Lords Mark Industries: High Court Order Update on Warrant Conversion

Lords Mark Industries Ltd has provided an update on a High Court of Delhi order dated June 1, 2026, concerning a petition filed by Bennett Coleman and Co. Ltd. (BCCL) under Section 9 of the Arbitration and Conciliation Act, 1996. BCCL sought interim reliefs related to the conversion of warrants subscribed by them and the proposed listing of the company's shares. Lords Mark Industries informed the court that it will issue 10,28,483 equity shares to BCCL at a conversion price of ₹158 per share as per their agreement. Crucially, no adverse order was passed against the company. The filing aims to inform shareholders and the stock exchange about the proceedings and the company's compliance.