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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 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.

Damodar Industries Submits Q3 FY26 SEBI Depository Compliance Certificate

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 14 Jan 2026, 09:17 PM

Damodar Industries Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, provided by MUFG Intime India Private Limited, confirms that all share certificates received for dematerialization during the quarter ended December 31, 2025, were processed according to regulatory timelines. It further verifies that the securities have been listed on the stock exchanges and physical certificates were duly cancelled. This is a standard administrative filing and does not impact the company's financial performance.

Compliance certificate submitted for the quarter ended December 31, 2025
Issued by Registrar and Share Transfer Agent, MUFG Intime India Private Limited
Confirms dematerialization requests were accepted or rejected within prescribed timelines
Confirms physical certificates were mutilated and cancelled after verification
Verification ensures the name of depositories is substituted in the register of members

💡 No action is required from investors as this is a routine regulatory filing confirming standard administrative compliance.

Damodar Industries Independent Director Pankaj Srivastava Resigns Effective Jan 13, 2026

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 14 Jan 2026, 06:28 PM

Mr. Pankaj Srivastava has resigned from his position as a Non-Executive Independent Director of Damodar Industries Limited, effective January 13, 2026. He cited personal commitments and pre-occupation as the reasons for his departure, confirming there are no other material reasons for the move. His resignation also results in his cessation as a member of the Audit, Nomination and Remuneration, and Stakeholders Relationship Committees. Having been appointed only in July 2025, his tenure lasted approximately six months.

Mr. Pankaj Srivastava resigned as Independent Director effective from the close of business hours on January 13, 2026.
The director cited personal commitments and pre-occupation as the primary reasons for his resignation.
He was a member of three key board committees: Audit, Nomination and Remuneration, and Stakeholders Relationship.
The resignation comes relatively shortly after his appointment on July 24, 2025.

💡 This is a routine management change and does not impact the company's fundamentals; investors should monitor for the appointment of a successor to ensure board compliance.

Damodar Industries CS & Compliance Officer Indrajit Kanase Resigns Effective Dec 31, 2025

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 31 Dec 2025, 06:36 PM

Damodar Industries Limited has announced the resignation of Mr. Indrajit Kanase from the position of Company Secretary and Compliance Officer. The cessation is scheduled to take effect from the close of business hours on December 31, 2025. Mr. Kanase is leaving the organization to pursue career opportunities elsewhere. This transition involves a Key Managerial Personnel (KMP) but is considered a routine administrative change.

Mr. Indrajit Kanase has resigned as Company Secretary and Compliance Officer.
The resignation is effective from December 31, 2025.
The reason for resignation is to pursue career opportunities outside the organization.
The company must appoint a successor to ensure continued regulatory compliance under SEBI LODR regulations.

💡 This is a routine management update and does not impact the company's financial or operational performance. No immediate action is required from investors.

Damodar Industries to Close Trading Window from Jan 1, 2026 for Q3 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Dec 2025, 05:26 PM

Damodar Industries Limited has announced the closure of its trading window effective from January 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is a standard procedure ahead of the board meeting to consider and approve the unaudited standalone financial results for the quarter ending December 31, 2025. The window will remain closed for all designated persons and their immediate relatives until 48 hours after the results are declared. The specific date for the board meeting will be disclosed to the exchanges separately in the future.

Trading window closure begins on January 1, 2026
Closure is related to the approval of financial results for the quarter ended December 31, 2025
Window will reopen 48 hours after the official announcement of the results
Restriction applies to all designated persons and their immediate relatives as per SEBI norms

💡 This is a routine regulatory filing with no impact on company fundamentals. Investors should monitor for the future announcement of the board meeting date to track the company's quarterly performance.

Damodar Industries Proposes MD Salary Revision and Board Re-appointments via Postal Ballot

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 23 Dec 2025, 06:34 PM

Damodar Industries has issued a postal ballot notice seeking shareholder approval for the revision of remuneration for Managing Director Aman Arun Biyani and Director Aditya A Biyani. The proposed base salary for the MD is set at ₹7.5 lakh per month with annual increments and performance-linked incentives up to 50%. Additionally, the company seeks to re-appoint Arunkumar Biyani as Chairman for a three-year term and Mrs. Mamta Biyani as an Independent Director. The e-voting period for these special resolutions is scheduled from December 24, 2025, to January 22, 2026.

Proposed revision of MD Aman Arun Biyani's base salary to ₹7.5 lakh per month with ₹25,000 annual increments.
Performance-based incentive for the Managing Director capped at 50% of the base salary.
Re-appointment of Arunkumar Biyani as Chairman and Whole-time Director for a 3-year term despite being over 70 years old.
E-voting period spans from December 24, 2025, to January 22, 2026, with results expected by January 24, 2026.
Re-appointment of Mrs. Mamta Biyani as a Non-Executive Independent Director of the company.

💡 Investors should assess whether the proposed executive compensation is commensurate with the company's financial performance and scale. Monitor the voting results on January 24, 2026, to confirm management stability and governance alignment.

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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.