DOMS Industries Board Approves Financial Results, Forms Joint Venture

DOMS Industries’ Board approved the unaudited financial results for Q3 FY26 and the nine months ended December 31, 2025. The Board also approved forming a 50:50 joint venture with Seven SpA (F.I.L.A. Group) to focus on backpacks and bags, with an initial investment of up to ₹15 crore. Additionally, the Board sanctioned the incorporation of DOMS Foundation for CSR activities and allotted 525 equity shares under its ESOP plan.

Financial Performance Highlights

DOMS Industries reported its unaudited standalone financial results, highlighting a total income of ₹514.43 million for Q3 FY26, compared to ₹504.78 million for Q3 FY25. Net profit for the quarter stood at ₹54.22 million. For the nine months ended December 31, 2025, the company’s total income was ₹1,531.16 million with a net profit of ₹165.45 million.

Joint Venture with Seven SpA

The Board has approved a 50:50 joint venture with Seven SpA, a F.I.L.A. Group company. This JVC will concentrate on manufacturing backpacks, pencil cases, and bags. DOMS and Seven will jointly leverage their capabilities, with the JVC expected to supply products for the F.I.L.A. Group globally and develop products for the Indian market. The initial investment is up to ₹15 crore and is targeted for completion by June 30, 2026.

DOMS Foundation Incorporated

The company is incorporating ‘DOMS Foundation’ under Section 8 of The Companies Act, 2013, to streamline its Corporate Social Responsibility (CSR) initiatives. The DOMS Foundation seeks to enhance the effectiveness and reach of the Group’s CSR.

Equity Shares Allotment

The company allotted 525 Equity Shares (face value of ₹10 each) under the Employee Stock Option Plan 2023. This allotment increases the company’s paid-up Equity Share capital from ₹606.88 million (60,687,811 shares) to ₹606.88 million (60,688,336 shares).

Source: BSE

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