The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 19, 2026 for Arun Kumar Biyani
DAMODARIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Arun Kumar Biyani, a promoter of Damodar Industries Ltd, has pledged 2,70,000 shares (1.15% of total share capital) as security to State Bank of India (through SBI Capital Markets). The amount involved is Rs. 24.88 crore with a security cover of Rs. 11.42 crore. The purpose stated is for the benefit of the listed company as additional securities. The total promoter shareholding stands at 80,64,500 shares (34.61% of capital), with 64.60% of promoter holdings now encumbered, crossing both the 50% promoter and 20% total capital thresholds.
High pledging activity by promoters raises concerns about financial stress and potential future stake sales. With 64.60% of promoter shares already encumbered, there is increased risk of further dilution or stake transfer if lenders invoke the pledge.