management Commentary

Mr. Rajesh Raghunath Pawar, Director of Lords Mark, signed off on the regulatory filings, emphasizing the company's commitment to transparency and good corporate governance practices.

As Lords Mark continues to evolve and strengthen its corporate structure, these developments signal the company's focus on maintaining strong financial reporting standards and enhancing shareholder engagement in the digital age.