Damodar Industries Limited has issued a comprehensive postal ballot notice dated February 26, 2026, seeking shareholder approval for director remuneration revisions and key leadership appointments. The textile manufacturing company will conduct the voting process entirely through electronic mode, with the e-voting period scheduled from March 2 to March 31, 2026.

Postal Ballot Resolutions

The company has proposed three special resolutions for shareholder consideration, all requiring approval through the postal ballot process:

Director Remuneration Details

The proposed remuneration revisions effective from April 1, 2026, establish new compensation structures for the leadership team:

All directors will be eligible for performance-based annual incentives up to 50% of their base salary, along with comprehensive benefits including medical coverage, provident fund contributions, gratuity, and other perquisites.

E-voting Process and Timeline

The company has appointed MUFG Intime India Private Limited (formerly Link Intime India Private Limited) as the e-voting service provider. The electronic voting framework includes:

Chairman Re-appointment Significance

Arunkumar Biyani's re-appointment as Chairman and Whole-time Director represents a crucial leadership continuity decision. At seventy years of age, his reappointment for a three-year term from April 1, 2026, to March 31, 2029, requires special shareholder approval under SEBI regulations. His extensive expertise in financial management, project advisory, and financing arrangements continues to be vital for the company's operations.

Compliance and Governance Framework

The postal ballot process adheres to multiple regulatory requirements, including provisions under the Companies Act 2013, SEBI Listing Regulations, and various MCA circulars. The company has confirmed compliance with all necessary regulatory frameworks, ensuring transparent and fair voting procedures for shareholders.

Damodar Industries Limited operates in the textile sector with activities spanning spinning, fancy roving injection, and weaving, maintaining its registered office in Mumbai and manufacturing facility in Maharashtra's MIDC Amravati industrial area.

Source: None/Company/INE497D01022/874836b2-915a-494c-b75e-8ea46c995229.pdf

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.