Author: Nishtha Mehrotra | EQMint
Lord’s Mark Industries Limited said on October 1, 2026, that promoter Sachidanand Hariram Upadhyay has proposed to reinvest the majority of proceeds from his recent share sale into the company’s medical device unit.
The disclosure was made to BSE Limited (Scrip Code: 501261) under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
According to the filing, Upadhyay sold 89,98,598 equity shares through an open market transaction on BSE on September 29, 2026. The aggregate net proceeds stood at Rs 76.18 crore, with the amount credited to his bank account.
The company said it received a confirmation and proposal from Upadhyay to reinvest the majority of the sale proceeds towards the strategic expansion of its medical device unit through a “viable and acceptable means.”
The filing does not specify the exact amount to be reinvested, the investment structure or a timeline for the proposed expansion.
The Lord’s Mark Industries promoter reinvestment remains a proposal at this stage. Further disclosures may provide details on how the funds will be introduced into the company and the scope of the planned medical device expansion.
Source: https://www.bseindia.com/xml-data/corpfiling/AttachLive/2b178113-b77f-47ee-b1d8-fdd52b945c69.pdf
Disclaimer: This article is for information purposes only and is not investment advice.
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