Kratos Energy & Infrastructure Ltd — Updates, 01-01-1970: Company Update

Lords Mark India Limited (formerly Kratos Energy & Infrastructure Limited) has an open offer by Mr. Sachidanand Hariram Upadhyay to acquire up to 26% (2.6 lakh shares) at Rs. 30 per share, following a share purchase agreement to buy 49.01% from the promoter group. Post-offer, the Acquirer expects to hold 75.01% and gain management control. Lords Mark is engaged in diversified businesses, including power generation, pharmaceuticals, LED lighting, fire safety, solar products, and electric vehicles. The company’s recent audited net loss was Rs. 672.89 lakh with negative net worth. The Acquirer has confirmed financial capacity, an escrow of Rs. 78 lakh, and intentions to maintain and possibly expand the business while reconstituting the Board.