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DAMODARIND - Damodar Indust.

📊 NSE: DAMODARIND 🏢 Textiles - Spinning - Synthetic / Blended 📅 Last Updated: 12/13/2025 21:21

📢 Recent Corporate Announcements

Damodar Industries Shareholders Approve Independent Director Appointment with 99.97% Majority

🟢 POSITIVE ⭐ 4/10

MANAGEMENT 📅 24 Apr 2026, 05:56 PM

Damodar Industries Limited has announced the successful conclusion of its Postal Ballot process on April 23, 2026. Shareholders overwhelmingly approved the appointment of Mr. Suresh Narayan Nayak as a Non-Executive Independent Director. The resolution received 9,889,616 votes in favor, representing 99.97% of the total votes cast, while only 2,725 votes were cast against. This high approval rating indicates strong shareholder confidence in the company's governance and board composition.

Appointment of Mr. Suresh Narayan Nayak as Non-Executive Independent Director approved.
Resolution passed with a significant majority of 99.97% votes in favor.
Total of 9,889,616 shares voted in favor versus 2,725 shares against.
The voting process was conducted via remote e-voting from March 25 to April 23, 2026.
The scrutinizer's report confirmed the resolution was passed with the requisite majority.

💡 This is a routine management update that strengthens corporate governance; investors should maintain their current positions as the board remains stable.

Damodar Industries Appoints Suresh Narayan Nayak as Independent Director with 99.97% Votes

🟢 POSITIVE ⭐ 6/10

MANAGEMENT 📅 24 Apr 2026, 05:51 PM

Damodar Industries Limited has successfully passed a special resolution to appoint Mr. Suresh Narayan Nayak as a Non-Executive Independent Director. The voting process, which concluded on April 23, 2026, saw overwhelming support from shareholders. Out of the total votes cast, 9,889,616 shares (99.97%) were in favor, while only 2,725 shares (0.03%) were against. This move aligns with SEBI's corporate governance requirements and strengthens the company's leadership structure.

Special resolution for the appointment of Mr. Suresh Narayan Nayak as Independent Director passed.
9,889,616 shares (99.97%) voted in favor of the appointment.
Only 2,725 shares (0.03%) voted against the resolution.
The voting results were based on a record date of March 20, 2026, with 8,292 total shareholders.

💡 The high approval rating indicates strong shareholder confidence in the management's choice. Investors should continue to monitor the company's operational performance under the refreshed board.

Damodar Industries Submits SEBI Demat Compliance Certificate for Q4 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 09 Apr 2026, 02:24 PM

Damodar Industries Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by its Registrar and Share Transfer Agent, MUFG Intime India Private Limited, covers the quarter ended March 31, 2026. It confirms that all share dematerialization requests were processed, and physical certificates were duly cancelled and substituted with the depository's name in the records. This is a standard administrative filing required by Indian listing regulations.

Compliance confirmed for the quarter ended March 31, 2026, under SEBI Regulation 74(5).
Registrar MUFG Intime India Private Limited verified the processing of dematerialization requests.
Physical share certificates received were mutilated and cancelled as per regulatory requirements.
The company's securities remain listed on the stock exchanges following the demat process.

💡 No action is required from investors as this is a routine regulatory filing. It indicates the company is following standard procedures for share registry management.

Damodar Industries Shareholders Approve Remuneration Revisions and Chairman Re-appointment

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 01 Apr 2026, 09:17 PM

Damodar Industries Limited has announced the successful passage of three special resolutions via a postal ballot concluded on March 31, 2026. Shareholders approved the revision of remuneration for Managing Director Aman Arun Biyani and Director Aditya A Biyani. Additionally, the re-appointment of Arunkumar Biyani as Chairman and Whole-time Director for a three-year term was confirmed. All resolutions were passed with a significant majority of 95.48% of the total votes cast.

Revision of remuneration for Managing Director Aman Arun Biyani approved with 95.48% votes in favor.
Re-appointment of Arunkumar Biyani as Chairman and Whole-time Director for a further term of 3 years.
Revision of remuneration for Director Aditya A Biyani passed with 1,91,019 shares in favor.
Only 4.52% of votes (9,049 shares) were cast against the proposed management and compensation changes.

💡 No immediate action is required as these are standard corporate governance and management updates. Investors should monitor if the increased remuneration impacts future profitability margins.

Damodar Industries Announces Trading Window Closure from April 1, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Mar 2026, 06:10 PM

Damodar Industries Limited has notified the stock exchanges that its trading window for dealing in company securities will be closed starting April 1, 2026. This action is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015. The closure is intended for designated persons and their immediate relatives until 48 hours after the declaration of the Audited Standalone Financial Results for the quarter and year ending March 31, 2026. The specific date for the board meeting to approve these results will be announced separately.

Trading window closure effective from April 1, 2026, for all designated persons.
Closure relates to the approval of Audited Standalone Financial Results for the quarter and year ended March 31, 2026.
The window will remain closed until 48 hours after the conclusion of the relevant Board Meeting.
The company will separately inform the exchanges regarding the specific date of the Board Meeting.

💡 No immediate action is required as this is a routine compliance filing. Investors should look out for the upcoming board meeting date to review the company's full-year financial performance.

Damodar Industries Announces Trading Window Closure from April 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Mar 2026, 05:20 PM

Damodar Industries Limited has informed the exchanges that its trading window will be closed starting April 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations for the purpose of considering financial results. The window will remain closed for designated persons until 48 hours after the announcement of the unaudited standalone financial results for the quarter and year ending March 31, 2026. The specific date for the board meeting to approve these results will be notified separately.

Trading window for designated persons closes effective April 1, 2026
Closure pertains to the financial results for the quarter and year ended March 31, 2026
Window to reopen 48 hours after the board meeting results are made public
The company is yet to announce the specific date for the upcoming board meeting

💡 This is a routine regulatory filing with no impact on company fundamentals. Investors should monitor for the upcoming board meeting date to review the year-end financial performance.

Damodar Industries to Appoint Suresh Narayan Nayak as Independent Director for 5-Year Term

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 24 Mar 2026, 07:06 PM

Damodar Industries Limited has issued a postal ballot notice seeking shareholder approval for the appointment of Mr. Suresh Narayan Nayak as a Non-Executive Independent Director. The proposed appointment is for a term of five consecutive years, effective from March 17, 2026. The voting process will be conducted exclusively through electronic means, with the voting window open from March 25 to April 23, 2026. This is a routine governance procedure to strengthen the board's independent oversight.

Proposed appointment of Mr. Suresh Narayan Nayak as Non-Executive Independent Director for a 5-year tenure.
Remote e-voting period starts on March 25, 2026, and ends on April 23, 2026.
The cut-off date for determining shareholder eligibility to vote is March 20, 2026.
The resolution is proposed as a Special Resolution, requiring a 75% majority for approval.
Final results of the postal ballot will be announced on or before April 25, 2026.

💡 Investors should review the appointee's credentials in the full postal ballot notice to ensure the board maintains high standards of corporate governance. No immediate portfolio changes are necessary as this is a standard management update.

Damodar Industries Appoints New Independent Director and Company Secretary

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 17 Mar 2026, 03:39 PM

Damodar Industries Limited announced key leadership changes following its board meeting on March 17, 2026. The company has appointed Mr. Suresh Narayan Nayak as an Additional Independent Director for a five-year term, leveraging his extensive experience in banking and RBI compliance. Furthermore, Mr. Subrat Shukla has been appointed as the Company Secretary and Compliance Officer. The board also approved the Cost Audit report for FY 2024-25 and initiated a postal ballot process for shareholder approvals.

Appointment of Mr. Suresh Narayan Nayak as an Independent Director for a 5-year term starting March 17, 2026.
Mr. Subrat Shukla appointed as Company Secretary and Compliance Officer effective March 17, 2026.
Board approved the Cost Audit report for the financial year 2024-2025.
Initiation of a Postal Ballot process to obtain shareholder approval for the new director appointment.
Mr. Nayak brings over 35 years of experience from major banks including YES BANK, Axis Bank, and HDFC Bank.

💡 These management changes are part of routine corporate governance and strengthening of the leadership team. No immediate action is required, but investors should monitor the postal ballot results for official confirmation.

Damodar Industries Proposes MD Salary Revision to ₹7.5 Lakh/Month and Chairman Re-appointment

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 27 Feb 2026, 07:31 PM

Damodar Industries has initiated a postal ballot to seek shareholder approval for the revision of remuneration for its top management. The company proposes a base salary of ₹7.5 lakh per month for Managing Director Aman Arun Biyani, effective April 1, 2026, along with performance-linked incentives. Additionally, the board seeks to re-appoint Arunkumar Biyani as Chairman and Whole-time Director for a three-year term, necessitating a special resolution due to him being over 70 years of age. Shareholders can participate in the e-voting process from March 2 to March 31, 2026.

Proposed revision of MD Aman Arun Biyani's base salary to ₹7,50,000 per month effective April 2026
Performance-based annual incentive for the MD capped at 50% of the base salary
Re-appointment of Arunkumar Biyani as Chairman and Whole-time Director for a further 3-year term
Fixed annual salary increment of ₹25,000 per month for the Managing Director
E-voting period for shareholders scheduled from March 2, 2026, to March 31, 2026

💡 Investors should evaluate whether the proposed compensation increases are commensurate with the company's financial performance and industry standards. Shareholders are encouraged to exercise their voting rights via the electronic postal ballot system.

Damodar Industries Re-appoints Chairman for 3 Years and Revises Executive Remuneration

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 26 Feb 2026, 05:28 PM

Damodar Industries has approved the re-appointment of Mr. Arunkumar Biyani as Chairman and Whole-time Director for a three-year term effective April 1, 2026. The board also approved revisions to the remuneration packages for Managing Director Mr. Aman Arun Biyani and Director Mr. Aditya A Biyani. These leadership and compensation changes are subject to shareholder approval through a postal ballot process. The move ensures management continuity as the Chairman, aged 70, continues to oversee financial management and project advisory.

Re-appointment of Mr. Arunkumar Biyani as Chairman and WTD for a 3-year term until March 2029.
Revision of remuneration approved for Managing Director Mr. Aman Arun Biyani.
Revision of remuneration approved for Director Mr. Aditya A Biyani.
Initiation of a Postal Ballot process to seek shareholder approval for these executive changes.
Mr. Arunkumar Biyani continues his role despite reaching the age of 70, requiring special approval.

💡 Investors should review the specific details of the remuneration increases in the upcoming Postal Ballot notice to ensure they are commensurate with the company's performance. The re-appointment suggests stability in the top leadership tier.

Damodar Industries Clarifies Single Segment Operations for Q3 FY26 Results

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 05 Feb 2026, 01:38 PM

Damodar Industries Limited has responded to a clarification sought by the National Stock Exchange regarding its financial results for the quarter ended December 31, 2025. The exchange queried the non-submission of segment-wise results in the filing approved on January 16, 2026. The company clarified that it operates exclusively in the Textile segment and has no other business segments to report. This filing ensures compliance with Regulation 33 of SEBI (LODR) Regulations, 2015.

NSE sought clarification on missing segment results for the period ended December 31, 2025.
Company confirmed it operates only in the Textile segment with no other reportable divisions.
The financial results were originally approved by the Board on January 16, 2026.
The clarification was officially submitted to the exchange on February 3, 2026.

💡 This is a routine regulatory clarification and does not change the company's financial outlook. Investors should continue to track the core textile business performance.

Damodar Industries Shareholders Reject Remuneration Hikes and Chairman Re-appointment

🔴 NEGATIVE ⭐ 7/10

MANAGEMENT 📅 23 Jan 2026, 08:12 PM

In a significant move, shareholders of Damodar Industries have rejected three out of four special resolutions proposed via postal ballot. The rejected proposals included salary revisions for Managing Director Aman Arun Biyani and Director Aditya A Biyani. Most notably, the re-appointment and remuneration of Arunkumar Biyani as Chairman and Whole-time Director for a three-year term was also voted down. Only the re-appointment of Mrs. Mamta Biyani as an Independent Director was approved by the shareholders.

Shareholders rejected the revision of remuneration for Managing Director Aman Arun Biyani.
The proposal to fix remuneration and re-appoint Arunkumar Biyani as Chairman for 3 years failed to pass.
A resolution to revise the remuneration of Director Aditya A Biyani was also defeated.
Only 1 out of 4 special resolutions, the re-appointment of an Independent Director, was successful.
The postal ballot voting period concluded on January 22, 2026.

💡 Investors should exercise caution as the rejection of the Chairman's re-appointment and executive pay hikes suggests significant shareholder dissatisfaction with current management or governance. Monitor the company's next steps regarding leadership continuity and board composition.

Damodar Industries Shareholders Reject Remuneration and Chairman Re-appointment Resolutions

🔴 NEGATIVE ⭐ 8/10

MANAGEMENT 📅 23 Jan 2026, 08:09 PM

Damodar Industries Limited reported the outcome of its postal ballot process conducted from December 2024 to January 2026. Shareholders rejected three out of four special resolutions, including the revision of remuneration for the Managing Director and another Director. Significantly, the resolution to re-appoint Mr. Arunkumar Biyani as Chairman and Whole-time Director for a three-year term was also defeated. Only the re-appointment of Mrs. Mamta Biyani as an Independent Director was approved by the shareholders.

Shareholders rejected the revision of remuneration for Managing Director Mr. Aman Arun Biyani.
Resolution for the revision of remuneration for Director Mr. Aditya A Biyani was not passed.
The re-appointment and remuneration fix for Chairman Arunkumar Biyani (aged 70) for a 3-year term was rejected.
Only 1 out of 4 proposed special resolutions was passed: the re-appointment of Mrs. Mamta Biyani as Independent Director.

💡 Investors should view the rejection of the Chairman's re-appointment and executive pay as a sign of significant shareholder activism or dissatisfaction with governance. Monitor for management's response and potential leadership transitions or revised compensation structures.

Damodar Industries Q3 Net Profit Drops 38% YoY to ₹98.88 Lacs; Revenue Down 22%

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 16 Jan 2026, 06:27 PM

Damodar Industries reported a weak set of numbers for Q3 FY26, with revenue from operations falling 22.4% YoY to ₹9,328.91 Lacs. Net profit for the quarter declined by 38.4% YoY to ₹98.88 Lacs, down from ₹160.54 Lacs in the year-ago period. While the quarterly performance was sluggish both YoY and QoQ, the nine-month (9M) cumulative net profit remains significantly higher at ₹445.74 Lacs compared to ₹83.79 Lacs in the previous year. The board also noted the resignation of Independent Director Mr. Pankaj Srivastava.

Revenue from operations decreased to ₹9,328.91 Lacs in Q3 FY26 compared to ₹12,026.57 Lacs in Q3 FY25.
Net Profit for the quarter stood at ₹98.88 Lacs, a decline from ₹114.68 Lacs in the preceding quarter (Q2 FY26).
9M FY26 net profit improved substantially to ₹445.74 Lacs from ₹83.79 Lacs in 9M FY25.
Total expenditure for the quarter was ₹9,274.00 Lacs, down from ₹12,086.86 Lacs YoY, primarily due to lower trading activity.
Independent Director Mr. Pankaj Srivastava resigned from the board effective January 16, 2026.

💡 The sharp decline in quarterly revenue and profitability indicates immediate operational pressure, making the stock's short-term outlook cautious. Investors should weigh the weak Q3 results against the improved 9-month cumulative performance to determine if the current slowdown is cyclical or structural.

Damodar Industries Q3 Net Profit Drops 38% YoY to ₹98.88 Lakhs; Revenue Down 22%

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 16 Jan 2026, 06:23 PM

Damodar Industries reported a weak performance for the quarter ended December 31, 2025, with net profit declining 38.4% year-on-year to ₹98.88 lakhs. Revenue from operations saw a significant contraction of 22.4%, falling to ₹9,328.91 lakhs compared to ₹12,026.57 lakhs in the same period last year. Sequentially, the company also faced pressure, with revenue and profit declining by 23.5% and 13.8% respectively compared to Q2 FY26. Additionally, the company noted the resignation of Independent Director Mr. Pankaj Srivastava.

Net Sales for Q3 FY26 fell to ₹9,328.91 lakhs from ₹12,026.57 lakhs in Q3 FY25
Net Profit after tax decreased to ₹98.88 lakhs, down from ₹160.54 lakhs in the previous year's corresponding quarter
Earnings Per Share (EPS) for the quarter stood at ₹0.42, compared to ₹0.69 in Q3 FY25
Total expenses for the quarter were ₹9,274.00 lakhs, with raw material consumption accounting for ₹5,349.28 lakhs
Independent Director Mr. Pankaj Srivastava resigned from the board effective January 16, 2026

💡 Investors should exercise caution as the company shows a significant decline in both top-line and bottom-line performance on a YoY and QoQ basis. Monitor the management's commentary regarding demand recovery and margin pressure in the textile sector.

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💰 Financial Performance

Revenue Growth by Segment

Revenue from operations was INR 421.44 Cr in FY25, representing a 41% decline from INR 715.38 Cr in FY24. Segment-specific growth is not detailed, but the company diversified into man-made fibers starting Q2 FY25.

Profitability Margins

Net Profit Margin improved to 1.28% in FY25 from 0.73% in FY24. Gross margin (based on cost of consumption) was approximately 53.6% of revenue.

EBITDA Margin

Operating margins are targeted to remain above 7% for credit rating sustenance. Interest coverage ratio stood at 2.18x in FY25.

Capital Expenditure

Planned capital expenditure of INR 4-4.5 Cr over the medium term, to be funded through internal accruals.

Credit Rating & Borrowing

CRISIL upgraded the rating to 'BBB-/Stable' from 'BB+/Stable'. Gearing improved to 1.31x as of March 31, 2025, from 2.22x in the previous year due to term loan prepayments.

⚙️ Operational Drivers

Raw Materials

Cotton and Man-made fibers. Cost of consumption was INR 195.52 Cr, representing 46.4% of total revenue.

Capacity Expansion

The company started manufacturing man-made fibers in Q2 FY25. It is also realizing funds from the sale of its Dadra plant to improve financial position.

Raw Material Costs

Raw material consumption costs decreased by 47.6% YoY to INR 195.52 Cr in FY25, following the sharp decline in overall revenue.

Manufacturing Efficiency

Bank limit utilization is high, averaging 88% for the twelve months ended April 2025.

Logistics & Distribution

Other expenses, including distribution and administrative costs, totaled INR 43.88 Cr, or 10.4% of revenue.

📈 Strategic Growth

Expected Growth Rate

41.65%

Growth Strategy

Growth is targeted through the new man-made fiber division launched in Q2 FY25, leveraging 40+ years of promoter experience, and improving the financial risk profile via the sale of the Dadra plant and government subsidies.

Products & Services

Spinning of fancy roving injected yarns, weaving products, and man-made fibers.

Brand Portfolio

Damodar

New Products/Services

Man-made fibers launched in Q2 FY25.

🌍 External Factors

Industry Trends

The industry is shifting toward man-made fibers to mitigate the volatility of cotton prices; the company positioned itself for this by starting MMF production in FY25.

Competitive Landscape

The company operates in a fragmented textile market with volatile revenue trends.

Competitive Moat

Moat is built on the 'Damodar' brand value and over four decades of promoter experience in industry dynamics and customer relationships.

Macro Economic Sensitivity

Highly sensitive to economic development and demand cycles in the textile sector.

Consumer Behavior

Shift in demand toward man-made fiber-based textiles.

⚖️ Regulatory & Governance

Industry Regulations

Maintenance of cost records is required under Section 148 of the Companies Act, 2013; the auditor confirmed these are maintained.

Taxation Policy Impact

Current tax of INR 0.59 Cr (59.33 Lakh) and a deferred tax credit of INR 2.01 Cr in FY25.

Legal Contingencies

The company has complied with provisions of sections 73 to 76 regarding public deposits; no orders have been passed by NCLT or RBI against the company.