Damodar Industries Limited has informed the Exchange regarding Notice of Postal Ballot
DAMODARIND · price
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Damodar Industries Limited has issued a Postal Ballot notice seeking shareholder approval for three special resolutions. The first two seek to revise the remuneration of Managing Director Mr. Aman Biyani to Rs. 7.5 lakh per month and Director Mr. Aditya Biyani to Rs. 7 lakh per month, effective April 1, 2026, with annual increments of Rs. 25,000 and performance-based incentives up to 50% of base salary. The third resolution seeks the re-appointment of Mr. Arunkumar Biyani (who has crossed 70 years of age) as Chairman and Whole-time Director for a further three-year term until March 31, 2029, with a base salary of Rs. 8 lakh per month. E-voting will run from March 2, 2026 to March 31, 2026, and results will be announced on or before April 2, 2026. The cut-off date to be eligible to vote is February 20, 2026.
This is a routine governance exercise involving promoter-family executive remuneration and re-appointment, likely to pass given the Biyani family's control. No material business or capital-structure impact is expected, and shareholders should review if the remuneration levels seem reasonable relative to company performance.