Meeting Details

The 22nd Annual General Meeting will be held on Friday, September 25, 2026, at 10:00 a.m. (IST) through Video Conferencing/Other Audio Visual Means (VC/OAVM). The corporate office of the Company at 103, Akruti Arcade, J. P. Road, Opposite A.H. Wadia High School, Andheri West, Mumbai - 400058, Maharashtra, India, is deemed to be the venue for the meeting.

Proposed Resolutions and Implications

Ordinary Business:

1. To receive, consider, and adopt the audited standalone financial statements for the financial year ended March 31, 2026, together with reports of the Board of Directors and Auditors.

2. To receive, consider, and adopt the audited consolidated financial statements for the financial year ended March 31, 2026, together with the Reports of the Auditors.

3. To re-appoint Mr. Rajesh Vrajlal Khakhar (DIN: 00679903) as Whole-time Director liable to retire by rotation.

Special Business:

4. To approve variation in the objects/terms of utilization of IPO proceeds and extension of timeline for utilization - This is the most significant resolution requiring special majority.

Voting Process and Methods

The Company has engaged MUFG Intime India Private Limited (formerly Link Intime India Private Limited) as Registrar and Share Transfer Agent to provide facilities for:

  • Remote e-voting prior to the meeting
  • Participation in the AGM through VC/OAVM (InstaMeet platform)
  • E-voting during the AGM proceedings

The cut-off date for determining voting eligibility is Friday, September 18, 2026. Members whose names appear in the Register of Members or Register of Beneficial Owners as of this date are entitled to vote.

Key Voting Requirements for Special Resolution

The special resolution for varying IPO proceeds requires approval from members holding not less than 90% of the votes cast by shareholders voting on the resolution. If this threshold is not met, even if the resolution passes as a special resolution, the Company shall not implement the proposed variation and the exit opportunity provisions under SEBI ICDR Regulations shall not become applicable.

Scrutinizer Appointment

The Company has appointed Mr. Muffaddal Jawadwala, Proprietor of M/s M. Jawadwala & Co., Practicing Company Secretaries (COP - 16191, Mem. No. 30840, Firm registration no: S2016MH383700) as Scrutinizer to scrutinize both remote e-voting and e-voting during the AGM.

The Scrutinizer will submit a consolidated report of total votes cast for and against each resolution within two working days of the AGM conclusion. The results will be declared by the Chairman or authorized person and placed on the Company's website (https://www.laxmidentallimited.com) and RTA's website (https://instavote.linkintime.co.in), simultaneously forwarded to NSE and BSE.

Compliance with Laws and Regulations

The AGM is conducted in compliance with:

  • Ministry of Corporate Affairs General Circular Nos. 14/2020, 17/2020, 20/2020, 09/2024, and 03/2025
  • SEBI Circulars and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013 and relevant rules
  • Secretarial Standard on General Meetings (SS-2) issued by ICSI

IPO Proceeds Utilization Details

The Company raised INR 1,281.70 million net proceeds from its IPO. As of August 18, 2026, INR 800.67 million (62.47%) has been utilized, with INR 481.03 million remaining unutilized.

Original Utilization vs. Proposed Variation:

| Object | Original Allocation (INR million) | Utilized (INR million) | Achievement | Unutilized (INR million) | Proposed Variation |

| Repayment of borrowings | 229.84 | 229.84 | 100% | 0 | No change |

| Investment in subsidiaries for debt repayment | 46.00 | 46.00 | 100% | 0 | No change |

| Purchase of new machinery | 435.07 | 177.81 | 40.87% | 257.26 | Reallocated to new objects |

| Investment in Bizdent Devices for machinery | 250.04 | 26.27 | 10.51% | 223.77 | Reallocated to new objects |

| General corporate purposes | 320.75 | 320.75 | 100% | 0 | No change |

New Proposed Objects:

| New Object | Amount Allocated (INR million) | Revised Timeline |

| Acquisition of land and construction of manufacturing facility | 268.96 | Financial Year 2027 and 2028 |

| Purchase of movable assets including machinery, equipment | 212.07 | Financial Year 2027 and 2028 |

Rationale for Variation

The Board cites evolving business needs, increasing demand for digital dentistry solutions, and the need for integrated infrastructure as reasons for the variation. The proposed owned facility is expected to provide 3x more production space, reduce recurring rental costs, improve operational efficiency, and support long-term growth.