DOMS Industries Limited , a prominent player in the stationery and art materials sector, has successfully appointed five new directors to its board through a postal ballot process. The appointments, which include both executive and non-executive roles, were approved by shareholders with an overwhelming majority.

Board Expansion

The company announced the appointment of Om Santosh Raveshia as a Whole-time Director, along with four Non-Executive Independent Directors: Piyush Mehta, Rohan Ghalla, Harsh Thakkar, and Nitesh Shah. These appointments are expected to bring diverse expertise and fresh perspectives to DOMS Industries' leadership team.

Voting Process and Results

The postal ballot, conducted entirely through electronic means, took place from July 16 to August 14. CS Shreyans Jain of Shreyans Jain & Co. served as the scrutinizer for the voting process.

Key highlights of the voting results include:

• A total of 71,090 shareholders were eligible to vote as of the record date, July 11.
• The voting saw a significant participation rate, with 93.56% of outstanding shares cast.
• All five resolutions passed with the requisite majority, demonstrating strong shareholder support for the new appointments.

Detailed Voting Outcomes

The voting results for each appointment were as follows:

Compliance and Disclosure

In compliance with regulatory requirements, DOMS Industries Limited has disclosed the voting results and the scrutinizer's report as per Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also made this information available on its website and the e-voting platform provided by NSDL.

The appointment of these new directors marks a significant step for DOMS Industries Limited as it continues to strengthen its corporate governance and leadership structure. The overwhelming approval from shareholders indicates strong confidence in the company's strategic direction and the potential contributions of the newly appointed directors.

As DOMS Industries moves forward with its expanded board, stakeholders will be keen to observe how these new appointments influence the company's future strategies and performance in the competitive stationery and art materials market.

DOMS Industries Limited , a leading stationery and art materials manufacturer, has reported strong financial results for the first quarter. The company's performance was marked by significant revenue growth and strategic expansions.

Key Financial Highlights

• Consolidated operating revenues stood at Rs. 562.30 crores, representing a 26.4% year-on-year growth
• EBITDA grew by 14.3% to Rs. 98.70 crores, with margins at 17.6%
• Profit after tax (PAT) reached Rs. 59.10 crores, maintaining a 10.5% PAT margin

Growth Drivers and Strategic Initiatives

The company's robust performance was primarily driven by volume growth and marginal price increases due to changes in product mix. DOMS Industries witnessed growth across its diversified product portfolio, supported by positive sentiment in the domestic market and encouraging international demand trends.

Key strategic initiatives during the quarter included:

1. Acquisition: Completed the acquisition of Super Treads Private Limited (STPL) to strengthen delivery capabilities in the Eastern region and enhance paper stationery production capacity.

2. Capacity Expansion: Invested Rs. 70.00 crores in CAPEX during the quarter, with full-year CAPEX expected to be in the range of Rs. 210.00-225.00 crores. The ongoing 44-acre project is on track, with the first buildings expected to be delivered by the end of Q3.

3. Product Portfolio Expansion: Introduced new products across various segments, including Scholastic Stationery, Scholastic Art Materials, Kits & Combo Packs, Paper Stationery, and Office Supplies.

4. International Expansion: Witnessed positive growth in export sales, with the US market representing 5.5-5.8% of gross sales. The partnership with F.I.L.A. for international distribution is gaining traction.

Segment Performance

• Office Supplies: Showed strong 77% year-on-year growth, primarily driven by pen sales.
• Hobby & Craft: Experienced significant growth, particularly in the adhesive segment.
• Scholastic Stationery and Art Materials: When combined with Kits & Combos, these segments showed a growth of 6.4% year-on-year.

Future Outlook

Rahul Shah, Chief Financial Officer of DOMS Industries, expressed confidence in maintaining the company's growth trajectory. He stated, "We maintain our growth guidance of 18-20% with EBITDA margins of 16.5-17.5%." The company remains optimistic about domestic demand and is positive about the international markets for DOMS products.

DOMS Industries continues to focus on broadening its product portfolio, boosting production capabilities, and achieving sustainable profitable growth. With ongoing capacity expansions and strategic initiatives, the company is well-positioned to capitalize on the growing demand for its products both in India and internationally.

Conclusion

DOMS Industries' strong Q1 performance demonstrates the company's ability to execute its growth strategy effectively. With its focus on product innovation, capacity expansion, and market penetration, DOMS is poised for continued success in the stationery and art materials sector.