LMLords Mark Industries501261Debt issuance notice

Board to consider Rs. 100 Crore unsecured loan from promoter with option to convert into equity

Lord's Mark Industries has called a Board Meeting on Friday, October 23, 2026.

By ScoutQuest · Mon 19 Oct 2026, 9:50 PM IST · 1 min read

Proposed unsecured loan amount

Rs. 100 Crore

Board meeting date

Friday, October 23, 2026

Loan terms

Option to convert the same into equity; terms mutually decided as per the loan agreement

What the company told the exchange

• The Board of Directors of Lord's Mark Industries Ltd will meet on Friday, October 23, 2026.
• The board will consider and approve raising an unsecured loan of Rs. 100 Crore.
• The lender is Mr. Sachidanand H Upadhyay, described in the update as Promoter and Directors of the Company.
• The loan carries an option to convert the same into equity.
• The terms and conditions are to be mutually decided as per the loan agreement.
• The proposal is subject to the approval of shareholders of the Company.

The one number that matters

• The proposed loan is Rs. 100 Crore, described as unsecured.
• Because the loan can optionally be converted into equity, the shares that would be issued, and at what terms, would follow the loan agreement.

How to read this

• The update uses the words "consider and approve", so the proposal is placed before the board for its decision, and shareholder approval is also required.
• The money is proposed to come from a promoter and director of the company rather than from an outside lender or the market.
• Details that would shape the outcome for shareholders are the terms of conversion, including the price at which the loan would convert into shares; the update states these are to be mutually decided as per the loan agreement.

What to watch next

• The outcome of the October 23, 2026 board meeting.
• The loan agreement terms, including the conversion option, once decided.
• The shareholder approval step mentioned in the update.

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