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.

Damodar Industries Limited promoter Manju Biyani acquired 4,000 equity shares in the open market on September 23, 2026. This transaction increased her holding in the company from 9.983% to 10.00% of the total share capital.

The acquisition was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The shares were purchased through open market transactions, with no change in the total diluted share capital of the company.

Holding details before and after acquisition

The following table outlines the specific changes in Manju Biyani's shareholding position following the latest purchase:

Regulatory disclosure specifics

The filing confirms that the acquirer belongs to the Promoter group. The total equity share capital of Damodar Industries remained unchanged at 11,65,00,000 shares both before and after the transaction. No shares were encumbered through pledge, lien, or non-disposal undertakings during this period.

What the numbers show

This latest purchase marks a continuation of promoter accumulation. On September 21, 2026, Manju Biyani had already acquired 36,000 shares, raising her stake from 9.828% to 9.983%. The subsequent purchase of 4,000 shares two days later pushed the holding past the psychological and regulatory threshold of 10.00%.

Notably, the previous article highlighted a shift in voting rights composition where warrant holdings were converted to direct equity. In this latest disclosure, the warrant category remains nil, confirming that the recent additions are purely direct equity purchases. The steady increase in direct shareholding without any encumbrances signals strong promoter conviction in the current valuation.