Description
Trading suspended in Lords Mark India Ltd (501261) from November 20, 2025 due to implementation of NCLT-approved resolution plan involving capital reduction through extinguishment of promoter shareholding and cancellation of public shareholding.
Summary
BSE has suspended trading in Lords Mark India Ltd (Scrip Code: 501261) effective November 20, 2025, due to the implementation of a resolution plan approved by the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench. The plan involves reduction of equity share capital through complete extinguishment of promoter and promoter group shareholding, and cancellation of public shareholding while maintaining minimum 5% public float. Record date for the capital reduction is November 20, 2025.
Key Points
- Trading in Lords Mark India Ltd (501261) suspended from November 20, 2025 (Settlement DR-760/2025-2026)
- Resolution plan approved by NCLT Mumbai Bench implemented
- Complete cancellation and extinguishment of entire existing promoter and promoter group shareholding
- Public shareholding to be cancelled with minimum 5% maintained post-implementation
- Record date set as November 20, 2025 for capital reduction
- Trading members advised not to deal in equity shares from suspension date
Regulatory Changes
Implementation of NCLT-approved resolution plan involving fundamental changes to capital structure:
- Extinguishment of entire promoter shareholding category
- Restructuring of public shareholding to maintain regulatory minimum of 5%
- Capital reduction mechanism under corporate insolvency framework
Compliance Requirements
- Trading members must not deal in equity shares of Lords Mark India Ltd from November 20, 2025
- All market participants to note the suspension and avoid transactions
- Record date compliance: November 20, 2025 is the cut-off date for capital reduction eligibility
- Trading members required to update systems to reflect suspension status
Important Dates
| Date | Event |
|---|---|
| November 19, 2025 | Circular issued |
| November 20, 2025 | Record date for capital reduction |
| November 20, 2025 | Trading suspension effective date |
| Settlement DR-760/2025-2026 | Applicable settlement number |
Impact Assessment
Market Impact: High - Complete trading suspension affects all existing shareholders and market participants. The stock becomes completely illiquid with no trading permitted.
Shareholder Impact: Severe - Existing promoters face complete extinguishment of their shareholding. Public shareholders will experience significant dilution with only 5% public shareholding maintained post-restructuring, implying ~95% of existing public shares may be cancelled.
Operational Impact: The resolution plan under NCLT supervision indicates the company has undergone corporate insolvency resolution process. The capital restructuring is part of financial rehabilitation, suggesting previous distress.
Legal Framework: Implementation under National Company Law Tribunal authority provides legal sanctity but represents extraordinary corporate action typically associated with insolvency proceedings.
Investor Considerations: Shareholders as of record date November 20, 2025 will be affected by capital reduction. Extent of individual shareholder impact depends on specific terms of the resolution plan regarding which shares are cancelled versus retained in the 5% public float.
Impact Justification
Complete trading suspension and major corporate restructuring involving extinguishment of entire promoter shareholding and significant reduction in public shareholding under NCLT-approved resolution plan