With reference to the sale of Equity shares of the company by promoter intimated to the stock Exchange vide letter dated September 21, 2026. In this regard, Lord's Mark Industries has informed that the Company has received a Confirmation and proposal from the Promoters, Sachidanand H Upadhyay for reinvestment of the funds received from the said sale of Equity Shares, confirming the following: 1. Sale of shares: The Promoters sold 1,03,56,983 Equity Shares of the Company of face value Rs. 10 each on September 18, 2026 through block deal/open market transaction on BSE for an aggregate net proceeds of Rs. 87,38,75,210, and the funds were credited to the bank account. 2. Confirmation and Proposal for reinvestment: The Promoters have confirmed and proposed to reinvest the majority of the funds received from the sale of the Equity Shares, towards expansion of the medical device unit of the company through a viable and acceptable means.
The above information is a part of company’s filings submitted to BSE.
