Damodar Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on February 26, 2026.
DAMODARIND · price
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Damodar Industries held a board meeting on February 26, 2026, approving several key items. The remuneration of Managing Director Mr. Aman Arun Biyani and Director Mr. Aditya A Biyani has been revised. Mr. Arunkumar Biyani (DIN: 00016519), a 70-year-old promoter director, has been re-appointed as Chairman and Whole-time Director for a further 3-year term from April 1, 2026 to March 29, 2029, subject to shareholder approval. A postal ballot process has been initiated to seek shareholder approval, with Vishal N Manseta appointed as Scrutinizer and an e-voting agency engaged. The board meeting was short, lasting just 30 minutes (4:00 PM to 4:30 PM).
Shareholders will get to vote on the re-appointment of the 70-year-old promoter Chairman and the revised remuneration for the Biyani family directors through a postal ballot. The re-appointment of a senior promoter reinforces continued family control of the company, which may be seen positively by some investors focused on stability but could raise governance concerns for others.