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Incorporated in 1987, Damodar IndustriesLtd is engaged in the manufacturing of and processing of Cotton & Fancy Yarn
Shareholders now have a special one-year window to dematerialize physical shares, even those previously rejected. All securities transferred via this window will be subject to a mandatory one-year lock-in period.
Promoter Arunkumar Biyani acquired 5,000 equity shares, increasing his stake from 13.91% to 13.93%. Additionally, he received 14,89,500 shares as a gift from promoter Anil Biyani, raising his total holding to 24.61% and Anil Biyani's to 0%.
Damodar Industries confirmed routine administrative compliance for the quarter ended December 31, 2025. This ensures accurate shareholder record-keeping and proper dematerialization of shares, reflecting good governance.
DAMODAR INDUSTRIES has resolved past non-compliance concerning its board and committee composition, now fully compliant with a new Independent Director. The company attributes the lapse to a human reporting error and is seeking a waiver for penalties imposed.
Promoter Arunkumar Biyani acquired 1.32 million shares (5.66% of equity) via gift from fellow promoters, at no cost. This internal reshuffling significantly increases his individual stake within the promoter group.