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

Mr. Sachidanand Hariram Upadhyay has announced a board meeting to consider an open offer to acquire up to 26% stake in Lords Mark India Limited (formerly Kratos Energy & Infrastructure Limited) at Rs. 30 per share. The acquisition follows a share purchase agreement to buy 49.01% of the company from the existing promoter. Post offer, the acquirer aims to hold 75.01% and take management control. Lords Mark India is engaged in diverse businesses including energy, pharmaceuticals, LED lighting, and electric vehicles, and is currently undergoing a resolution process before NCLT. The acquirer plans to continue and possibly diversify the company’s business, with no immediate plans to dispose of significant assets. The offer is cash-based, backed by escrow funds of Rs. 78 Lacs, and open to all public shareholders.