The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on November 18, 2025 for Arunkumar Biyani
DAMODARIND · price
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Promoter Arunkumar Biyani has created a pledge on 24,70,000 equity shares of Damodar Industries Limited on November 17, 2025. The disclosure was filed with BSE/NSE on November 18, 2025 under Regulation 31(1) and 31(2) of SEBI's SAST Regulations. The pledge size triggers the mandatory disclosure threshold because it exceeds 20% of the company's total share capital. The filing is signed by the promoter as an authorised signatory on behalf of himself and the PAC (persons acting in concert).
A significant portion of promoter shares has been pledged, which carries risk for retail shareholders — if the underlying loan defaults, the lender could invoke and sell pledged shares, potentially causing price pressure or a change in promoter control.