DAMODARINDNSEDamodar Industries Limited· Textiles & ApparelsHighNegative
Announced Wed, 31 Dec, 2025 · 18:36 IST

Damodar Industries Limited has informed the Exchange regarding Cessation of Mr Indrajit Kanase as Company Secretary & Compliance Officer of the company w.e.f. December 31, 2025.

Kmp ResignedManagement Changes View source PDFExplain this filing

DAMODARIND · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close
+4.3%Reaction day
₹29.62
prior close
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announcement price
After-mkt
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Nifty Microcap 250market · in no size index; the smallest one is used+0.2%+4.1% vs market
Other Textile Products peers, median of 174sector-0.2%+4.5% vs sector

On the reaction day the stock moved 4.1 pts more than Nifty Microcap 250 and 4.5 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 174Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Mr. Indrajit Vilas Kanase has resigned from the post of Company Secretary & Compliance Officer of Damodar Industries Limited, effective December 31, 2025. The reason cited is to pursue career opportunities outside the organization. The company has confirmed receipt of his resignation letter and informed the stock exchanges as required under SEBI LODR regulations. No reason of any governance concern, dispute, or disciplinary action was mentioned in the disclosure. As of the date of the announcement, no replacement has been announced.

Likely market impact

This is a routine KMP-level change with no stated governance concerns. Shareholders should monitor whether the company appoints a replacement Company Secretary promptly, as this role is mandatory under the Companies Act and critical for regulatory compliance and shareholder communications.