Damodar Industries Promoters Acquire Additional 10.68% Stake Through Off

The promoter group of Damodar Industries Limited has substantially increased their stake in the company through a significant off-market acquisition, as disclosed under SEBI's substantial acquisition regulations. The transaction represents a notable consolidation of promoter holdings in the industrial company.

Transaction Details

The acquisition involved multiple promoter entities working in concert, with the transaction completed through off-market/inter-se transfer on March 30, 2026. The comprehensive promoter group includes key individuals and entities:

Parameter: Details Lead Acquirer: Arun Kumar Biyani Transaction Mode: Off-market/Inter-se transfer Transaction Date: March 30, 2026 Shares Acquired: 24,89,500 equity shares Acquisition Percentage: 10.68%

Shareholding Changes

The transaction has resulted in a significant increase in promoter group holdings, demonstrating strengthened promoter commitment to the company's future prospects.

Shareholding Metric: Before Acquisition After Acquisition Change Number of Shares: 55,75,000 80,64,500 +24,89,500 Voting Capital %: 23.93% 34.61% +10.68% Diluted Capital %: 23.93% 34.61% +10.68%

Promoter Group Composition

The acquisition involves an extensive promoter group comprising multiple family members and Hindu Undivided Families (HUFs):

Arun Kumar Biyani and Arun Kumar Biyani (HUF)

Anil D. Biyani and Ajay D Biyani

Manju Biyani, Bhawna A. Biyani, and Payal A Biyani

Aditya Biyani, Aman Biyani, and Akshay Anil Biyani

Ajay D. Biyani (HUF) and Damodarlal Biyani (HUF)

Sanju A. Biyani

Company Capital Structure

Damodar Industries Limited maintains a stable capital structure with no changes resulting from this promoter acquisition. The company's equity share capital remains at 2,33,00,000 equity shares of Rs.5 each both before and after the transaction. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited, providing liquidity to investors.

This substantial acquisition by the promoter group signals strong confidence in the company's prospects and represents a significant consolidation of ownership control. The transaction was completed in compliance with SEBI regulations governing substantial acquisitions and takeovers, ensuring transparency for all stakeholders.

Damodar Industries Limited has successfully completed its postal ballot process concluded on March 31, 2026, submitting the scrutinizer's report and voting results to stock exchanges in compliance with Regulation 44 of SEBI listing requirements. The textile company received strong shareholder support for all three special resolutions related to director appointments and remuneration.

Postal Ballot Process Details

The company conducted the postal ballot process through remote e-voting facilitated by MUFG Intime India Private Limited. The e-voting period commenced on March 2, 2026 at 09.00 A.M. and concluded on March 31, 2026 at 05.00 P.M. Vishal N. Manseta, Practicing Company Secretary, served as the scrutinizer, appointed by the Board of Directors on February 26, 2026.

Parameter: Details Total Shareholders on Record: 8,299 Cut-off Date: February 20, 2026 E-voting Platform: MUFG Intime India Private Limited Voting Period: March 2-31, 2026

Special Resolutions and Voting Results

All three special resolutions were passed with identical voting patterns, demonstrating strong shareholder confidence in the company's leadership decisions.

Resolution Details:

Resolution 1: Revision of remuneration of Mr. Aman Arun Biyani (DIN: 09131437), Managing Director

Resolution 2: Revision of remuneration of Mr. Aditya A Biyani (DIN: 10304061), Director

Resolution 3: Reappointment of Mr. Arunkumar Biyani (DIN: 00016519) as Chairman and Whole-time Director for three years

Voting Statistics

The voting results showed overwhelming support from participating shareholders across all resolutions.

Voting Outcome: Members Shares Percentage Votes in Favor: 41 1,91,019 95.48% Votes Against: 11 9,049 4.52% Total Participants: 52 2,00,068 100.00%

Regulatory Compliance

The company submitted the scrutinizer's report to both BSE (Scrip Code: 521220) and NSE (Symbol: DAMODARIND) on April 1, 2026, signed by Director Aditya A Biyani (DIN: 10304061). The voting results were unblocked in the presence of two independent witnesses, Anshika Sharma and Vandana Kalokhe, ensuring transparency in the process.

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

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