Lords Mark Industries Approves MPS Compliance Scheme

Lords Mark Industries Limited's Board of Directors has granted in-principle approval for a two-step corporate restructuring scheme to comply with the Minimum Public Shareholding (MPS) mandate of 25.00%. The scheme involves an Offer for Sale (OFS) by the Promoter Group and a Rights Issue exclusively for public shareholders. A special MPS Committee has been constituted to oversee the process, and Nuvama Wealth Management Limited has been appointed as an advisor for capital restructuring and MPS execution. Additionally, CS Geeta Serwani has been appointed as the Secretarial Auditor for FY 2025-26 to fill a casual vacancy.