Laxmi Dental Limited — Important, 28-04-2025: General Updates

Laxmi Dental Limited has approved a hike in its investment limit for Bizdent Devices Private Limited from ₹20 Cr to ₹55 Cr, facilitating the acquisition of 8,93,334 equity shares at ₹458 each, totaling ₹40.91 Cr. This strategic investment supports repayment of borrowings and boosts capital expenditures for new machinery, essential for BDPL, which reported a turnover of ₹37.57 Cr for FY 2023-24. Shareholding remains unchanged, ensuring BDPL continues as a wholly owned subsidiary.