Damodar Industries Limited has announced the results of its postal ballot process that concluded on January 22, 2026, submitting the scrutinizer's report and voting outcomes to stock exchanges in compliance with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Process Details

The company conducted the postal ballot through remote e-voting facilitated by Link Intime. The voting process commenced on December 24, 2025, at 9:00 AM and concluded on January 22, 2026, at 5:00 PM. Vishal N. Manseta, a practicing company secretary, served as the scrutinizer for the process, having been appointed by the Board of Directors through a resolution dated November 28, 2025.

Resolution Outcomes

The postal ballot addressed four special resolutions related to board appointments and remuneration matters. The voting results showed mixed outcomes, with three resolutions failing to achieve the required majority while one was successfully passed.

Key Resolutions Details

The failed resolutions included remuneration revisions for Mr. Aman Arun Biyani (DIN: 09131437), the Managing Director, and Mr. Aditya A Biyani (DIN: 10304061), Director of the company. Additionally, the proposal to re-appoint Mr. Arunkumar Biyani (DIN: 00016519) as Chairman and Whole-time Director for a further term of three years, despite having attained the age of 70 years, did not receive the requisite majority.

The only successful resolution was the re-appointment of Mrs. Mamta Biyani (DIN: 01850136) as a non-executive independent director, which secured overwhelming support with 99.80% of votes in favour.

Regulatory Compliance

The company has fulfilled its regulatory obligations by submitting the scrutinizer's report and voting results to both BSE Limited (Scrip Code: 521220) and National Stock Exchange of India (Scrip Symbol: DAMODARIND). The notice for the postal ballot was originally dispatched to shareholders on December 23, 2025, along with explanatory statements as required under the Companies Act, 2013.

The scrutinizer's report was signed by Vishal N. Manseta (ACS No. 25183) on January 23, 2026, and the company's communication to the exchanges was signed by Director Arun Kumar Biyani (DIN: 00016519) on the same date.

Damodar Industries Limited has announced its unaudited financial results for the third quarter ended December 31, 2025, revealing mixed performance with quarterly challenges offset by strong nine-month results. The Mumbai-based textile company, engaged in spinning, fancy roving, and weaving operations, reported these results following a board meeting held on January 16, 2026.

Board Meeting and Corporate Developments

The board of directors meeting commenced at 2:30 PM and concluded at 5:30 PM on January 16, 2026. During the meeting, directors approved the unaudited financial results for the quarter and nine months ended December 31, 2025, along with the limited review report. The board also noted the resignation of Independent Director Mr. Pankaj Srivastava (DIN: 06716582).

Quarterly Financial Performance

The company's Q3FY26 performance showed a decline compared to the same period last year. Key financial metrics for the quarter demonstrate the challenging operating environment faced by the textile manufacturer.

The revenue decline was primarily attributed to reduced sales activity, while other income also decreased significantly to ₹97.62 lakhs from ₹307.31 lakhs in the previous year quarter.

Nine-Month Performance Analysis

Despite quarterly challenges, the company's nine-month performance showed remarkable improvement, particularly in profitability metrics.

The nine-month results demonstrate the company's ability to generate substantial profits despite revenue pressures, with net profit increasing by over 400% compared to the previous year.

Operational Expenses and Cost Structure

The company's expense management during Q3FY26 reflected the impact of lower business volumes. Total expenses decreased to ₹9,274.00 lakhs from ₹12,086.86 lakhs in Q3FY24. Key expense components included raw material consumed at ₹5,349.28 lakhs, goods traded at ₹2,021.06 lakhs, finance costs at ₹478.22 lakhs, and employee costs at ₹557.67 lakhs.

Company Profile and Operations

Damodar Industries maintains its registered office at Madhu Corporate Park, Worli, Mumbai, and operates manufacturing facilities at MIDC Amravati in Maharashtra. The company specializes in spinning, fancy roving, and weaving operations within the textile sector. The financial results were reviewed by the audit committee and approved by the board of directors, with limited review conducted by statutory auditors.