BSECompany Update2d ago · 3 Sept 2026, 01:13 pm

Newspaper advertisement for proposed Variation in the Objects/Terms of Utilization of the Initial Public Offering ("IPO") Proceeds and Modification of the Time Limit for Utilization of IPO Proceeds.

Laxmi Dental Ltd · 544339

✦ AI SummaryFundraise

Laxmi Dental Ltd has announced a proposed variation in the objects of the Initial Public Offer (IPO) proceeds and extension of the timeline for utilization of the IPO proceeds. The company has published a newspaper advertisement for the same, as required by the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015.

Analysis Scores

Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk2/10
Liquidity Impact5/10
Market Sentiment5/10

✦ Ask a Question

Ask anything about this announcement — AI will answer based on the filing content.

0/500

Full Announcement

Laxmi Dental Ltd - 544339 - Announcement under Regulation 30 (LODR)-Newspaper Publication

Attachments (1)

📄

32c8b990-689d-49ff-a2f7-1bb50e3b9a10.pdf

pdf

Download →
View document text
LAXMI DENTAL LIMITED Registered Office: 103, Akruti Arcade, OppositeA H Wadia High School, Near Azad Nagar Metro Station, Andheri (West), Mumbai —400058. Tel: 022 61437991 | Email: info@laxmidentallimited.com | Website: www.laxmidentallimited.com CIN No: L51507MH2004PLC147394 | GST No: 27AABCLO001A1ZL Date: September 3, 2026 Listing Department Listing & Compliance Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5% Floor Dalal Street, Mumbai - 400001 Plot No. C/1, “G” Block BSE Scrip Code: 544339 Bandra-Kurla Complex Bandra (E), Mumbai - 400 051 Symbol: LAXMIDENTL Dear Sir(s)/Madam(s), Re: LAXMI DENTAL LIMITED - ISIN: INEOWO601020 Sub.: Submission of copy of Newspaper Advertisement for proposed Variation in the Objects/ Terms of Utilization of the Initial Public Offering (“IPO”) Proceeds and Modification of the Time Limit for Utilization of IPO Proceeds. In continuation of our intimation dated September 2, 2026, regarding the Annual General Meeting Notice of Laxmi Dental Limited (“the Company”) and pursuant to Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015 (“SEBI Listing Regulations”), please find enclosed herewith the copies of extract of newspaper advertisements (PAS-1) published in connection with the proposed variation in the Objects of the Initial Public Offer (“IPO”) Proceeds and extension of the timeline for utilization of IPO Proceeds, in compliance with the requirements of the Companies Act, 2013 and Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The advertisements were published today i.e. September 3, 2026, in the following newspapers: 1. Financial Express (English Newspaper) 2. Mumbai Lakshdeep (Marathi Newspaper) 3. Humara Mahanagar (Hindi Newspaper) The above intimation shall also be made available on website of the Company at www.laxmidentallimited.com. Kindly take the above on record. Thanking you, For Laxmi Dental Limited Suman Saha Company Secretary and Compliance Officer ICSI Membership Number: A33035 Encl.: As above. WWW.FINANCIALEXPRESS.COM THURSDAY, SEPTEMBER 3, 2026 FINANCIAL EXPRESS LAXMI DENTAL LIMITED CIN: L51507MH2004PLC147394 Regd. Office: Office No. 103, Akruti Arcade, J. P. Road, Opposite A. H. Wadia High School, Andheri West, Mumbai, Maharashtra, India, 400058, Tel: +91 22 6143 7991; E-mail Id: co.sec@laxmidentallimited.com, Website: www.laxmidentallimited.com FORM PAS - 1 (Pursuant to Section 27(1) and rule 7(2) of Companies (Prospectus and allotment of Securities) Rules, 2014) Advertisement giving details of notice of special resolution for varying the terms of any contract referred to in the prospectus or altering the objects for which the prospectus was issued. Corporate Identification Number (CIN): L51507MH2004PLC147394 Name of the Company: Laxmi Dental Limited Registered Office address: 103, Akruti Arcade, OppositeA H Wadia High School, Near Azad Nagar Metro Station, Andheri (West), Mumbai —400058. PUBLIC NOTICE Notice is hereby given that by a resolution dated August 27, 2026, the Board of Directors (“the Board”) of Laxmi Dental Limited (“the Company”) has proposed to vary the objects of the Initial Public Offer Proceeds and extension of timeline for utilization of the IPO proceeds, as stated in the prospectus dated January 16, 2025, (“Prospectus”) issued in connection with Offer comprises of the Fresh Issue of 32,24,299 Equity Shares of face value INR 2 each, aggregating to INR 1,380 million by our Company and an Offer for Sale 0f 1,30,85,467 Equity Shares of face value INR 2 each, aggregating to INR 5,600.58 million by the Selling Shareholders. Inpursuance oft he said resolution, further notice is given that for approving the variation of the objects of the Initial Public Offer and extension of timeline for utilization of the IPO proceeds, a special resolution of the Company is to be passed at Annual General Meeting. The resolution shall be subject to the condition that, in the event the resolution is approved by a majority that exceeds the statutory threshold for a special resolution but does notexceed the threshold 0£90% of the shareholders (present and voting, including through remote e-voting), the Company shall, notwithstanding the satisfaction of the statutory threshold, not implement the proposed variation in objects and/or extension of the timeline for utilisation of IPO proceeds. In such case, the resolution shall be deemed by the Company as not having been acted upon or implemented. Accordingly, the objects and/or terms of utilisation of IPO proceeds as disclosed in the Prospectus shall be deemed not to have been varied, and the timelines for utilisation of the IPO proceeds shalble deemed not to have been extended pursuant to such resolution. The detailed information of the aforesaid resolution (including the terms and conditions thereofalong with the explanatory statement) and instructions for remote e-voting is given in Annual General Meeting Notice dated August 27,2026 available atthe website of the Company at www.laxmidentallimited.com. The details regarding such variations/ alteration are as follows: 1. Particulars of the terms of the contract to be varied (or object to be altered): The Company had outlined the following items as the objects towards which the IPO proceeds would be utilized in the section “Objects of the Offer” in the Prospectus dated January 16,2025 (“Prospectus™), in connection with the IPO: (in INR million) Estimated deployment of Net Proceeds Sr.No Particulars Total estimated amount / expenditure Amount to be funded from the Net Proceeds In Financial Year 2025 In Financial Year 2026 1 Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by our Company 229.84 229.84 229.84 NA 2 Investment in certain Subsidiaries for the repayment/prepayment, in full or in part, of certain outstanding borrowings 46.00 46.00 46.00 NA 3 Funding the capital expenditure requirements for purchase of new machinery for our Company | 435.07 435.07 202.14 232.92 4 Investment in our Subsidiary, Bizdent Devices Private Limited, for the capital expenditure requirements for the purchase of new machinery | 250.04 250.04 100.19 149.85 5 General Corporate purposes 320.75 320.75 250.00 70.75 Total Net Proceeds 1,281.70 1,281.70 828.17 453.52 As on August 18,2026, INR 481.03 million remains to be utilized. The Company now intends to vary the terms of the aforesaid objects, by way of deploying and/or utilizing the unutilized amount of INR 481.03 million from Object 3 and Object 4 towards new object of IPO proceeds i.e. towards acquisition of land and construction of building and infrastructure for manufacturing plant for dental laboratory and dental aligner facility and purchase of movable assets including machineries, computer and computer equipments, furniture & fixtures, office equipments for the existing and/or newly constructed facility. AsonAugust 18,2026, an amount of INR 800.67 million, representing 62.47% oft he total IPO Proceeds of INR 1,281.70 million, has been utilised inaccordance with the objects of the Issue as specified in the Prospectus. The utilisation of the said proceeds has been verifiebdy Mr. Kishor Sheth, Partner of Kishor Sheth & Co. (Chartered Accountants), who haveissued a certificate dated August 19, 2026 confirming the same. The Board of Directors of the Company at their meeting held on August 27,2026, approved the aforesaid proposal to vary the terms of the objects and timelines for utilization, subject to approval of the shareholders by way ofa special resolution. (in INR million) in million Sr.No Objects of the IPO Total s;lmount Money util.ized E{(tent of | Amount unutilized as| Details of variation | Revised amoun‘t after Balance p(?st‘ Reviseq .tim.eline raised for the object | achievement | on August 18, 2026 Proposed V [Showing first 8,000 characters — download PDF for full document]