Laxmi Dental Limited board of directors approved the proposal to become a member of Leelaben Foundation, a proposed Section 8 company. The decision was taken during a meeting held on October 8, 2026. The entity is being incorporated as a non-profit organization focused on dental welfare and corporate social responsibility initiatives.

Foundation details and contribution

Leelaben Foundation is yet to be incorporated but is planned as a company limited by guarantee under the Companies Act, 2013. Laxmi Dental’s involvement is structured through a guarantee mechanism rather than equity subscription. The company has undertaken to contribute an amount of up to ₹1,000 towards the liabilities of the proposed foundation in the event of its winding up. This liability remains active during the period Laxmi Dental is a member or within one year after ceasing membership.

The foundation's primary objects include:

• Establishment of rural dental facilities
• Providing subsidized and free dental treatment
• Utilization and receipt of Corporate Social Responsibility (CSR) contributions
• Promoting awareness and preventive care in oral health

No specific governmental or regulatory approval beyond standard incorporation requirements under the Companies Act, 2013 is required for this entity.

Compliance fine noted

During the same meeting, the board noted notices received from BSE and NSE regarding delayed compliance with Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The delay pertained to furnishing prior intimation about a board meeting for the quarter ended June 30, 2026.

The board attributed the delay to an inadvertent procedural oversight while computing timelines, considering intervening weekends in August 2026. The company confirmed that the relevant fine was paid within the prescribed timeline. The compliance officer has been directed to exercise due diligence to ensure timely submissions in the future.

Laxmi Dental Limited has confirmed the passage of all resolutions at its 22nd Annual General Meeting held on September 25, 2026. The company submitted the scrutinizer’s report to stock exchanges on September 29, 2026, detailing voting outcomes for FY26 financials and IPO utilization changes.

The meeting, conducted via video conferencing, saw 55 members attend virtually. The requisite quorum was present, allowing the Chairperson to proceed with the agenda items set out in the notice.

Voting results and resolution details

The Scrutinizer, Muffaddal Jawadwala of M/s. M. Jawadwala & Co, reported that all resolutions were duly passed by shareholders with the requisite majority. The voting data reveals strong support for corporate governance and strategic financial adjustments.

Meeting proceedings and attendance

The meeting commenced at 10:00 am and concluded at 11:04 am. Attendance was recorded as follows:

• Promoters and Promoter Group: 3 members attended via video conferencing.
• Public Shareholders: 52 members attended via video conferencing.

Key personnel in attendance included:

• Rajesh Vrajlal Khakhar, Chairperson and Whole-Time Director
• Sameer Kamlesh Merchant, Managing Director and Chief Executive Officer
• Anjana Grewal, Non-Executive Independent Director
• Rajesh Dalal, Non-Executive Independent Director
• Devesh Ghanshyam Chawla, Non-Executive Independent Director
• Anil Arora, Non-Executive Non-Independent Director
• Dharmesh Dattani, Chief Financial Officer
• Suman Saha, Company Secretary and Compliance Officer

Representatives from the Statutory Auditors, Secretarial Auditors, and the Scrutinizer also participated virtually.

Governance and voting details

Remote e-voting was facilitated by MUFG Intime India Private Limited from September 22, 2026, to September 24, 2026. The total number of shareholders on the record date (September 18, 2026) stood at 37,331.

During the address, it was noted that there were no material qualifications or adverse remarks in the reports of the Statutory Auditors and Secretarial Auditors that impacted the company's functioning. Consequently, these reports were not read aloud during the session. Business highlights for FY26 were briefed by the Chairperson, while the Managing Director confirmed that the Notice of AGM and Annual Report had been circulated to members prior to the meeting.

What the Numbers Show

The voting pattern indicates near-unanimous shareholder approval for all agenda items. Notably, the Special Resolution regarding the variation in IPO utilization terms secured 99.9984% votes in favour, surpassing the specific 90% threshold required for implementation as per the AGM notice extract. This high level of support suggests strong alignment between management’s revised capital deployment strategy and shareholder expectations.