Laxmi Dental Limited has successfully completed its strategic acquisition of stakes in IDBG AI Dent Global Private Limited, marking a significant move in the dental technology sector. The company officially announced the completion of the transaction, which was initially revealed in July.

Acquisition Details

The acquisition involves two key components:

1. Equity Stake: Laxmi Dental has secured a 49% equity stake in IDBG AI Dent Global by acquiring 11,175 equity shares. These shares, with a face value of ₹10 each, were purchased at a premium of ₹1,217.50 per share, totaling an investment of ₹1.37 crore.

2. Preference Shares: Additionally, the company has acquired 5,123 compulsorily convertible preference shares (CCPS) without voting rights. These CCPS, also priced at ₹10 face value with a ₹1,217.50 premium per share, represent a 9% stake in the preference share capital of IDBG AI Dent Global. This portion of the acquisition amounted to ₹62.88 lakh.

Transaction Completion

Laxmi Dental Limited confirmed the completion of this transaction following the receipt of share certificates from IDBG AI Dent Global Private Limited. This formal documentation solidifies Laxmi Dental's position as a significant stakeholder in the AI-driven dental technology firm.

Strategic Implications

This acquisition aligns with Laxmi Dental's strategy to expand its footprint in the evolving landscape of dental technology. By investing in IDBG AI Dent Global, Laxmi Dental is positioning itself at the forefront of AI applications in dentistry, potentially enhancing its service offerings and technological capabilities.

Investor Relations

In a separate announcement, Laxmi Dental Limited informed that its officials will be participating in a one-on-one meeting with investors and analysts. The meeting, organized by Nuvama Institutional Equities, is scheduled for September 24 in Mumbai. The company emphasized that discussions will be based on publicly available information, adhering to regulatory guidelines regarding the disclosure of sensitive information.

Market Impact

As Laxmi Dental Limited continues to expand its portfolio and engage with the investment community, market watchers will be keen to observe how this strategic acquisition and ongoing investor relations efforts will impact the company's market position and future growth prospects in the competitive dental care industry.

Investors and stakeholders are advised to monitor official communications from Laxmi Dental Limited for any further developments or insights into the company's strategic direction following this acquisition.

Laxmi Dental , India's leading integrated dental products company, has reported robust financial results for the first quarter of fiscal year 2026 and announced plans for global expansion.

Q1 FY26 Financial Highlights

• Consolidated revenue from operations increased by 9.9% year-over-year to ₹656.00 crore
• EBITDA stood at ₹119.10 crore, with an EBITDA margin of 18.2%
• Profit after tax (PAT) reached ₹83.30 crore, representing a PAT margin of 12.7%
• Earnings per share (EPS) for the quarter was ₹1.53

Segment Performance

Laboratory Business

• Revenue grew to ₹445.94 crore, up from ₹402.58 crore in Q1 FY25
• Segment results improved to ₹101.54 crore

Aligners Business

• Revenue reached ₹187.26 crore, compared to ₹182.36 crore in the same quarter last year
• Segment results stood at ₹22.79 crore

Expansion Plans and Strategic Initiatives

Laxmi Dental announced ambitious plans for worldwide expansion, focusing on clear aligners, digital dentistry, and exports as key growth areas. The company expects its strong order book, increased capacity, and OEM partnerships to drive revenue and margin growth for FY26-28.

Sameer Merchant, Managing Director and CEO, commented on the company's digital strategy: "At Laxmi Dental, digital dentistry is central to our business strategy. The continued deployment of scanners in the domestic market aligns with this approach. While scanner sales come at a relatively lower margin, we see this as an enabler for our long-term growth."

The company is also venturing into AI-powered solutions for dentistry. Merchant added, "AI is gaining prominence in digital dentistry, and with our investment in AI Dent, we plan to tap our existing customers for AI-powered solutions, including dental imaging, X-ray analysis software, and AI-powered dentistry."

Utilization of IPO Proceeds

Laxmi Dental provided an update on the utilization of its initial public offering (IPO) proceeds:

The company has ₹658.02 crore of unutilized IPO proceeds, which are temporarily invested in fixed deposits.

With its strong financial performance and strategic expansion plans, Laxmi Dental appears well-positioned to capitalize on growth opportunities in the dental products market both domestically and internationally.