Hariram Vibhuti Upadhyay has acquired a 0.08% equity stake in Lord's Mark Industries through the allotment of 3.60 lakh equity shares, pursuant to the company's approved resolution plan and scheme of amalgamation.
The allotment was completed on 21 November 2025 following the implementation of the NCLT-approved resolution plan under Section 31 of the Insolvency and Bankruptcy Code (IBC), 2016, and the sanctioned merger scheme.
The acquisition qualifies for exemption from the mandatory open offer requirements under Regulation 10(1)(da) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as the shares were allotted pursuant to an approved resolution plan rather than acquired through the secondary market.
Before the allotment, Hariram Upadhyay did not hold any shares in Lord's Mark Industries. Following the transaction, his shareholding stands at 3,60,000 shares (0.08%), representing a new shareholder addition under the restructuring process.
The transaction forms part of the broader ownership restructuring undertaken after the company's insolvency resolution and merger, which has significantly reshaped the shareholding pattern of Lord's Mark Industries.
The allotment does not involve a market purchase or promoter stake increase but is a consequence of implementing the court-approved corporate restructuring and capital reorganisation.
Since relisting in June 2026, Lord's Mark Industries has continued to execute multiple strategic initiatives across healthcare, diagnostics, renewable energy, and infrastructure, with the post-resolution shareholding changes supporting its transition into a restructured listed entity.
The disclosure enhances transparency around post-resolution ownership changes and ensures compliance with SEBI's disclosure requirements relating to substantial acquisitions and allotments.
