Damodar Industries Limited promoter Arun Kumar Biyani increased his shareholding to 35.127% following the acquisition of 1,20,000 equity shares on September 28, 2026.

The transaction was executed via an inter-se transfer, as disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to this move, Biyani held 80,64,500 shares, representing 34.612% of the company's voting capital. The mode of acquisition confirms the movement of shares within the promoter group or related entities rather than an open market purchase.

Post-acquisition holding structure

Following the transfer, the promoter's total holding stands at 81,84,500 shares. The table below details the change in ownership structure:

The total equity share capital of the company remained unchanged at 11,65,00,000 shares. Consequently, the diluted share capital also remained constant, ensuring that the percentage increase reflects only the redistribution of existing shares among holders.

What the Numbers Show

The marginal increase of 0.515% in promoter holding through an inter-se transfer suggests a consolidation of stakes within the promoter group rather than a fresh infusion of capital from external sources. Since the total share capital did not change, this move does not dilute other shareholders but slightly strengthens the promoter's voting control relative to the public float.

Damodar Industries saw a reduction in promoter holding following the sale of 4,200 equity shares by Calves N Leaves Initiatives Private Limited. The transaction took place in the open market on September 23, 2026.

Calves N Leaves Initiatives Private Limited is identified as a person acting in concert with the promoter and belongs to the promoter group. This disposal reduced its stake in the company from 1.022% to 1.004% of the total share capital, with the absolute share count dropping from 2,38,233 to 2,34,033.

Transaction details

The sale was executed through the open market mechanism. The acquirer and seller details are as follows:

Holding pattern changes

Prior to this transaction, Calves N Leaves Initiatives Private Limited held 2,38,233 shares, representing 1.022% of the total voting capital. Following the sale of 4,200 shares, the remaining holding stands at 2,34,033 shares.

The table below outlines the pre- and post-transaction holdings:

The total equity share capital of Damodar Industries remained unchanged at 11,65,00,000 shares representing 100.00% of the voting capital before and after the transaction. There were no warrants, convertible securities, or voting rights exercised otherwise than by shares involved in this disclosure.

Regulatory compliance

This disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was signed by Aman Biyani, Authorized Signatory for Calves N Leaves Initiatives Private Limited.