Key Clarification on Trading Status
The equity shares of Lord's Mark Industries Limited are currently displayed by BSE Limited under the category "Trading Restricted — On account of IRP as per IBC/ Recommencement post IBC - IRP Stage-1."
The company clarifies that:
1. This classification is part of the standard surveillance framework implemented by BSE Ltd for companies whose trading has recommenced after the implementation of a Resolution Plan approved under the Insolvency and Bankruptcy Code, 2016 (IBC).
2. The categorization is a regulatory surveillance mechanism and should not be construed as indicating any adverse financial, operational, governance, or compliance-related issue concerning the Company.
Background and Current Status
Trading in the company's equity shares recommenced after BSE Limited granted approval. This approval followed the successful implementation of a Resolution Plan, which was itself approved by the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench. The NCLT's approval order was dated 28th July 2025.
Currently, trading is subject to the applicable surveillance framework prescribed by the Stock Exchange for the recommencement of trading post-IBC.
Company's Action
The company has represented its case to the BSE surveillance and listing department, contending that the said rule (and its resulting trading category) is not applicable to them. A request for an exemption has been submitted to BSE, and the company is awaiting a revert (response).
Purpose of the Disclosure
This clarification is issued to ensure investors and shareholders have a clear understanding of the regulatory classification and to avoid any misunderstanding regarding the company's present operational and compliance status.