Damodar Industries Limited has submitted its compliance certificate under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, for the quarter ended March 31, 2026. The certificate was filed with both BSE Limited and National Stock Exchange of India Limited on April 9, 2026.

Regulatory Compliance Details

The compliance certificate was issued by MUFG Intime India Private Limited (formerly Link Intime India Private Limited), the company's Registrar and Share Transfer Agent. The certificate confirms adherence to prescribed regulations regarding dematerialisation processes during the quarter.

Certificate Confirmation

MUFG Intime India Private Limited confirmed that securities received from depository participants for dematerialisation during the quarter were properly processed within prescribed timelines. The registrar verified that all security certificates received for dematerialisation were confirmed or rejected appropriately.

Dematerialisation Process Compliance

The certificate confirms that security certificates received were mutilated and cancelled after due verification by the depository participant. The names of the depositories have been substituted in the register of members as registered owners within the prescribed timelines, ensuring full regulatory compliance.

Stock Exchange Filing

The compliance certificate was filed with BSE Limited (Scrip Code: 500575) and National Stock Exchange of India Limited (NSE Symbol: DAMODARIND). The filing was signed by Aditya A Biyani, Director (DIN: 10304061), representing the company's commitment to regulatory transparency and compliance.

Damodar Industries Limited has disclosed a significant inter-se transfer of shares between promoters under SEBI's substantial acquisition regulations. The transaction involved the transfer of 24,89,500 equity shares from promoter Anil Biyani to Arun Kumar Biyani as a gift, completed on March 30, 2026.

Official SEBI Disclosure Details

The company filed the mandatory disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011 on April 6, 2026. The transaction was exempted from open offer requirements under Regulation 10(1)(a)(ii) as it constitutes an inter-se transfer between promoters.

Shareholding Changes

The inter-se transfer resulted in significant changes to individual promoter holdings while maintaining overall promoter group control. Arun Kumar Biyani's individual stake increased marginally, while Anil Biyani's holding was completely transferred.

Regulatory Compliance

The transaction was conducted in full compliance with SEBI regulations governing substantial acquisitions. The company had made the required prior disclosure under Regulation 10(5) on March 18, 2025, well within the specified timeline. The shares are listed on both NSE Limited and BSE Limited under the symbols DAMODARIND and scrip code 521220 respectively.

Company Background

Damodar Industries Limited operates in the textile sector with activities spanning spinning, fancy yarns, weaving, and processing. The company maintains its registered office in Mumbai and operates manufacturing facilities in Maharashtra's MIDC Amravati Industrial Area. The total share capital remains unchanged at 2,33,00,000 equity shares of Rs.5 each.

This inter-se transfer represents a consolidation of shareholding within the promoter group, demonstrating continued family commitment to the company's operations and future growth prospects.