Lord's Mark Industries Limited has submitted a comprehensive revised disclosure to BSE Limited on March 10, 2026, providing detailed clarifications regarding the resignation of three directors and the Chief Financial Officer. The revised submission addresses discrepancies identified by BSE in the company's initial corporate announcement dated March 6, 2026.

Revised Disclosure Details

The company submitted the revised disclosure in response to BSE's email dated March 7, 2026, which pointed out certain discrepancies in the original corporate announcement. The comprehensive disclosure incorporates all required details under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Personnel Changes and Timeline

The Board of Directors accepted resignations from key personnel effective February 27, 2026, following resignation letters submitted on February 10, 2026:

Resignation Documentation

All departing personnel cited personal reasons and professional commitments in their resignation letters dated February 10, 2026. Each resigning member confirmed that there are no other material reasons for their resignation beyond those stated in their respective letters. The resignations resulted in their stepping down from all company committees where they served as Chairman or Member.

Board Meeting and Compliance

The Board Meeting was held on February 27, 2026, commencing at 11:30 A.M. and concluding at 4:00 P.M. at the company's registered office. The company acknowledged a delay in disclosure due to administrative reasons and the time required to obtain detailed resignation letters and confirmations from the concerned directors. Management assured that such delays will not occur in the future.

Corporate Appreciation

The Board placed on record its sincere appreciation for the valuable contribution and guidance provided by all resigning directors and the CFO during their respective tenures with the company. Mr. Sachidanand Hariram Upadhyay continues as Managing Director with DIN 01631728 and signed the regulatory filing on behalf of Lord's Mark Industries Limited.

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.

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.

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.