DOMS Industries Limited has informed the Exchange about update on Acquisition of super Treads Private Limited
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DOMS Industries Limited has completed the acquisition of a 51% stake (5,10,000 equity shares of ₹10 each) in Super Treads Private Limited (STPL) for a total consideration of ₹6.12 Crores. The company executed a Shareholders Agreement and Share Purchase Agreement with STPL and its promoters, with the deal closing on June 01, 2025. This makes STPL a subsidiary of DOMS Industries effective from June 01, 2025. The move follows board approval and an earlier communication dated May 19, 2025 regarding the potential acquisition.
This acquisition expands DOMS Industries' footprint by bringing Super Treads Private Limited under its control as a subsidiary, which could contribute to future revenue and earnings. Shareholders should view this as a moderate positive, signaling inorganic growth, though the relatively small deal size of ₹6.12 Crores limits its immediate financial impact.