Damodar Industries Limited — Important, 18-03-2025: Updates

The company has reported inter-se transfers of shares among promoters, involving significant quantities of shares in the form of gifts. Key highlights include:

1. **Manju Biyani** is set to acquire 34,00,000 shares from Ajay D. Biyani, increasing her stake from 13,40,000 (5.75%) to 47,40,000 (20.34%).

2. **Arunkumar Biyani** will receive 29,20,000 shares from multiple promoters, resulting in a total holding of 55,70,000 shares (23.90%).

3. Other substantial transfers include **Abhishek Biyani** acquiring 1,50,000 shares from Radhika A. Biyani and **Kanta Biyani** transferring 8,00,000 shares to Arunkumar.

The overall promoter group’s holdings remain unchanged, but individual stakes have significantly shifted, indicating potential strategic repositioning. Investors should watch closely for implications on governance and control dynamics within the company as these transactions unfold. The transactions reflect ongoing consolidation among the promoter group, which could impact stability and long-term strategy.