Laxmi Dental Receives In-Principle Approval for Listing of ESOP Shares
Laxmi Dental Ltd, formerly known as Laxmi Dental Export Private Limited, has secured in-principle approval from the National Stock Exchange of India Limited (NSE) for the listing of its equity shares. The approval concerns shares proposed to be issued under the Laxmi Dental Employee Stock Option Scheme 2024.The NSE issued the in-principle approval letter bearing reference number NSE/LIST/52967 dated April 8, 2026. The approval covers a maximum of 500,000 equity shares, each with a face value of Rs. 2/-.
Laxmi Dental Ltd intends to issue these shares to its employees through the Employee Stock Option Scheme 2024.
The in-principle approval letter received from the NSE notes that the approval is subject to several listing conditions that must be fulfilled. These conditions include:
- Notification to the Exchange as per Regulation 10 (c) along with the listing application only after the allotment of securities and credit to the beneficiaries account or dispatch of share certificates, whichever is applicable.
- Receipt of statutory and other approvals and compliance of guidelines issued by statutory authorities, including SEBI, RBI, and MCA.
- Compliance with all guidelines, regulations, and directions from the Exchange or any statutory authorities, along with documentary requirements from time to time.
- Compliance with all conditions of SEBI (LODR) Regulations, 2015 as of the listing date.
- Compliance with the Companies Act, 1956, Companies Act, 2013, and other applicable laws.
- Submission of documents as detailed in an enclosed list.
The company must also adhere to the general guidelines, regulations, and directions of the Exchange and statutory authorities.
For reference, the following details about the company are available:
| Detail | Value |
|---|---|
| Company Name | Laxmi Dental Ltd |
| Formerly Known As | Laxmi Dental Export Private Limited |
| Date of Report | April 09, 2026 |
The core event confirms the receipt of the in-principle approval letter from the NSE dated April 8, 2026, for the listing of the shares under the specified scheme.
LAXMIDENTL Stock Price Movement
Shares of Laxmi Dental Limited today slipped by 1.10% to settle at ₹190.22. The stock traded on a volume of 90,460 shares as the market concluded trading for the day.Source:
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