Laxmi Dental Limited — Important, 15-05-2025: General Updates

Laxmi Dental Limited has confirmed full alignment in the use of its Rs. 128.17 Cr IPO proceeds. Key uses include Rs. 22.98 Cr for debt repayment, Rs. 0.74 Cr spent on new machinery with Rs. 42.76 Cr pending, Rs. 4.6 Cr repaid to subsidiaries with Rs. 25 Cr pending for capital expenditure, and Rs. 9.41 Cr utilized for corporate purposes. Some capex and investments are delayed but expected to complete next fiscal. Around Rs. 100 Cr remains parked in fixed deposits generating stable returns.