
Lords Mark: BSE Listing by June 5; 42.66 Cr Shares Allotted
The 6th Monitoring Committee meeting of Lords Mark Industries Ltd (formerly Kratos Energy & Infrastructure Limited) on April 28, 2026, approved several key actions. The Bombay Stock Exchange (BSE) has expressed satisfaction with submitted documents, and listing and trading are tentatively scheduled for June 5, 2026. The Committee unanimously approved the handover of management and control to the reconstituted Board of Directors, coinciding with the trading commencement. It also approved the allotment of 42,65,96,580 equity shares of ₹10/- each to eligible shareholders as of November 5, 2025, based on a 1.25:1 swap ratio. The reconstituted Board has the liberty to appoint Independent Directors by June 5, 2026. The erstwhile Resolution Professional will coordinate with BSE to ensure all regulatory requirements for listing are reviewed and trading resumption is approved before the end of May 2026. Conversion of all pending warrants of the erstwhile company into equity shares of Lords Mark Industries Limited will occur immediately following listing and commencement of trading. Professional fees and expenses of the Erstwhile RP totaling ₹9,44,000/- were ratified.
Key Highlights
- BSE listing and trading tentatively scheduled for June 5, 2026.
- Management control to be handed over to reconstituted Board on June 5.
- Allotment of 42.66 crore equity shares approved (1.25:1 swap ratio).
- Independent Directors to be appointed by reconstituted Board by June 5.
- Pending warrants to convert into equity shares post-listing.