DOMS Industries Limited has informed the Exchange regarding Resignation of Mr. Cristian Nicoletti as Non- Executive Director of the company w.e.f. May 13, 2025.
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Mr. Cristian Nicoletti (DIN: 10042858) has stepped down as Non-Executive Director of DOMS Industries Limited, effective end of business on May 13, 2025. In his resignation letter, he stated the decision was driven by circumstances around nomination rights between F.I.L.A. – Fabbrica Italiana Lapis Ed Affini Spa (an Italian partner/investor) and the Indian shareholders of the company, as laid out in a Shareholders Agreement dated May 7, 2025. He cited the need to avoid any potential conflict of interest and uphold high standards of corporate governance. The company has placed on record its appreciation for his contribution during his tenure.
This is a single non-executive director exit tied to a shareholder agreement dispute between the Italian JV partner and Indian promoters, so the immediate operational impact is limited. Investors should monitor for further board changes, clarity on how the nomination rights will be exercised next, and any shifts in the promoter–F.I.L.A. relationship, as this could affect future strategic decisions.