Lord's Mark Industries Limited has announced its unaudited financial results for the third quarter and nine months ended December 31, 2025. The company, formerly known as Lords Mark India Limited and Kratos Energy & Infrastructure Limited, submitted its quarterly results to BSE Limited in compliance with Regulation 33 of SEBI (LODR) Regulations, 2015.

Board Meeting and Approval Process

The Board of Directors approved the financial results at their meeting held on February 14, 2026. The meeting commenced at 3:00 p.m. and concluded at 3:40 p.m. The Audit Committee reviewed the results before the Board's approval, ensuring proper governance procedures were followed.

Financial Results Structure

The company has submitted both standalone and consolidated financial results for the reporting period. The results have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013. The date of transition to Ind-AS is April 1, 2028.

Consolidated Results and Subsidiary Companies

The consolidated financial results include accounts of five private limited companies merged to consolidate the accounts. The subsidiary structure demonstrates the company's diversified business portfolio across multiple sectors.

Auditor Review and Compliance

The financial results underwent limited review by statutory auditors in accordance with Standard on Review Engagements (SRE) 2410. The auditors conducted their review following the guidelines issued by the Institute of Chartered Accountants of India (ICAI). For consolidated results, subsidiaries' financial statements reflected total assets of Rs 1,12,703.30 Lakhs as on December 31, 2025, with total revenues of Rs. 18,093.00 Lakh and total net profit after tax of Rs 1,689.30 Lakh for the quarter.

Company Information

Lord's Mark Industries Limited operates under CIN L35103MH1979PLC021614 with its registered office located at 317, Maker Chambers V, Nariman Point, Mumbai 400 021. The company has undergone name changes, previously operating as Lords Mark India Limited and Kratos Energy & Infrastructure Limited, reflecting its business evolution and strategic repositioning in the market.

Lord's Mark Industries Limited has informed the BSE about receiving and declining a significant share purchase proposal from JaiBharti Capital Advisory Private Limited. The company received the Expression of Interest on February 05, 2026, but has chosen not to proceed due to its ongoing listing process.

Transaction Details

The proposed transaction involved substantial financial commitments and was backed by professional valuation analysis:

Company Valuation Assessment

The offer price was determined based on a comprehensive valuation report prepared by registered valuer Nitish Chaturvedi. The valuation employed the Discounted Cash Flow (DCF) method across the company's three main business divisions:

The valuation considered the company's diversified operations spanning paper manufacturing, renewable energy solutions, and healthcare products. The pharmaceutical division represented the largest component of the company's assessed value, reflecting strong growth projections in the healthcare sector.

Company's Response and Current Status

Lord's Mark Industries, through its Managing Director Sachidanand Hariram Upadhyay, formally responded to JaiBharti Capital Advisory on February 05, 2026. The company explained that since the trading and listing of its equity shares is currently under process, it cannot consider or proceed with any transactions involving purchase or transfer of equity shares at this stage.

The company emphasized that no transaction has been undertaken and there is no impact on the shareholding pattern, management, or control of the company. This decision aligns with regulatory requirements and standard practices during listing processes.

Business Operations Overview

Lord's Mark Industries operates through three primary divisions. The Paper Division manufactures computer continuous paper stationery and copier papers under the "SAPPHIRE" brand, serving major clients including Indian Railways, postal departments, and government institutions. The LED-Solar Division focuses on renewable energy solutions, including solar street lights and LED lighting systems, with partnerships under government schemes like SAUBHAGYA.

The Healthcare & Pharmaceutical Division operates under the "LordsMed" brand, offering diagnostic products, rapid test kits with ICMR approval, and surgical products. The division also holds an exclusive license from IIT Bombay for specialized technology with significant market potential.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided all necessary documentation to the BSE, including the original Expression of Interest, the company's response letter, and the detailed valuation report.

The company's decision to decline the offer demonstrates adherence to regulatory protocols during the listing process, ensuring transparency and compliance with securities market regulations.

Source: BSE Filing