Damodar Industries Limited announced significant board decisions following its meeting held on February 26, 2026, which commenced at 04:00 P.M. and concluded at 04:30 P.M. The textile manufacturing company approved multiple director-related resolutions and initiated a postal ballot process for shareholder approval.

Key Board Approvals

The board meeting resulted in several important corporate governance decisions that will shape the company's leadership structure:

Chairman Re-appointment Details

Arunkumar Biyani's re-appointment as Chairman and Whole-time Director represents a significant development, particularly given his age of seventy years. His extensive expertise in financial management, project advisory, and financing arrangements has been instrumental in the company's operations. As a promoter director, he maintains family relationships within the leadership structure, being the father of both Managing Director Aman Arun Biyani and Director Aditya A Biyani.

Postal Ballot Process Initiated

The board has established a comprehensive framework for the upcoming postal ballot to seek shareholder approval:

Compliance and Governance

The announcements were made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that Arunkumar Biyani is not debarred from holding the office of director by virtue of any order from SEBI or any other authority, as required under BSE circular no. LIST/COMP/14/2018-19.

Company Background

Damodar Industries Limited operates in the textile sector with activities spanning spinning, fancy roving injection, and weaving. The company maintains its registered office in Mumbai and operates a manufacturing facility in Maharashtra's MIDC Amravati industrial area, positioning itself as a significant player in India's textile manufacturing landscape.

Damodar Industries Limited's promoter group has disclosed the acquisition of additional equity shares through open market purchase, as per the regulatory filing under SEBI's substantial acquisition norms. The transaction represents a marginal increase in the promoter group's collective shareholding in the company.

Transaction Details

The promoter group acquired 5,000 equity shares on January 30, 2026, through open market purchase. This acquisition represents 0.02% of the company's total share capital and voting rights.

Shareholding Pattern Changes

Following the acquisition, the promoter group's shareholding pattern has been updated to reflect the increased stake in the company.

Promoter Group Composition

The acquisition involves multiple entities within the promoter group, demonstrating coordinated action among family members and related entities:

• Arun Kumar Biyani
• Anil D. Biyani
• Ajay D Biyani
• Manju Biyani
• Arun Kumar Biyani (HUF)
• Aditya Biyani
• Aman Biyani
• Bhawna A. Biyani
• Ajay D. Biyani (HUF)
• Payal A Biyani
• Damodarlal Biyani (H.U.F)
• Akshay Anil Biyani
• Sanju A. Biyani

Company Capital Structure

The company's equity share capital remains unchanged at ₹11,65,00,000, representing 100.00% of the total voting capital. The total diluted share capital also stands at the same level, indicating no outstanding convertible instruments or warrants that could affect the shareholding calculations.

The disclosure was signed by Arun Kumar Biyani on February 2, 2026, from Mumbai, fulfilling the regulatory requirements under Regulation 29 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Damodar Industries Limited shares are listed on both BSE Limited and NSE India.