DOMS Industries Limited — Others, 12-08-2025: Monitoring Agency Report

DOMS Industries has released its monitoring agency report for the quarter ended June 30. CRISIL Ratings confirmed no deviation in the utilization of IPO proceeds from the stated objectives. The company's net IPO proceeds slightly increased to Rs 332.72 Cr (from Rs 331.58 Cr) due to lower issue expenses, a positive for shareholders. Of this, Rs 198.20 Cr has been utilized, with Rs 146.62 Cr for project financing and Rs 51.58 Cr for general corporate purposes, including working capital. The unutilized balance of Rs 134.52 Cr is prudently invested in fixed deposits, generating returns. This update confirms transparent and effective management of IPO funds, aligning with shareholder interests.