FILA reduces stake in DOMS to 19.01% via on-market sale

1 min read     Updated on 19 Jun 2026, 12:57 PM
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Reviewed by
Radhika SScanX News Team
AI Summary

Promoter F.I.L.A. – Fabbrica Italiana Lapis ed Affini S.p.A. reduced its stake in DOMS Industries by 7.00% through the sale of 4,248,184 equity shares on June 17, 2026. The on-market sale, disclosed under Regulation 29(2) of the SEBI Takeover Regulations, lowered the promoter's holding to 19.01% while retaining its status as the single largest shareholder.

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Doms Industries disclosed that its promoter, F.I.L.A. – Fabbrica Italiana Lapis ed Affini S.p.A., completed the sale of 4,248,184 equity shares, reducing its shareholding to 19.01%. The transaction, executed via an on-market sale on June 17, 2026, involved the disposal of a 7.00% stake in the company. Following the sale, F.I.L.A. retains its position as the single largest shareholder and promoter of DOMS Industries.

Transaction Details

The sale was conducted in accordance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disposal reduced F.I.L.A.'s holding from 26.01% to 19.01% of the total voting capital. The total equity share capital of DOMS Industries remains unchanged at 60,68,83,360 shares with a face value of ₹10 per equity share.

Parameter Details
Selling Shareholder F.I.L.A. – Fabbrica Italiana Lapis ed Affini S.p.A.
Shares Sold 4,248,184 equity shares
Percentage of Stake 7.00% of outstanding equity share capital
Mode of Sale On Market Sale
Date of Sale June 17, 2026
Remaining Holding 19.01%

Shareholding Structure

Prior to the transaction, F.I.L.A. held 15,787,746 shares carrying voting rights, representing 26.01% of the total share capital. Post-transaction, the promoter holds 11,539,562 shares. Additionally, 4,952,330 shares remain locked-in pursuant to Regulations 14 and 16 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Historical Stock Returns for DOMS Industries

1 Day5 Days1 Month6 Months1 Year5 Years
+0.93%+1.34%+4.38%-10.74%-5.58%+73.49%

Does F.I.L.A. intend to further reduce its stake in Doms Industries following this divestment?

How will the reduction in promoter holding impact Doms Industries' governance structure and strategic decision-making?

Who were the primary buyers of the offloaded shares, and does this indicate a change in institutional investor interest?

Doms Industries publishes postal ballot notice for director re-appointment

1 min read     Updated on 16 Jun 2026, 01:50 PM
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AI Summary

Doms Industries has published the postal ballot notice in newspapers on June 16, 2026, to seek shareholder approval for the re-appointment of Mr. Santosh Raveshia as Managing Director and Mr. Sanjay Rajani as Whole-time Director for a term of five years from January 1, 2027. The remote e-voting period commences on June 16, 2026, and concludes on July 15, 2026, with results to be announced within two working days thereafter.

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Doms Industries has published the postal ballot notice in newspapers on June 16, 2026, seeking shareholder approval for the re-appointment of Mr. Santosh Raveshia as Managing Director and Mr. Sanjay Rajani as Whole-time Director. The notice was dispatched electronically on June 15, 2026, to shareholders whose names appeared in the Register of Members or List of Beneficial Owners as on the cut-off date of Friday, June 12, 2026. The re-appointments are proposed for a term of five years commencing from January 01, 2027, to December 31, 2031, based on the recommendations of the Nomination and Remuneration Committee.

The remote e-voting facility will be available from 09:00 a.m. I.S.T. on Tuesday, June 16, 2026, until 05:00 p.m. I.S.T. on Wednesday, July 15, 2026. The company has engaged National Securities Depository Limited (NSDL) to facilitate the electronic voting process. The results of the postal ballot, along with the scrutinizer's report, will be announced within two working days from the conclusion of the voting period. The scrutinizer for the process is CS Shreyans Jain of M/s. Shreyans Jain & Co., Company Secretaries, Mumbai.

Re-appointment Details

The Board has recommended a fixed remuneration of ₹ 228.77 lakhs per annum for the financial year 2026-27 for Mr. Santosh Raveshia. For Mr. Sanjay Rajani, the Board has recommended a fixed remuneration of ₹ 155.56 lakhs per annum for the same period. In addition to the fixed remuneration, the Board may approve an incentive of up to 10% of the gross annual salary for the relevant financial year, subject to the achievement of the company's approved business plan.

Director Designation Tenure Proposed Remuneration (FY26-27)
Mr. Santosh Raveshia Managing Director Jan 01, 2027 to Dec 31, 2031 ₹ 228.77 lakhs
Mr. Sanjay Rajani Whole-time Director Jan 01, 2027 to Dec 31, 2031 ₹ 155.56 lakhs

Director Profiles

Mr. Santosh Raveshia, aged 50, has been associated with the company since its incorporation as a Promoter and Director. He holds 95,62,679 Equity Shares of ₹ 10 each in the company. Mr. Sanjay Rajani, aged 57, has been associated with the company since 2011 as a Promoter and Director and holds 45,38,497 Equity Shares of ₹ 10 each. Both directors satisfy the conditions specified in Part I of Schedule V and Section 196 of The Companies Act, 2013.

Historical Stock Returns for DOMS Industries

1 Day5 Days1 Month6 Months1 Year5 Years
+0.93%+1.34%+4.38%-10.74%-5.58%+73.49%

What specific strategic milestones are included in the company's approved business plan to trigger the 10% incentive for the directors?

How does the proposed remuneration for the re-appointments compare to industry benchmarks for similar-sized manufacturing companies?

What are the long-term succession plans for Doms Industries following the conclusion of these five-year terms in 2031?

More News on DOMS Industries

1 Year Returns:-5.58%