{"id":60715,"date":"2026-10-01T15:49:34","date_gmt":"2026-10-01T10:19:34","guid":{"rendered":"https:\/\/financialtelegraph.in\/index.php\/2026\/10\/01\/lords-mark-industries-promoter-proposes-reinvestment-of-share-sale-proceeds-for-medical-device-expansion\/"},"modified":"2026-10-01T15:49:34","modified_gmt":"2026-10-01T10:19:34","slug":"lords-mark-industries-promoter-proposes-reinvestment-of-share-sale-proceeds-for-medical-device-expansion","status":"publish","type":"post","link":"https:\/\/financialtelegraph.in\/index.php\/2026\/10\/01\/lords-mark-industries-promoter-proposes-reinvestment-of-share-sale-proceeds-for-medical-device-expansion\/","title":{"rendered":"Lord\u2019s Mark Industries Promoter Proposes Reinvestment of Share Sale Proceeds for Medical Device Expansion"},"content":{"rendered":"<p class=\"wp-block-paragraph\"><strong>New Delhi [India], October 1:<\/strong> Lord\u2019s Mark Industries Ltd has informed the BSE that its promoter, Sachidanand Hariram Upadhyay, has proposed reinvesting a majority of the proceeds received from the recent sale of equity shares into the company\u2019s medical device business.<\/p>\n<p class=\"wp-block-paragraph\">According to the company\u2019s regulatory filing dated October 1, 2026, the promoter sold 89,98,598 equity shares, having a face value of \u20b910 each, through open-market transactions on the BSE on September 29. The transaction generated aggregate net proceeds of approximately \u20b976.18 crore.&nbsp;<\/p>\n<p class=\"wp-block-paragraph\">Following the transaction, the company said it received a confirmation and proposal from the promoter regarding the proposed reinvestment of the funds.<\/p>\n<p class=\"wp-block-paragraph\">The promoter has proposed deploying a majority of the share-sale proceeds towards the strategic expansion of Lord\u2019s Mark Industries\u2019 medical device unit through what the filing described as a \u201cviable and acceptable means.\u201d The filing, however, did not specify the exact amount proposed to be reinvested, the mode of investment or a timeline for deployment.<\/p>\n<p class=\"wp-block-paragraph\">\n","protected":false},"excerpt":{"rendered":"<p>New Delhi [India], October 1: Lord\u2019s Mark Industries Ltd has informed the BSE that its promoter, Sachidanand Hariram Upadhyay, has proposed reinvesting a majority of the proceeds received from the &hellip; <a href=\"https:\/\/financialtelegraph.in\/index.php\/2026\/10\/01\/lords-mark-industries-promoter-proposes-reinvestment-of-share-sale-proceeds-for-medical-device-expansion\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":60714,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-60715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/posts\/60715","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/comments?post=60715"}],"version-history":[{"count":0,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/posts\/60715\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/media\/60714"}],"wp:attachment":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/media?parent=60715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/categories?post=60715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/tags?post=60715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}