Laxmi Dental Limited has informed the Exchange about General Updates
LAXMIDENTL · price
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BSE Limited has granted in-principle approval for the listing of 500,000 equity shares of Rs. 2 face value each under the Laxmi Dental Employee Stock Option Scheme 2024. These shares will be issued upon exercise of stock options by employees, in compliance with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021. The company must fulfill conditions including payment of fees, receipt of statutory approvals, and compliance with exchange regulations before the shares can be listed and traded.
This approval enables Laxmi Dental to reward employees through equity ownership, which can help attract and retain talent. Existing shareholders may see slight dilution when employees exercise their options, but ESOPs typically align employee interests with company growth.