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Damodar Industries Limited ( (IN:DAMODARIND) ) has provided an update.
Damodar Industries Limited has disclosed the results of a postal ballot process conducted entirely through remote e-voting, in line with securities listing and corporate governance regulations. The company used the MUFG Intime India Private Limited e-voting platform for shareholders to cast votes between March 2 and March 31, 2026.
Shareholders were asked to approve revisions in remuneration for Managing Director Aman Arun Biyani and Director Aditya A. Biyani, as well as the reappointment of Arunkumar Biyani, who is over 70, as Chairman and Whole-time Director for a further three-year term with fixed remuneration. A practicing company secretary was appointed as scrutinizer to oversee and certify the electronic voting process, underscoring the company’s adherence to statutory procedures and highlighting an ongoing consolidation of leadership and compensation structures within the Biyani family at the helm of the textile business.
More about Damodar Industries Limited
Damodar Industries Limited operates in the textile sector with activities spanning spinning of fancy yarns, weaving and processing. The company runs its registered office in Mumbai and maintains manufacturing operations in the MIDC textile park at Amravati in Maharashtra, indicating a focus on value-added yarns and fabric processing for the broader textile and apparel market.
The company lists its shares on both BSE and the National Stock Exchange of India under the symbol DAMODARTND, positioning it among India’s publicly traded textile manufacturers. Its infrastructure and multi-stage textile capabilities suggest it serves a range of domestic and possibly export-oriented customers seeking specialized yarns and processed fabrics.
Average Trading Volume: 2,951
Technical Sentiment Signal: Sell
Current Market Cap: 466M INR
See more data about DAMODARIND stock on TipRanks’ Stock Analysis page.