Laxmi Dental Ltd. Grants ₹50 Lakh Loan to Subsidiary Signature Smiles
Laxmi Dental Limited has entered into a loan agreement with its subsidiary, Signature Smiles Dental Clinic Private Limited, for an aggregate amount not exceeding ₹50 Lakhs. The loan will be disbursed ...
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Why is Laxmi Dental Limited in the news today?
Laxmi Dental Limited (LAXMIDENTL) is in the news due to the loan is a standard transaction between a parent company and its subsidiary, with clear terms and interest rates. it does not appear to significantly alter the company's financial standing or strategic direction.
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Laxmi Dental Ltd. Grants ₹50 Lakh Loan to Subsidiary Signature Smiles
December 29, 2025, 10:02 AM
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Laxmi Dental Limited has entered into a loan agreement with its subsidiary, Signature Smiles Dental Clinic Private Limited, for an aggregate amount not exceeding ₹50 Lakhs. The loan will be disbursed in one or more tranches and is intended for the borrower's general corporate purposes and business needs, subject to compliance with applicable laws.
The agreement, executed on December 29, 2025, is for an unsecured loan with a tenor of up to five years from the effective date. The borrower will pay an interest rate of 10.50% per annum on the facility amount. Signature Smiles Dental Clinic Private Limited holds 88.88% shares of the borrower, and the transaction is considered a related party transaction conducted on an arm's length basis.
The agreement does not include special rights such as the appointment of directors or pre-emptive rights on share subscriptions. The announcement was made in continuation of a previous intimation dated February 13, 2025, and follows Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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