Lords Mark India Limited , formerly known as Kratos Energy & Infrastructure Limited, has announced significant corporate developments that are set to reshape the company's structure and financial standing.

NCLT Approval for Amalgamation

The National Company Law Tribunal (NCLT), Mumbai Bench, has given its stamp of approval for the amalgamation of Lord's Mark Industries Limited with Lords Mark India Limited. This crucial decision was passed through an order, marking a pivotal moment in the company's corporate journey.

Substantial Increase in Authorized Share Capital

Alongside the merger approval, Lords Mark India Limited has received the green light for a substantial increase in its authorized share capital. The company's capital base has expanded from ₹5.00 crores to an impressive ₹190.00 crores, representing a significant boost of ₹185.00 crores.

Regulatory Compliance and Implementation

The company has diligently followed the regulatory process, filing Form INC-28 with the Ministry of Corporate Affairs (MCA). The MCA has subsequently approved these transformative changes, setting the stage for their implementation.

Corporate Identity Update

It's worth noting that Lords Mark India Limited was previously operating under the name Kratos Energy & Infrastructure Limited. This rebranding aligns with the company's evolving business strategy and corporate identity.

Implications and Next Steps

The amalgamation and capital increase are expected to strengthen Lords Mark India Limited's market position and financial capabilities. The company has stated that necessary steps and regulatory filings to give effect to these changes are currently underway.

Investor Communication

In compliance with regulatory requirements, Lords Mark India Limited has informed the BSE Limited about these developments under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has committed to keeping the Exchange informed of all further developments related to these corporate actions.

Trading Window Closure

In a separate announcement, Lords Mark India Limited has notified its directors, promoters, designated officials, and their immediate relatives about the closure of the trading window. The trading window will be closed until 48 hours after the declaration of the company's unaudited financial results for the second quarter and half-year. This measure is in line with SEBI regulations to prevent insider trading.

These developments signal a new chapter for Lords Mark India Limited, with potential implications for its operational scale, market presence, and shareholder value. Investors and market watchers will be keenly observing how these changes translate into the company's future performance and strategic direction.

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.