Laxmi Dental Limited has informed the Exchange about Amalgamation/Merger
LAXMIDENTL · price
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The board has approved a scheme of amalgamation to merge Bizdent Devices Private Limited, a wholly owned subsidiary that makes dental aligners, sleep apnoea devices and sports guards, into Laxmi Dental Limited under Sections 230 and 233 of the Companies Act, 2013. No new shares will be issued and there will be no change in the shareholding pattern, since Laxmi Dental already owns the entire share capital of Bizdent, which will simply be cancelled upon the scheme taking effect. Bizdent reported total income of about Rs 533 million in FY25 and Rs 311 million for the nine months ended December 2025, compared with Laxmi Dental's Rs 1,759 million and Rs 1,589 million for the same periods. The scheme is subject to approvals from the Regional Director, stock exchanges and other regulators. The board also approved updates to multiple governance policies, re-appointed the tax auditor for FY26, appointed a new internal auditor for FY27, changed designations of three executives, and noted the surrender of 32,538 ESOPs by Mr. Mitesh Kariya (leaving 49,000 ESOPs outstanding).
This is a routine internal restructuring to consolidate a wholly owned subsidiary into the listed parent, aimed at cutting compliance costs and simplifying the group structure. Shareholders face no dilution and no change in ownership, so the stock impact should be neutral to mildly positive on completion.