Lord's Mark Industries Partners with C-MET to Develop AI-Powered Breast Cancer Detection Device

2 min read     Updated on 10 Mar 2026, 08:32 PM
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Overview

Lord's Mark Industries Limited has signed a Technology Transfer Agreement with C-MET to develop and commercialize an AI-powered, radiation-free wearable device for early breast cancer detection. The device uses advanced thermal sensors and AI-driven temperature mapping for non-invasive screening, targeting the global breast cancer diagnostics market projected to reach USD 12.88 billion by 2035. Commercial launch is expected by the end of the current calendar year, with plans for mass screening across India and international markets.

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Lord's Mark Industries Limited has announced a strategic Technology Transfer Agreement (TTA) with the Centre for Materials for Electronic Technology (C-MET), an autonomous scientific society under the Ministry of Electronics and Information Technology (MeitY), Government of India. The partnership focuses on manufacturing and commercializing an AI-powered, radiation-free wearable device for early detection of breast cancer, marking a significant advancement in preventive healthcare technology.

Revolutionary Technology Features

The proposed device represents a breakthrough in breast cancer screening technology by integrating advanced thermal sensors with artificial intelligence-driven temperature mapping. This innovative approach enables the detection of early-stage abnormalities in a non-invasive and radiation-free manner, addressing major barriers associated with traditional mammography procedures. The device eliminates radiation exposure while providing a painless screening experience, making it more accessible to a broader population.

Partnership Details and Strategic Impact

Parameter: Details
Objective: Manufacture world's first AI-powered, radiation-free breast screening wearable device
Technology Partner: Centre for Materials for Electronic Technology (C-MET)
Technology Type: High-precision thermal sensors with AI-driven temperature mapping
Market Projection: Global breast cancer diagnostics market expected to reach USD 12.88 billion by 2035
Commercial Launch: Expected by end of current calendar year

The collaboration leverages C-MET's research and development excellence alongside Lord's Mark's manufacturing and distribution capabilities. This strategic alliance aims to provide an affordable, portable, and scalable screening solution that can revolutionize breast cancer detection methodologies globally.

Market Potential and Commercialization Strategy

The company intends to commercialize this product for mass screening across India and international markets. With the global breast cancer diagnostics market projected to reach approximately USD 12.88 billion by 2035, this partnership positions Lord's Mark Industries at the forefront of the indigenous Med-Tech sector. The device's non-invasive nature and elimination of radiation exposure address significant concerns that often deter women from regular screening.

Management Perspective

Mr. Sachidanand Upadhyay, Managing Director, emphasized the significance of this collaboration, stating that it marks a defining step in the company's journey to build globally competitive, indigenous healthcare technologies. He highlighted how integrating C-MET's scientific expertise with the company's manufacturing strength enables a new paradigm in preventive diagnostics that is non-invasive, AI-driven, and truly accessible.

Innovation in Healthcare Technology

This partnership represents a significant milestone in India's healthcare technology landscape, combining government-backed research capabilities with private sector manufacturing expertise. The AI-powered device addresses critical gaps in current breast cancer screening methods by offering a solution that is both technologically advanced and patient-friendly. The radiation-free approach particularly addresses concerns about repeated exposure during regular screening protocols, potentially encouraging more frequent and early detection practices.

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Lord's Mark Industries submits revised disclosure on director resignations

1 min read     Updated on 10 Mar 2026, 05:26 PM
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Overview

Lord's Mark Industries Limited provided comprehensive revised disclosure to BSE clarifying resignation details of three directors and CFO, including complete documentation and regulatory compliance under SEBI regulations, with all resignations effective February 27, 2026.

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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:

Name: Designation DIN Effective Date
Mrs. Feroza Panday Non-Executive Woman Director 00232812 February 27, 2026
Mr. Niket Naik Non-Executive Independent Director 07318527 February 27, 2026
Mr. Rajesh Raghunath Pawar Whole-time Director 00232533 February 27, 2026
Mr. Muralidharan Pazhaya Pisharam Chief Financial Officer (CFO) 00232327 February 27, 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.

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