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Corporate Action23 Jul 2026, 09:50 pm

Lords Mark Industries Allots 7,02,167 Equity Shares

AI Summary

Lords Mark Industries Limited announced the allotment of 7,02,167 equity shares of face value Rs. 10 each. This allotment, made pursuant to a court order and settlement terms, was approved by the Board of Directors on July 23, 2026. The shares were issued at a price of Rs. 10 per share, treated as cash received under settlement terms, to Mr. Satyaprakash Krishnarao, a Non-Resident Indian. The allotted shares will rank pari passu with existing equity shares. The process complied with SEBI Listing Regulations, Companies Act, 2013, FEMA, and applicable RBI approvals.

Key Highlights

  • 7,02,167 equity shares allotted by Lords Mark Industries.
  • Allotment made under court order and settlement terms.
  • Shares issued at Rs. 10 each to an NRI.
  • Allotted shares rank pari passu with existing shares.