Damodar Industries: Promoter Arun Kumar Biyani Receives 24.89 Lakh Shares

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.

Transaction Parameter:	Details
Acquirer:	Arun Kumar Biyani
Transferor:	Anil Biyani
Transaction Date:	March 30, 2026
Shares Transferred:	24,89,500 equity shares
Transfer Percentage:	10.68%
Transaction Price:	NIL (Gift)

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.

Promoter:	Pre-Transaction Shares	Pre-Transaction %	Post-Transaction Shares	Post-Transaction %
Arun Kumar Biyani:	55,70,000	23.91%	80,59,500	34.59%
Anil Biyani:	24,89,500	10.68%	0	0.00%

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.78%	+19.22%	+20.74%	-15.55%	-11.79%	+24.08%

Damodar Industries Limited has successfully completed its postal ballot process concluded on March 31, 2026, with overwhelming shareholder support for all three special resolutions related to director appointments and remuneration revisions. The textile company received 95.48% approval from participating shareholders across all resolutions.

Postal Ballot Process and Compliance

The company conducted the postal ballot through remote e-voting facilitated by MUFG Intime India Private Limited. Vishal N. Manseta, a Practicing Company Secretary with membership number 25183, served as the scrutinizer after being appointed by the Board of Directors on February 26, 2026. The scrutinizer's report was issued to the company on April 1, 2026.

Parameter:	Details
Total Shareholders on Record:	8,299
Record Date:	February 20, 2026
E-voting Platform:	MUFG Intime India Private Limited
Voting Conclusion Date:	March 31, 2026

Special Resolutions Approved

All three special resolutions were passed with identical voting patterns, demonstrating strong shareholder confidence in the company's leadership decisions. The resolutions addressed key management appointments and compensation structures.

Resolution:	Description	Status
Resolution 1:	Revision of remuneration of Mr. Aman Arun Biyani (DIN: 09131437), Managing Director	Passed
Resolution 2:	Revision of remuneration of Mr. Aditya A Biyani (DIN: 10304061), Director	Passed
Resolution 3:	Re-appointment of Mr. Arunkumar Biyani (DIN: 00016519) as Chairman and Whole-time Director for three years	Passed

Detailed Voting Statistics

The voting results showed remarkable consistency across all three resolutions, with participation limited to public non-institutional shareholders. Promoter and promoter group members, along with public institutions, did not participate in the voting process.

Voting Category:	Shares Held	Votes Polled	Participation %	Votes in Favor	Votes Against
Promoter Group:	16,359,846	0	0.00%	0	0
Public Institutions:	1,750	0	0.00%	0	0
Public Non-Institutions:	6,938,404	200,068	2.88%	191,019	9,049
Total:	23,300,000	200,068	0.86%	191,019	9,049

Regulatory Compliance and Next Steps

The company submitted the complete scrutinizer's report to both BSE (Scrip Code: 521220) and NSE (Symbol: DAMODARIND) in compliance with Regulation 30 requirements. The voting results were unblocked in the presence of independent witnesses, ensuring complete transparency in the process.

The successful completion of the postal ballot process with 95.48% approval enables the company to implement the approved remuneration revisions and proceed with the director reappointment, supporting its continued operations in spinning, fancy yarns, weaving, and processing activities.