DOMS Industries Limited has released its Monitoring Agency Report for the quarter ended March 31, 2026. The report confirms that the company has largely utilized the net proceeds from its IPO in line with the objects specified in the offer document. Total utilized funds for project expansion and corporate purposes reached Rs 3,290.78 million, with a small unutilized balance of Rs 36.46 million held in the company’s designated monitoring bank account.
Financial Utilization Overview
As of the quarter ending March 31, 2026, DOMS Industries Limited has successfully deployed the vast majority of its IPO net proceeds. The total amount utilized stands at Rs 3,290.78 million out of the revised net proceeds of Rs 3,327.24 million. The company maintains an unutilized balance of Rs 36.46 million, which is currently held in the designated HDFC Bank monitoring account.
Project Progress and Timeline
The primary focus of the capital expenditure remains the part-financing of the manufacturing facility at Umbergaon, Gujarat. As of the end of the quarter, Rs 2,763.54 million has been invested into this project. While there has been a slight delay in completion for building, civil works, and utility substation installation due to unseasonal rains during the previous two quarters, the company confirms that all remaining works are scheduled for completion by June 2026.
General Corporate Objectives
The company has fully utilized the allocation for General Corporate Purposes, amounting to Rs 527.24 million. These funds were directed toward strategic growth, marketing capabilities, and meeting ongoing business contingencies in line with the initial objectives stated in the offer document. The management continues to exercise flexibility in the deployment of resources to meet the firm’s evolving business requirements.
Source: BSE
