Laxmi Dental Limited has informed the Exchange regarding Appointment of M/s. Bathiya Advisors LLP, Chartered Accountants, as Internal Auditors of the company w.e.f. April 01, 2026 for the FY 2026-27.
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Laxmi Dental's board approved the merger of its wholly-owned subsidiary Bizdent Devices Private Limited into itself, with no new shares issued and no change in shareholding pattern, aiming to simplify the group structure and cut compliance costs. Bizdent had a total income of about Rs 5.33 crore (FY25) and net worth of about Rs 1.14 crore as of March 2025. The board re-appointed M/s. Abhay Subhash & Associates as Tax Auditors for FY26 and appointed M/s. Bathiya Advisors LLP as Internal Auditors for FY27. Several senior leaders received new designations: Mr. Mitesh Kariya became COO of Illusion Dental, Mr. Arun Babu John became Chief Revenue Officer of Illusion Dental, and Mr. Manan Khakhar became CEO of Vedia Solutions. Mr. Kariya also surrendered 32,538 ESOPs, leaving him with 49,000 outstanding options. The board also updated 17 internal policies in line with the latest SEBI regulations.
The amalgamation of a small wholly-owned subsidiary is a routine housekeeping move with no dilution or change in shareholding, so impact on shareholders is largely administrative. The auditor and management changes appear routine and do not signal any governance red flags, though investors may want to watch how the newly designated CEOs perform at the Illusion Dental and Vedia Solutions divisions.