Damodar Industries Limited has announced the electronic voting schedule for its 38th Annual General Meeting (AGM), enabling shareholders to cast votes remotely before the event. The AGM is scheduled for Saturday, August 8, 2026, at 11:30 A.M. IST via Video Conferencing (VC) or Other Audio Visual Means (OAVM). E-voting will be open from Wednesday, August 5, 2026, at 9:00 A.M. to Friday, August 7, 2026, at 5:00 P.M., with the cut-off date for entitlement set for Saturday, August 1, 2026.

The meeting will consider three resolutions, and results will be announced within two working days of the AGM's conclusion. MUFG Intime India Private Limited is the agency providing the e-voting platform. Mr. Vishal N Manseta, a Practicing Company Secretary, has been appointed as the Scrutinizer for the meeting.

For the financial year ended March 31, 2026, Damodar Industries Limited reported a net profit of ₹537.24 lakh on a total income of ₹43,954.92 lakh. The company achieved a revenue from operations of ₹43,003.12 lakh during the year. The Board of Directors has not recommended a dividend for the financial year under review.

Financial Performance

The financial results for the year ended March 31, 2026, reflect the company's operational performance amidst a challenging business environment characterized by volatility in raw material prices and global market uncertainties.

Operational Highlights

The company’s total foreign exchange earnings for the year were ₹13,941 lakh, while foreign exchange outgo stood at ₹370.78 lakh. The company continued to focus on product innovation, process optimisation, and sustainable manufacturing technologies during the year. Research and development efforts were primarily directed towards product improvement, process optimisation, and enhancement of yarn quality.

Corporate Governance and Compliance

The Board of Directors met nine times during the financial year 2025-26. The company has complied with the requirements of corporate governance stipulated under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. However, the Secretarial Audit Report noted one instance of non-compliance regarding the constitution of the Audit Committee and Nomination and Remuneration Committee, for which a fine was levied by the exchanges and subsequently paid by the company.

The statutory auditors, M/s. Devpura Navlakha & Co., Chartered Accountants, audited the financial statements and issued an unmodified opinion without any qualification, reservation, disclaimer, or adverse remark. The Cost Auditors, M/s. Dilip M. Bathija, Cost Accountants, have been appointed to conduct the audit of cost records for the financial year ending March 31, 2027.

Damodar Industries has confirmed that no new encumbrance was created on its shares during the financial year ending March 31, 2026, apart from the 49,40,000 equity shares already disclosed to the stock exchanges. The declaration was submitted to BSE Limited and the National Stock Exchange of India Limited on April 7, 2026, in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires listed companies to disclose any encumbrance on shares held by promoters to ensure transparency for shareholders.

The disclosure was made on behalf of the promoters and the promoter group of Damodar Industries. The document explicitly states that no other encumbrance has been made directly or indirectly during the specified financial year. The filing was signed by Aditya Biyani, identified as a Promoter, and addressed to the Manager-CRD at BSE and the Corporate Relation Department at NSE.

The company provided a comprehensive list of its promoters and promoter group members as part of the filing. The list categorizes individuals and entities into 'Promoter' and 'Promoter Group' classifications, though PAN numbers were not included in the public document.

Promoter and Promoter Group Details

The filing was copied to the Audit Committee and the Company Secretary of Damodar Industries. The company operates in the textile sector, engaging in spinning, fancy yarns, weaving, and processing, with its registered office located in Worli, Mumbai.