Laxmi Dental Limited has informed the Exchange about change in Management
LAXMIDENTL · price
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At its March 26, 2026 meeting, the Board of Laxmi Dental approved the amalgamation of Bizdent Devices Private Limited (its wholly owned subsidiary that makes aligners, sleep apnea devices, and sports guards) into the listed company. No new shares will be issued and the shareholding pattern will remain unchanged. M/s Abhay Subhash & Associates was re-appointed as Tax Auditor for FY25-26, and M/s Bathiya Advisors LLP was appointed as Internal Auditor for FY26-27. Three management changes were announced: Mr. Mitesh Kariya moved from Director & Associates to COO – Illusion Dental, Mr. Arun Babu John from VP – Sales & BD to CRO – Illusion Dental, and Mr. Manan Khakhar from Business Head to CEO – Vedia Solutions. Mitesh Kariya also surrendered 32,538 ESOPs, leaving 49,000 outstanding under the ESOP 2024 scheme.
The merger is an internal consolidation of a fully owned subsidiary, so there is no share dilution or change in ownership for shareholders. The new designations suggest organizational restructuring of business units (Illusion Dental, Vedia Solutions) rather than top-level resignations, and the event is largely neutral to mildly positive given expected cost synergies and reduced compliance overhead.