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Promoter Arunkumar Biyani has pledged 24,70,000 equity shares of Damodar Industries Limited. This transaction accounts for 22.84% of the company's total paid-up share capital. Notably, this means Arunkumar Biyani's entire holding of 22.84% is now encumbered, up from 0% pledged previously. Investors often watch promoter pledging levels closely as it can signal potential financial considerations.