Lord's Mark Industries Limited Announces Resignation of Three Directors and CFO

1 min read Updated on 06 Mar 2026, 12:44 PM

Reviewed by

Suketu GScanX News Team

Overview

Lord's Mark Industries Limited has announced significant leadership changes with the resignation of three directors and its Chief Financial Officer, all effective February 27, 2026. The Board formally accepted these resignations during a meeting held on the same date, following resignation letters submitted on February 10, 2026. The company has fulfilled its regulatory obligations by filing proper intimation to BSE Limited under SEBI regulations.

*this image is generated using AI for illustrative purposes only.

Lord's Mark Industries Limited has announced significant changes in its leadership structure through a formal regulatory filing to BSE Limited dated March 6, 2026. The company, formerly known as Lords Mark India Limited and Kratos Energy & Infrastructure Limited, communicated these developments under SEBI (LODR) Regulations, 2015.

Board Meeting and Resignations

The Board of Directors convened on Friday, February 27, 2026, at 11:30 A.M. at the company's registered office to formally accept the resignations. All resignations became effective from February 27, 2026, following resignation letters submitted by the respective personnel on February 10, 2026.

Details of Departing Personnel

The following key personnel have resigned from their positions:

Name:	Designation	DIN
Mrs. Feroza Panday	Non-Executive Woman Director	00232812
Mr. Niket Naik	Non-Executive Independent Director	07318527
Mr. Rajesh Raghunath Pawar	Whole-time Director	00232533
Mr. Muralidharan Pazhaya Fisharam	Chief Financial Officer (CFO)	00232327

Regulatory Compliance

The company fulfilled its regulatory obligations by filing the intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The formal communication to BSE Limited was dated March 6, 2026, ensuring proper disclosure of these material changes in the company's leadership structure.

Company Response

The Board of Directors placed on record its sincere appreciation for the valuable contribution and guidance provided by all resigning members during their respective tenures. The resignations were accepted as tendered via respective resignation letters dated February 10, 2026.

Corporate Information

Lord's Mark Industries Limited, with CIN L35103MH1979PLC021614, operates from its registered office at 317, Maker Chamber V, 221 Nariman Point, Mumbai. The company trades on BSE with scrip code 501261. Mr. Sachidanand Hariram Upadhyay continues as Managing Director with DIN 01631728, having signed the regulatory filing on behalf of the company.

Lord's Mark Industries Limited Addresses Regulatory Compliance Issues in Q2FY26 Financial Results

2 min read Updated on 23 Dec 2025, 06:15 PM

Reviewed by

Shriram SScanX News Team

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Overview

Lord's Mark Industries Limited rectified compliance discrepancies in its Q2FY26 financial results submission following BSE communications. The company corrected Consolidated Limited Review Report format issues and missing signatures in Standalone Financial Results, obtaining proper board authorization and resubmitting compliant documents to ensure full SEBI regulatory adherence.

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Lord's Mark Industries Limited has successfully addressed regulatory compliance discrepancies in its financial results submission for the quarter ended September 30, 2025, following correspondence from BSE Limited regarding non-compliance issues identified in December 2025.

Regulatory Compliance Issues Identified

The company faced two primary compliance challenges in its initial submission under Regulation 33/52 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These issues required immediate rectification to ensure full regulatory compliance.

Issue Type:	Description	Resolution Status
Consolidated Review Report:	Format non-compliance with SEBI Circular CIR/CFD/CMD1/44/2019	Rectified
Standalone Results:	Missing required signatures under Regulation 33(2)(b)	Rectified

Consolidated Financial Results Correction

The Consolidated Limited Review Report initially submitted did not strictly comply with the format prescribed under SEBI Circular No. CIR/CFD/CMD1/44/2019 dated March 29, 2019. Specifically, Point No. 4 of the prescribed format was inadvertently omitted from the original submission.

The company has obtained a revised Consolidated Limited Review Report from its Statutory Auditors, ensuring complete compliance with the SEBI-prescribed format requirements.

Standalone Financial Results Amendment

The Standalone Financial Results were inadvertently uploaded without the requisite signature as required under Regulation 33(2)(b) of SEBI (LODR) Regulations, 2015. This technical oversight has been fully addressed through proper authorization procedures.

Authorization Details:	Information
Board Resolution Date:	November 12, 2025
Authorized Signatory:	Mr. Vinay Benigopal Sarda, Director
Director Identification:	DIN-07586783
Meeting Time:	4:30 P.M.

Board Authorization and Documentation

The Board of Directors passed a comprehensive resolution on November 12, 2025, authorizing Mr. Vinay Benigopal Sarda to sign both Standalone and Consolidated Unaudited Financial Results for the quarter and half-year ended September 30, 2025. The resolution also empowers the authorized director to submit financial results to stock exchanges along with all necessary supporting documents.

A certified true copy of the Board Resolution has been provided to BSE Limited as part of the compliance documentation. The rectified PDF files for both Standalone and Consolidated Financial Results have been uploaded on the BSE Listing Portal.

Company Commitment to Compliance

Lord's Mark Industries Limited has expressed regret for the inconvenience caused by these initial compliance issues. The company has assured strict adherence to SEBI (LODR) Regulations in all future submissions, demonstrating its commitment to maintaining high standards of regulatory compliance and transparency in financial reporting.