BSECompany Update7h ago · 11 Aug 2026, 06:55 pm
Intimation of Monitoring Agency Report for the quarter ended June 30, 2026.
Laxmi Dental Ltd · 544339
✦ AI SummaryResults
Laxmi Dental Ltd has submitted a monitoring agency report for the quarter ended June 30, 2026, stating that the utilization of IPO proceeds is in line with the objects of the issue.
Analysis Scores
Earnings Impact0/10
Growth Catalyst0/10
Governance Concern0/10
Regulatory Risk0/10
Balance Sheet Risk0/10
Liquidity Impact0/10
Market Sentiment0/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Laxmi Dental Ltd - 544339 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
Attachments (1)
📄pdf
Download →
0a2c07f8-abbf-49ef-9018-f79c2e3c544d.pdf
View document text
Registered Office: 103, Akruti Arcade, Opposite A 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: 27AABCL0001A1ZL
Date: August 11, 2026
Listing Department Listing & Compliance Department
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th 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: INE0WO601020
Subject: Report of Monitoring Agency for the quarter ended June 30, 2026.
Pursuant to Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 read with Regulation 41(4) of the Securities and Exchange
Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, please find enclosed
herewith Monitoring Agency Report issued by ICRA Limited, the Monitoring Agency, for the quarter
ended June 30, 2026, in respect of the utilization of the proceeds of the Initial Public Offer (“IPO”) of the
Company.
The same is also being uploaded on website of the Company at https://laxmidentallimited.com/for-
investors#disclosures--disclosures30.
This is for your information and records.
Thanking you,
For Laxmi Dental Limited
--------------------------------------------------
Suman Saha
Company Secretary and Compliance Officer
ICSI Membership Number: A33035
Encl.: As above.
June2026
MONITORING AGENCYREPORT
Name of the Issuer:Laxmi Dental Limited
For quarter ended:June30,2026
Name of the Monitoring Agency(MA):ICRA Limited
(a) Deviation from the objects of the issue:
NoMaterial deviation -The utilization of the issuance proceeds is in line with the objects of the issue.
(b) Range of deviation:
Not Applicable
Declaration:
We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the
objects of the issue based on the information provided by the Issuer and information obtained from sources believed
by it to be accurate and reliable. The MA does not perform an audit and undertakes no independent verification of
any information/ certifications/ statements it receives. This Report is not intended to create any legally binding
obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said
information. The views and opinions expressed herein do not constitute the opinion of MA to deal inany security of
the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as
creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report.
The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The
MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report
pertains and may receive separate compensation for its ratings and certain credit relatedanalyses. We confirm that
we do not perceive any conflict of interest in such relationship/ interest while monitoring and reporting the
utilization of the issue proceeds by the issuer. We have submitted the report herewith in line with the format
prescribed by SEBI, capturing our comments,where applicable. There are certain sections of the report under the
of the Board of Directors subsequent to the MA submitting their report to the issuer and before dissemination of
the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no
Signature:
ParulGoyalNarang
Vice President & Head-Process Excellence
Analyst: Dhwani Vinchhi
QA: Parul Narang
Sensitivity Label : Public
June2026
1. IssuerDetails
Name of the Issuer: Laxmi Dental Limited
Name(s) of the promoters:
Promoters
Rajesh Vrajlal Khakhar
Sameer Kamlesh Merchant
Dharmesh Bhupendra Dattani
Source: BSE
Industry/ sector to which it belongs:Health Care sector
2. Issue Details
Issue Period:Openingdate-January13, 2025
Closingdate-January15, 2025
Type of Issue:Initial Public Offer
Type of specified securities:Equityshares
IPO Grading, if any: Not Applicable
Issue Size (Rs. Crore):Issue of16,309,766 equity shares of face value of INR2each,aggregatingupto INR698.058
Crore
With OFS portion:INR698.058Crore
Excluding OFS portion:INR 138.000Crore
Net proceedsas per prospectus: INR 128.170Crore
Note:ICRA will be monitoring GrossProceedsINR138.000Crorein Q1FY2027
Sensitivity Label : Public
June2026
3. Details of the arrangement made to ensure the monitoring of issue proceeds.
Source of information, Comments of
Comments of the
certifications considered by the
Particulars Reply Monitoring
Monitoring Agency for the Board of
Agency
preparation of report Directors
-Peer-reviewed CAcertificate
Refer note 1
-Confirmation from management
Whether all utilization is as per mentioned below
-Bank statement of the escrow
the disclosures in the Offer Yes point no 4 (ii)
account/Proceed
Document? progress on
Account/Corresponding Account
objects
bank statements
Whether shareholder approval
has been obtained in case of
material deviations#from No comments
Applicable management
expenditures disclosed in the
Offer Document?
Whether the means of finance
As confirmed by the
for the disclosed objects of the No No comments
management
issue has changed?
Is there any major deviation
observed over the earlier No No deviation observed No comments
monitoring agency reports?
Whether all Government/
As understood
statutory approvals related to Not
the object(s) have been Applicable
management management
obtained?
Whether all arrangements
As understood
pertaining to technical Not
assistance/ collaboration are in Applicable management
management
operation?
Are there any favorable events As understood
improving the viability of these
Applicable management
object(s)? management
Are there any unfavorable As understood
events affecting the viability of No
management
the object(s)? management
Is there any other relevant
As understood
information that may materially
affect the decision making of the management
management
investors?
#Where material deviation is defined to mean:
(a) Deviation in the objects or purposes for which the funds had been raised.
(b) Deviation in the amount of funds utilizedby more than 10% of the amount specified in the offer document.
Sensitivity Label : Public
June2026
4. Details of the object(s) to be monitored.
(i)Cost of object(s)
Source of
information, Directors
Original
certifications Comments
cost (as per Revised
considered by of the Particulars
S.N. Item Head the offer cost Reason Proposed
the Monitoring Monitoring of firm
document) [Rs. Crore] for cost financing
Agency for the Agency arrangemen
[Rs. Crore] revision option
preparation of ts made
report
Repayment/prepaym
ent, in full or in part,
of certain
Not No
1 outstanding Prospectus 22.984
Applicable comments
borrowings availed
by our Company
Investment in certain
Subsidiaries for the
repayment/prepaym
ent, in full or in part, Not No
2 Prospectus 4.600
of certain Applicable comments
outstanding
borrowings
Funding the capital
expenditure
requirements for
Not No
3 purchase of new Prospectus 43.507
Applicable comments
machinery for our
Company
Investment in our
Subsidiary, Bizdent
Devices Private
Limited, for the
Not No
4 capital expenditure Prospectus 25.004
Applicable comments
requirements for the
purchase of new
machinery
General corporate Not No
4 Prospectus 32.075
purposes Applicable comments
Total 128.170
Sensitivity Label : Public
June2026
(iii) Deployment of unutilized proceeds:
Market Value
Amount Return on
Type of instrument and name of the Earning asat the end
S.N. invested Maturity date Investment
entity invested in [Rs. Crore] of quarter
[Rs. Crore]
1
[Showing first 8,000 characters — download PDF for full document]