Damodar Industries Limited promoter Manju Biyani increased her shareholding to 18.58% following the acquisition of 20,00,000 equity shares via inter-se transfer on September 28, 2026.

The transaction was executed as an inter-se transfer, a mode of acquisition that does not involve open market purchases or preferential allotments. This movement reflects internal adjustments within the promoter group rather than external capital infusion or dilution of existing shareholders' stakes.

Pre- and Post-Acquisition Holdings

Prior to this transaction, Manju Biyani held 23,30,000 shares, constituting 10.00% of the company's total voting capital. The acquisition of an additional 20,00,000 shares, representing 8.584% of the total diluted share/voting capital, raised her total holding to 43,30,000 shares.

Regulatory Disclosure Details

The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms that the acquirer belongs to the Promoter/Promoter group category. The total equity share capital and total voting capital of the target company remained unchanged at 11,65,00,000 shares (100.00%) before and after the said acquisition.

What the Numbers Show

The increase in Manju Biyani's stake from 10.00% to 18.584% represents a significant consolidation of promoter control without altering the company's total outstanding share count. Since the mode of acquisition was an inter-se transfer, the transaction implies a reallocation of existing shares among promoters or persons acting in concert, rather than new issuance or market purchase. The total diluted share capital remains constant at 11,65,00,000, indicating no change in the overall capital structure for minority shareholders.

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.