Laxmi Dental Limited Receives In-Principle Approval for Employee Stock Options Listing
Laxmi Dental Limited, formerly known as Laxmi Dental Export Private Limited, has secured in-principle approval from the BSE for the listing of equity shares issued under the Laxmi Dental Employee Stock Option Scheme 2024.The approval grants listing for 500,000 Equity Shares, each having a face value of Rs. 2/-. This approval was issued by the BSE via letter DCS/ESOP/IP/TS/017/2026-27 dated April 10, 2026.
Key Details of the Stock Option Listing
The in-principle approval is for the issue and allotment of a maximum of 5,00,000 equity shares, which are expected to arise from the exercise of options under the Scheme.| Detail | Specification |
|---|---|
| Company | Laxmi Dental Limited |
| Previous Name | Laxmi Dental Export Private Limited |
| Scheme | Laxmi Dental Employee Stock Option Scheme 2024 |
| Shares Approved | 5,00,000 |
| Face Value Per Share | Rs. 2/- |
| Approving Body | BSE |
| Date of Approval Letter | April 10, 2026 |
Conditions for Listing
The granting of the in-principle approval is subject to Laxmi Dental Limited fulfilling several stipulated conditions set forth by the Exchange. These conditions require the Company to:- Notify the Exchange as per the prescribed format under the Securities Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, after the shares are allotted and credited to the beneficiaries' accounts or share certificates are dispatched.
- Ensure the timely payment of fees as prescribed from time to time.
- Obtain statutory and other approvals and comply with guidelines from statutory authorities, including SEBI, RBI, and MCA.
- Comply with all guidelines, regulations, and directions issued by the Exchange or any statutory authorities, along with documentary requirements.
- Adhere to all conditions stipulated in the Listing Agreement as on the date of Listing.
- Comply with the Companies Act, 1956 / 2013 and other applicable laws.
- Submit necessary documents as specified in the Checklist available on the BSE website.
The Exchange reserves the right to withdraw the in-principle approval if the information provided is found to be incomplete, incorrect, misleading, or false, or in the event of contravention of the Exchange's Rules, Bye-laws, and Regulations.
LAXMIDENTL Stock Price Movement
Shares of Laxmi Dental Limited today slipped by 0.64% to settle at ₹190.09. The stock finished with a traded volume of 100,195 shares.Source:
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