DOMS Industries Limited has executed an Asset Purchase Agreement (APA) dated June 10, 2026, for the acquisition of certain assets, relevant contracts, employees, intellectual property, and associated identified liabilities relating to the manufacture and sale of pens, markers, highlighters, and school supplies under the Reynolds brand.

Parties to the Agreement

The Company entered into the APA with six sellers, all subsidiaries of Newell Brands Inc:

  • Reynolds Pens India Private Limited (RPI) - Indian private limited company
  • Sanford, L.P. (SLP) - Limited partnership incorporated in Illinois, United States
  • Luxembourg Brands S.à r.l. (LBS) - Private limited liability company incorporated in Luxembourg
  • Newell Europe S.à r.l. (NES) - Private limited liability company incorporated in Luxembourg
  • NWL Valence Services S.A.S. (NWL) - Company incorporated in France
  • NWL Switzerland S.à r.l. (NSL) - Limited liability company incorporated in Switzerland

All counterparties are independent of DOMS Industries' promoter group, and the Company holds no shareholding in any of the sellers.

Transaction Details

The aggregate consideration for the transaction is US$ 3,700,000 (United States Dollars Three Million Seven Hundred Thousand), excluding inventory value. The consideration is allocated as follows:

  • Patents/designs (from SLP): US$ 50,000
  • Trademarks (from LBS): US$ 125,000
  • Copyrights (from LBS): US$ 4.00
  • Equipment (from RPI): US$ 3,524,996
  • Contracts (from RPI): Nil
  • Domain Names (from LBS): Nil
  • Social Media Accounts (from RPI): Nil

Assets Being Acquired

The transaction involves purchase of:

  • Plant, machinery and molds, contracts, and social media accounts from RPI
  • Copyrights, trademarks, and domain names from LBS
  • Patents/designs from SLP

Completion Timeline

Completion is scheduled for July 1, 2026, or such other date as the parties may agree.

Additional Terms and Agreements

The transaction includes several ancillary agreements to be executed at Completion:

  • Inventory consideration payable on Completion based on RPI's estimate, subject to post-Completion true-up against actual closing inventory value
  • Royalty-free license to RPI for use of 'Reynolds' brand for corporate name and ancillary purposes
  • Royalty-free license to Company from SLP for use of 'Paper Mate' brand to fulfill obligations under certain license agreements
  • IP assignment agreement
  • Supply agreement where RPI will supply pen tips to the Company

The APA does not confer any special rights such as right to appoint directors or first right to share subscription.

Impact and Liabilities

The transaction will not impact the management or control of the Company. The Company will assume identified liabilities set out in the APA relating to the assets, intellectual property, employees, and contracts being acquired. Parties have provided each other customary warranties under the APA.

Purpose and Strategic Rationale

The acquisition is expected to strengthen the Company's product portfolio and market presence in the writing instruments and school supplies segment.

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