DOMS Industries Limited has informed the Exchange regarding Change in Auditors of the company.
DOMS · price
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On the reaction day the stock moved 8.0 pts less than Nifty Smallcap 250 and 8.4 pts less than its Stationary peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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DOMS Industries reported strong FY25 results with revenue from operations of ₹1,709.1 crore (up 23% from ₹1,387.8 crore in FY24) and net profit of ₹189.9 crore (up 31% from ₹145.1 crore), giving basic EPS of ₹31.29. The Board recommended a final dividend of ₹3.15 per share, subject to shareholder approval. Four new independent directors (Nitesh Shah, Rohan Ghalla, Piyush Mehta, Harsh Thakkar) and a whole-time director (Om Santosh Raveshia, son of Managing Director Santosh Raveshia) were appointed for 5-year terms. The company also appointed a new Secretarial Auditor, Internal Auditor, and Cost Auditor, while statutory auditor Price Waterhouse continued with an unmodified opinion. Additionally, DOMS approved acquiring a 51% stake in paper stationery maker Super Treads Private Limited for ₹6.12 crore in cash, to expand its paper stationery presence in eastern India.
Strong earnings growth and dividend are positive for shareholders. The acquisition of Super Treads expands DOMS's paper stationery footprint and creates a subsidiary, though the deal size is modest. The appointment of the promoter's son as a whole-time director is a governance development investors should note, as it signals the next generation joining the management.