DOMS Industries Limited announced the incorporation of a new subsidiary, ‘DOMS FOUNDATION’, on March 19, 2026. This entity is a Section 8 company, established under the Companies Act, 2013, to manage the Corporate Social Responsibility (CSR) activities for the entire DOMS Group. As a company limited by guarantee without share capital, no cash consideration or share swap was involved in its creation.
Establishment of New Subsidiary for CSR Activities
DOMS Industries Limited has officially confirmed the incorporation of a new entity named ‘DOMS FOUNDATION’. The incorporation was completed on March 19, 2026, in India. This move is being executed pursuant to the company’s ongoing commitment to regulatory compliance and corporate governance requirements.
Purpose and Structure of DOMS FOUNDATION
DOMS FOUNDATION has been established as a not-for-profit company falling under Section 8 of The Companies Act, 2013. Its primary objective is to effectively plan, implement, monitor, and manage all Corporate Social Responsibility (CSR) activities for the DOMS Group. This structure aligns with Section 135 of the Act and the associated CSR Rules.
Structurally, the Foundation is categorized as a company limited by guarantee and does not have share capital. Consequently, no cash consideration or share swap was involved in its formation, and there are no subscription costs to report.
Shareholding and Control Structure
Control of DOMS FOUNDATION is distributed across the DOMS ecosystem. The parent company, DOMS Industries Limited, will directly control 80% of the organization. The remaining 20% control will be held by the company’s existing subsidiaries and associate companies, proportional to the guarantee amounts each undertakes.
Source: BSE
