DOMS Industries Limited has informed stock exchanges about a GST order received by its subsidiary Uniclan Healthcare Private Limited from tax authorities. The disclosure was made under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

GST Order Details

The Office of Superintendent of Central Taxes (CGST), Thane, issued the order under Section 74 and 122 of the CGST Act and relevant sections of MGST Act, 2017. The order was received by the company on March 20, 2026, and relates to financial year 2021-22.

Financial Impact and Allegations

The GST order addresses alleged wrongful availment of Input Tax Credit (ITC) and utilization of such ITC without actual receipt of the underlying goods or services. The financial implications include multiple components as detailed by the tax authorities.

Company Response and Impact Assessment

DOMS Industries has indicated that Uniclan Healthcare is evaluating appropriate legal remedies against the order and plans to file a response within the prescribed time limit. The company has assessed the potential impact on its operations and provided guidance on the matter.

The company has stated that there is no material impact on the financial, operations, or other activities due to this order. This assessment suggests that the subsidiary's legal challenges are not expected to significantly affect the parent company's overall business performance.

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations, specifically referencing the company's earlier communication dated October 03, 2025. This demonstrates the company's adherence to transparency requirements for listed entities regarding material developments affecting subsidiaries.

The matter represents part of ongoing GST compliance challenges that companies face in the evolving tax landscape, with authorities scrutinizing Input Tax Credit claims and their proper utilization.

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.