Lord's Mark Industries Limited Allots 7,02,167 Equity Shares via Preferential Issue
Lord's Mark Industries Limited announced the preferential allotment of equity shares following its Board meeting held on July 23, 2026. The company approved the issuance of 7,02,167 Equity Shares, each with a face value of Rs. 10/-.The allotment was executed based on Consent Terms dated June 2026 and the Order passed by the Hon'ble High Court of Judicature at Bombay. The court order specifically relates to Commercial Arbitration Petition (L) No. 12942 of 2026, involving Satyaprakash Krishnarao versus Lord's Mark Industries Limited and others.
The shares were allotted as a result of the settlement terms, with the issue price set at Rs. 10/- per share, which is treated as cash received pursuant to the settlement agreement. Mr. Satyaprakash Krishnarao was named as the allottee, categorized as a Non-Resident Indian (NRI).
Key details regarding the preferential allotment include:
| Particulars | Details |
|---|---|
| Type of securities issued | Equity Shares |
| Type of issuance | Preferential Allotment pursuant to Court Order / Settlement Agreement |
| Total number of securities allotted | 7,02,167 Equity Shares of Face Value Rs. 10/- each |
| Issue price / Consideration | Rs. 10/- per share (Treated as cash received pursuant to settlement terms) |
| Name and Category of Allottee | Mr. Satyaprakash Krishnarao Category: Non-Resident Indian (NRI) |
| Post-allotment outcome / Ranking | The allotted shares shall rank pari passu in all respects with the existing fully paid-up Equity Shares of the Company. |
The successful completion of this allotment follows the compliance with applicable requirements stemming from the Hon'ble Bombay High Court Order dated 18.06.2026, and related RBI approvals.
Stock Price Movement
Lords Mark Industries Ltd. settled on Thursday at ₹94.25, edging higher after gaining 1.45%. The shares saw intraday volatility, trading within a range that spanned from a low of ₹91.00 to a high of ₹96.40.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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