Laxmi Dental Limited has informed the Exchange regarding appointment of M/s. Abhay Subhash & Associates, Chartered Accountants, as Tax Auditors of the Company w.e.f. April 01, 2025 for the FY 2025-26.
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The board of Laxmi Dental approved a Scheme of Amalgamation to merge Bizdent Devices Private Limited (its wholly-owned subsidiary) into the company, subject to regulatory and RD approvals. Since Laxmi Dental holds the entire share capital of Bizdent, no new shares will be issued and there is no change in the company's shareholding pattern; shares of the subsidiary will simply be cancelled. The board also approved the re-appointment of M/s. Abhay Subhash & Associates as Tax Auditors for FY 2025-26 and appointed M/s. Bathiya Advisors LLP as Internal Auditors for FY 2026-27. Several internal designation changes were approved, including Mr. Manan Khakhar becoming CEO of Vedia Solutions and Mr. Mitesh Kariya moving to COO of Illusion Dental. Mr. Kariya also surrendered 32,538 ESOPs under the ESOP 2024 scheme, leaving him with 49,000 outstanding options.
This is largely a housekeeping restructuring: merging a wholly-owned subsidiary simplifies the group structure and cuts compliance costs, but it has no impact on existing shareholders since no new shares are issued and the shareholding pattern remains unchanged. The auditor and designation changes are routine corporate governance matters with no expected stock price impact.