DOMS Industries Limited has announced the incorporation of a Section 8 company named 'DOMS Foundation' on March 19, 2026, under The Companies Act, 2013. The company disclosed this development through a regulatory filing dated March 20, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Foundation Structure and Purpose

DOMS Foundation has been incorporated as a not-for-profit company under Section 8 of The Companies Act, 2013. The foundation's primary objective is to plan, implement, monitor and manage Corporate Social Responsibility (CSR) activities for the DOMS Group in accordance with Section 135 of the Act, read with The Corporate Social Responsibility Rules, 2014 and Schedule VII of the Act.

Ownership and Control Structure

The control structure of DOMS Foundation reflects the DOMS Group's collaborative approach to CSR management. DOMS Industries Limited maintains direct control of 80% of the foundation, while the remaining 20% control is distributed among its subsidiaries and associate company. This distribution is proportional to the guarantee amounts undertaken by each entity.

Regulatory Compliance and Structure

The foundation has been structured as a company limited by guarantee not having share capital, which eliminates the need for cash consideration or share swap arrangements. This structure is typical for Section 8 companies focused on charitable and social objectives. No specific governmental or regulatory approvals were required for the incorporation beyond standard company registration procedures.

Strategic Implications

The establishment of DOMS Foundation represents a strategic move by DOMS Industries Limited to centralize and streamline its CSR activities across the group. By creating a dedicated implementing agency, the company aims to enhance the effectiveness and coordination of its social responsibility initiatives while ensuring compliance with statutory CSR requirements under Indian corporate law.

DOMS Industries Limited has filed its quarterly monitoring agency report for the quarter ended December 31, 2025, in compliance with SEBI regulations governing IPO proceeds utilization. The comprehensive report, prepared by CRISIL Ratings Limited as the appointed monitoring agency, provides detailed insights into the deployment of funds raised through the company's Initial Public Offer.

IPO Proceeds Utilization Overview

The monitoring report reveals significant progress in fund deployment during the third quarter of fiscal year 2026. The company utilized Rs 579.21 million during the quarter, bringing the total cumulative utilization to Rs 3,073.04 million from net proceeds of Rs 3,327.24 million.

Project Financing Progress

The primary objective of part-financing the proposed project continues to receive substantial allocation. Out of the allocated Rs 2,800.00 million for this purpose, Rs 2,545.79 million has been deployed, leaving Rs 254.20 million pending utilization. This project encompasses building construction, civil work, purchase of plant and machinery, utilities including sub-station installation, and miscellaneous contingencies.

The general corporate purposes allocation of Rs 527.24 million has been fully utilized. This revised amount reflects an increase from the original Rs 515.75 million due to lower actual issue expenses compared to estimates, with the Rs 11.49 million difference adjusted to general corporate purposes.

Investment of Unutilized Funds

The company has deployed the remaining Rs 254.20 million in fixed deposits and monitoring accounts to ensure optimal returns while maintaining liquidity. The investment strategy demonstrates prudent financial management:

The total earnings from these investments during the quarter amounted to Rs 5.03 million, bringing the market value of investments to Rs 259.23 million.

Regulatory Compliance and Monitoring

The report confirms full compliance with SEBI regulations, with no deviations from disclosed objects or material changes in financing means. CRISIL Ratings Limited, as the monitoring agency, has verified that all utilization aligns with the offer document disclosures. The company has obtained necessary certifications from M/s M I Shah & Co., Chartered Accountants, confirming the accuracy of fund deployment.

IPO Background

DOMS Industries conducted its Initial Public Offer from December 13-15, 2023, raising Rs 12,000.00 million in total. The issue comprised fresh issuance of Rs 3,500.00 million (net proceeds of Rs 3,327.24 million) and an offer for sale of Rs 8,500.00 million. The monitoring agency's oversight covers only the net proceeds from the fresh issuance portion.

The systematic deployment of IPO proceeds reflects the company's commitment to executing its expansion plans while maintaining transparency and regulatory compliance. With approximately 92.36% of proceeds already utilized, the company appears on track to complete its stated objectives in the coming quarters.