Damodar Industries Limited has informed the Exchange regarding 'Disclosure pursuant to Regulation 10 (6) of SEBI (Substantial Acquisition of Share and Takeover Regulations, 2011.'.
DAMODARIND · price
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On the reaction day the stock moved in line with Nifty Microcap 250 and in line with 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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Promoter Mr. Arunkumar Biyani has acquired 13,20,000 equity shares (5.66% of diluted share capital) of Damodar Industries Limited from fellow promoters Mr. Anil D. Biyani and Mrs. Sanju Biyani through an inter-se transfer in the nature of a gift. The transaction, executed on 26 August 2025 at NIL price, was completed under Regulation 10(1)(a)(i) of SEBI Takeover Regulations, which exempts intra-promoter transfers from an open offer obligation. Post-transaction, Arunkumar Biyani's holding rose to approximately 23.90% of the company, while the transferors' combined holding dropped from around 16.49% to 10.82%. The required prior disclosure under Regulation 10(5) was filed on 18 March 2025, within the stipulated timeline. Total promoter shareholding in the company remains unchanged since this is a reshuffle among promoter group members.
This is a neutral internal reshuffle within the promoter family with no cash outflow or dilution for retail shareholders; however, the consolidation of stake with Mr. Arunkumar Biyani sharpens the promoter control structure, which may be viewed mildly positively by investors tracking governance and promoter intent.