DOMS Industries has received approval from Board of Directors for investment of Rs 51,00,000 to acquire 51% stake in SKIDO Industries (SKIDO) by subscribing to 5,10,000 Equity Shares of Rs 10 each. Further, the Board has also approved the execution of the Share Subscription Agreement and Shareholders Agreement to give effect to the above, subject to approvals and compliances as may be required under the applicable law.
SKIDO was incorporated on November 22, 2023, primarily with an objective to engage in the business of designing, manufacturing, marketing and sale of all types of bags, pouches and related products. The Promoters of SKIDO have over two decades of experience in this business. This acquisition, when completed, shall allow DOMS to expand its presence in the back-to-school category by entering in product lines which are associated through the growing year of kids, children and young adults.
DOMS endeavours to continue expanding its presence in the product lines which are associated through the growing year of kids, children and young adults. In lieu of this, the proposed acquisition shall allow DOMS to enter into a complementary line of business and introduce new category of products of school bags and other related products to capitalise its existing distribution network and Brand strength. Upon consummation of the proposed investment, SKIDO will become a subsidiary of the Company.
DOMS Industries designs, develops, manufactures, and sells a wide range of stationery and art products, primarily under its flagship brand ‘DOMS’.
| Company Name | CMP |
|---|---|
| DOMS Industries | 2553.65 |
| Flair Writing Indu. | 296.05 |
| Kokuyo Camlin | 128.25 |
| Linc | 167.85 |
| Gala Global Products | 3.28 |
| View more.. | |
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