Damodar Industries shareholders to vote on director remuneration and reappointments via postal ballot
Damodar Industries Limited has announced a postal ballot to seek shareholder approval for several key resolutions, including the revision of remuneration for Managing Director Mr. Aman Arun Biyani and...
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Why is Damodar Industries Limited in the news today?
Damodar Industries Limited (DAMODARIND) is in the news due to the announcement pertains to routine corporate governance matters such as director remuneration and reappointments, which are standard procedures and do not inherently indicate a positive or negative shift in the company's performance or outlook.
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Damodar Industries shareholders to vote on director remuneration and reappointments via postal ballot
December 23, 2025, 01:04 PM
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Damodar Industries Limited has announced a postal ballot to seek shareholder approval for several key resolutions, including the revision of remuneration for Managing Director Mr. Aman Arun Biyani and Director Mr. Aditya A Biyani. The proposed revisions are effective from November 28, 2025, with monthly base salaries of ₹7,50,000 for Mr. Aman Arun Biyani and ₹7,00,000 for Mr. Aditya A Biyani, along with annual incentives and perquisites.
Furthermore, the company is seeking approval for the reappointment of Mr. Arunkumar Biyani as Chairman and Wholetime Director for a further term of three years, effective April 1, 2026, with a monthly base salary of ₹8,00,000. The shareholders will also vote on the continuation of Mrs. Mamta Biyani as a Non-Executive Independent Director for a term of five years, effective February 8, 2026, to February 7, 2029.
The postal ballot process will be conducted through remote e-voting. The e-voting period commences on Wednesday, December 24, 2025, at 9:00 a.m. IST and concludes on Thursday, January 22, 2026, at 5:00 p.m. IST. The results of the postal ballot are expected to be announced on or before Saturday, January 24, 2026. The company has appointed Mr. Vishal N. Manseta, Practicing Company Secretary, as the Scrutinizer for the process.
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