DOMS Industries has extended the deadline for completing the acquisition of the remaining stake in Pioneer Stationery Private Limited to March 31, 2026. This extension, mutually agreed upon with Gala Group Shareholders, modifies the original plan to complete the acquisition by December 31, 2025. The initial partial acquisition of 6.5% has already been completed.
Pioneer Stake Acquisition Update
DOMS Industries Limited has announced a revised timeline for its acquisition of Pioneer Stationery Private Limited (‘Pioneer’). The company had previously planned to finalize the acquisition of the remaining stake by December 31, 2025.
Revised Completion Date
Due to a mutual agreement with Gala Group Shareholders, the acquisition deadline has been extended to March 31, 2026. The company will now complete the acquisition of the remaining stake in Pioneer on or before this revised date.
Background of the Acquisition
DOMS Industries had initially approved the acquisition of an additional 13.0% stake in Pioneer. The company had previously completed a partial acquisition of 6.5% of Pioneer’s stake from existing shareholders, as of August 30, 2025. All other details of the original acquisition plan remain unchanged.
Source: BSE
