{"id":60250,"date":"2026-09-24T10:40:43","date_gmt":"2026-09-24T05:10:43","guid":{"rendered":"https:\/\/financialtelegraph.in\/index.php\/2026\/09\/24\/lords-mark-industries-promoter-proposes-reinvestment-of-share-sale-proceeds-in-medical-device-unit\/"},"modified":"2026-09-24T10:40:43","modified_gmt":"2026-09-24T05:10:43","slug":"lords-mark-industries-promoter-proposes-reinvestment-of-share-sale-proceeds-in-medical-device-unit","status":"publish","type":"post","link":"https:\/\/financialtelegraph.in\/index.php\/2026\/09\/24\/lords-mark-industries-promoter-proposes-reinvestment-of-share-sale-proceeds-in-medical-device-unit\/","title":{"rendered":"Lord\u2019s Mark Industries Promoter Proposes Reinvestment of Share-Sale Proceeds in Medical Device Unit"},"content":{"rendered":"<div>\n<p><img loading=\"lazy\" width=\"1200\" height=\"675\" src=\"https:\/\/financialtelegraph.in\/wp-content\/uploads\/2026\/09\/PNN-2026-09-24T104030845.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Lord\u2019s Mark Industries Promoter Proposes Reinvestment of Share-Sale Proceeds in Medical Device Unit\" decoding=\"async\"><\/p>\n<p class=\"wp-block-paragraph\"><strong>New Delhi [India], September 24: <\/strong>Lord\u2019s Mark Industries Limited has informed the BSE that its promoter, Sachidanand Hariram Upadhyay, has proposed to reinvest the majority of the proceeds received from a recent sale of equity shares into the expansion of the company\u2019s medical device unit.<\/p>\n<p class=\"wp-block-paragraph\">According to the company\u2019s September 24, 2026 exchange filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, the disclosure follows an earlier intimation made to the stock exchange on September 21 regarding the promoter\u2019s share sale.<\/p>\n<p class=\"wp-block-paragraph\">The promoter sold 1,03,56,983 equity shares of Lord\u2019s Mark Industries, having a face value of \u20b910 each, on September 18, 2026. The transaction was carried out through a block deal\/open-market transaction on the BSE and generated aggregate net proceeds of \u20b987.39 crore. The company said the proceeds were credited to the promoter\u2019s bank account.<\/p>\n<p class=\"wp-block-paragraph\">In the latest filing, the promoter confirmed and proposed that the majority of the funds received from the share sale would be reinvested towards expanding the company\u2019s medical device unit through what the filing described as a \u201cviable and acceptable means.<\/p>\n<p class=\"wp-block-paragraph\">\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi [India], September 24: Lord\u2019s Mark Industries Limited has informed the BSE that its promoter, Sachidanand Hariram Upadhyay, has proposed to reinvest the majority of the proceeds received from &hellip; <a href=\"https:\/\/financialtelegraph.in\/index.php\/2026\/09\/24\/lords-mark-industries-promoter-proposes-reinvestment-of-share-sale-proceeds-in-medical-device-unit\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":60251,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[448],"class_list":["post-60250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business","entry"],"_links":{"self":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/posts\/60250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/comments?post=60250"}],"version-history":[{"count":0,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/posts\/60250\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/media\/60251"}],"wp:attachment":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/media?parent=60250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/categories?post=60250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/tags?post=60250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}