{"id":74085,"date":"2026-10-01T15:49:34","date_gmt":"2026-10-01T10:19:34","guid":{"rendered":"https:\/\/newswiredelhi.com\/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:\/\/newswiredelhi.com\/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":"<div>\n<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.\u00a0<\/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<\/div>\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;]<\/p>\n","protected":false},"author":1,"featured_media":74086,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_rishi_post_view_count":1},"categories":[4],"tags":[54],"class_list":["post-74085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business","rishi-post"],"rishi__cb_customizer_meta":"","comments_count":"0","_links":{"self":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts\/74085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/comments?post=74085"}],"version-history":[{"count":0,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts\/74085\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/media\/74086"}],"wp:attachment":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/media?parent=74085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/categories?post=74085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/tags?post=74085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}