Outcome of the Board Meeting

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DAMODARIND · price

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

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₹28.00

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₹28.72

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AI summary

Damodar Industries Limited held its Board Meeting on May 15, 2026, and approved the audited financial results for Q4 and the full year ended March 31, 2026. The company reported total income of Rs. 9,328.94 Lakhs for FY2026, marginally up from Rs. 9,166.00 Lakhs in the previous year. Net profit surged significantly to Rs. 747.61 Lakhs compared to Rs. 320.96 Lakhs in FY2025, representing a 133% increase. The statutory auditor M/s Devpura Navlakha & Co. issued an unmodified (clean) opinion on the financial results. The board also appointed M/s Dilip M. Bathija as Cost Auditor for FY2026-27 and scheduled the 38th AGM for August 8, 2026.

Likely market impact

The company delivered strong profit growth with a clean audit, which is a positive signal for shareholders. However, the debt-to-equity ratio stands at approximately 1.31, indicating high leverage that investors should monitor.