DOMS Industries Establishes DOMS Foundation
DOMS Industries Ltd. announced the incorporation of a Section 8 company, DOMS FOUNDATION, on March 19, 2026. The new entity will focus on corporate social responsibility (CSR) activities for the DOMS Group, aligning with Section 135 of The Companies Act, 2013 and related regulations.DOMS Industries Limited is the holding company and listed entity for DOMS FOUNDATION. The foundation is structured as a company limited by guarantee and will act as an implementing agency for CSR initiatives.
The DOMS Group maintains an 80% controlling interest in DOMS FOUNDATION, with the remaining 20% held by subsidiaries and an associate company.
Below is a summary of key details regarding the newly incorporated entity:
| Particulars | Disclosure | |
|---|---|---|
| a. | Name of the entity, date &country of incorporation, etc. | Name of the Company: DOMS FOUNDATION Date and Country of Incorporation: March 19, 2026, India. |
| b. | Name of holding company of the incorporated company and relation with the listed entity. | DOMS Industries Limited is the Holding Company and is itself the listed entity. |
| c. | Industry to which the entity being incorporated belongs. | DOMS Foundation has been incorporated as a not- for-profit company under Section 8 of the Act. |
| d. | Brief background about the entity incorporated in terms of products / line of business. | DOMS Foundation has been incorporated with the primary objective of planning, implementing, monitoring and managing CSR activities for the DOMS Group. It is structured as a Section 8 company limited by guarantee not having share capital and will act as an implementing agency. |
| f. | Nature of consideration - whether cash consideration or share swap and details of the same. | DOMS FOUNDATION has been incorporated as a company limited by guarantee not having share capital. Hence, there is no cash consideration or share swap involved. |
| h. | Percentage of shareholding/ control by the listed entity and/ or number of shares allotted. | The Company directly controls 80%, while the remaining 20% control is held by its subsidiaries and associate company in the proportion to the guarantee amounts undertaken. |
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