DOMS Industries Limited has informed the Exchange regarding Appointment of Mr. Nitesh Shah Mr. Rohan Ghalla, Mr. Piyush Mehta and Mr. Harsh Thakkar, as Non- Executive Independent Director of the company for a term of 5 consecutive years, subject to approval of Shareholders at ensuing Annual General Meeting.
DOMS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved audited FY25 results showing revenue from operations of ₹1,70,910.96 lakhs (up ~23% from ₹1,38,781.79 lakhs in FY24) and net profit of ₹18,986.40 lakhs (up ~31% from ₹14,509.88 lakhs), with Price Waterhouse issuing an unmodified opinion. A final dividend of ₹3.15 per share (face value ₹10) was recommended, subject to shareholder approval. Four new Non-Executive Independent Directors (Mr. Nitesh Shah, Mr. Rohan Ghalla, Mr. Piyush Mehta, Mr. Harsh Thakkar) were appointed for 5-year terms, and Mr. Om Santosh Raveshia, son of Managing Director Mr. Santosh Raveshia, was appointed as Whole-time Director. The board also approved acquiring a 51% stake (₹6.12 crores cash) in paper stationery maker Super Treads Private Limited, which will become a subsidiary, and allotted 350 shares under ESOP 2023 at ₹250 per share.
Strong FY25 results with ~23% revenue and ~31% profit growth, combined with a dividend, signal healthy shareholder returns. The strategic acquisition extends DOMS's paper stationery footprint into eastern India, while the appointment of MD's son as Whole-time Director indicates next-generation promoter involvement in operations and may be viewed as a long-term continuity positive by investors.