DOMS Industries Limited has informed the Exchange about Incorporation of DOMS FOUNDATION
DOMS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
DOMS Industries Limited, along with its subsidiaries and associate company, has incorporated 'DOMS FOUNDATION' on March 19, 2026 in India. The Foundation is a Section 8 company (not-for-profit) under the Companies Act, 2013, structured as a company limited by guarantee with no share capital. Its main purpose is to plan, implement, monitor, and manage CSR (Corporate Social Responsibility) activities for the DOMS Group in line with Section 135 of the Act and the CSR Rules. DOMS Industries directly controls 80% of the Foundation, while its subsidiaries and associate company together hold the remaining 20% in proportion to their guarantee amounts. No cash consideration or share swap was involved since there is no share capital.
This is a compliance-related, non-financial disclosure and is unlikely to have any direct impact on stock price or shareholder value. It signals the company's formal setup for managing its CSR obligations through a dedicated implementing agency.