Lord's Mark Industries Limited
Key Quantitative Figures
The Board of Directors approved the allotment of 7,02,167 (Seven Lakh Two Thousand One Hundred Sixty-Seven) Equity Shares of face value of ₹10 each.
Dates of Action
- Board Meeting Date: July 23, 2026 (commenced at 10:30 A.M., concluded at 8:00 P.M.)
- Bombay High Court Order Date: June 18, 2026
- Consent Terms Date: June 2026
Parties Involved
- Issuing Company: Lord's Mark Industries Limited
- Allottee: Mr. Satyaprakash Krishnarao (Non-Resident Indian - NRI)
- Regulatory Authorities: Hon'ble High Court of Judicature at Bombay, Reserve Bank of India (RBI)
- Legal Reference: Commercial Arbitration Petition (L) No. 12942 of 2026 (Satyaprakash Krishnarao vs. Lord's Mark Industries Limited & Ors.)
Purpose and Rationale
The allotment was made pursuant to Consent Terms dated June 2026 and the Order dated June 18, 2026 passed by the Hon'ble High Court of Bombay in the commercial arbitration matter. The settlement terms treated the allotment as cash received pursuant to settlement.
Regulatory Framework
Compliance with:
- Sections 42, 62(1)(b), and 179(3) of the Companies Act, 2013
- Foreign Exchange Management Act, 1999 (FEMA)
- Applicable RBI approval requirements
- SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023
SEBI Circular Disclosure Details
| 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 ₹10 each |
| Issue price / Consideration | ₹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 existing fully paid-up Equity Shares |
| Regulatory / Statutory Approvals | 1. Bombay High Court Order dated 18.06.2026 (Comm. Arb. Pet. (L) No. 12942/2026)<br>2. RBI Approval / Reference No. FC_TRS0725107814 |
| In case of convertibles | Not Applicable |
Capital Structure Impact
The newly allotted 7,02,167 equity shares will rank pari passu in all respects with the existing fully paid-up Equity Shares of the Company.
Attachments
1. Certified True Copy of Board Resolution dated 23rd July 2026
2. Certified Copy of Bombay High Court Order dated 18th June 2026
#Lord'sMarkIndustries #PreferentialAllotment #SEBIRegulation30 #CourtOrderSettlement #Neutral