Lords Mark India Limited , formerly known as Kratos Energy & Infrastructure Limited, has announced a significant change in its promoter shareholding. This development marks a pivotal moment in the company's ownership structure.

Key Details of the Transaction

Implications of the Change

The transfer of the entire promoter stake from El Dorado Guarantee Limited to Mr. Sachidanand Hariram Upadhyay represents a complete shift in the controlling interest of Lords Mark India Limited. This change may lead to new strategic directions or operational changes within the company, although specific plans have not been disclosed at this time.

Regulatory Compliance

In line with regulatory requirements, the company has adhered to the following procedures:

1. Execution of a Share Purchase Agreement between El Dorado Guarantee Limited and Mr. Sachidanand Hariram Upadhyay.
2. Initiation of an Open Offer to the public shareholders, as mandated by SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
3. Compliance with SEBI regulations and obtaining the necessary SEBI Observation Letter.

Company Information

Lords Mark India Limited operates from its registered office at 317, Maker Chamber V, 221, Nariman Point, Mumbai. The company's management has duly informed the BSE about this change in promoter shareholding, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Stakeholders and market observers will be keenly watching for any potential shifts in the company's strategy or operations under the new promotership of Mr. Sachidanand Hariram Upadhyay.

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.