Bombay Dyeing Receives GST Demand Order of Rs. 2.53 Crore for FY 2019-20

Bombay Dyeing and Manufacturing Company Limited has received a GST order from tax authorities for Financial Year 2019-20, resulting in a total demand of Rs. 2,53,73,222. The company disclosed this development under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations 2015.

GST Order Details

The order was issued by the Assistant Commissioner of State Tax, (CST-INV-D-0303), Mumbai, under Section 74 for Financial Year 2019-20. The company received the order via system-generated email on Friday, March 27, 2026.

Component:	Amount (Rs.)
GST Payable:	80,24,960
Interest:	93,23,302
Penalty:	80,24,960
Total Demand:	2,53,73,222

Nature of Violation

The GST order relates to the treatment of infrastructure charges received by the company on sale of flats. The tax authority has quantified GST payable along with interest and penalty for this specific issue during FY 2019-20.

Company's Response

Bombay Dyeing has indicated that except for the financial impact mentioned in the order, this development has not impacted the operations or other activities of the company. The management plans to file the necessary appeal with the Appellate Authority within the permissible timeline as per GST regulations.

Regulatory Compliance

The disclosure was made in compliance with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, read with Regulation 30 of the LODR Regulations. Company Secretary Sanjive Arora signed the regulatory filing on March 28, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.86%	-7.72%	-15.93%	-43.50%	-28.40%	+33.52%

The Bombay Dyeing and Manufacturing Company Limited has officially announced the appointment of Mr. Niraj Kumar as Chief Financial Officer and Chief Risk Officer, following board approval at a meeting held on March 27, 2026. The appointment takes effect from March 31, 2026, as disclosed in the company's regulatory filing under SEBI Listing Regulations.

Board Meeting Details

The Board of Directors convened on March 27, 2026, from 11:30 a.m. to 2:30 p.m., where they considered and approved Kumar's appointment to the dual executive role. The company has designated him as a Key Managerial Personnel (KMP), consolidating critical financial and risk management functions under unified leadership. The appointment was made based on recommendations from both the Nomination and Remuneration Committee and Audit Committee.

Appointment Details:	Information
Appointee:	Mr. Niraj Kumar
Position:	Chief Financial Officer & Chief Risk Officer
Effective Date:	March 31, 2026
Status:	Key Managerial Personnel
Board Meeting Date:	March 27, 2026
Meeting Duration:	11:30 a.m. to 2:30 p.m.

Professional Background

Kumar brings over 20 years of experience across diverse industries including retail, aviation, telecom, and consulting. He is a Chartered Accountant and Law Graduate who has completed PGPMAX (Executive MBA) from the Indian School of Business. His expertise spans financial control and management, planning and reporting, debt management, governance, cost transformation, and cross-border business expansion.

Professional Profile:	Details
Experience:	Over 20 years
Qualifications:	Chartered Accountant, Law Graduate, Executive MBA
Previous Role:	Adani Airport Holdings Ltd
Past Associations:	Ernst & Young, Go Airlines (India) Ltd, Vodafone Group Services Ltd
Industry Expertise:	Retail, Aviation, Telecom, Consulting

Regulatory Compliance

The appointment disclosure was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The company filed the necessary documentation with both BSE Limited and National Stock Exchange of India Ltd, ensuring full regulatory transparency. Company Secretary Sanjive Arora signed the official communication on March 27, 2026.

Strategic Leadership Structure

The dual-role structure represents a strategic approach to integrating financial oversight with risk management responsibilities, enabling unified decision-making processes and enhanced coordination between financial planning and risk assessment activities. The consolidation of CFO and CRO functions under Kumar's leadership strengthens Bombay Dyeing & Manufacturing's senior leadership team, positioning the company with dedicated expertise in comprehensive financial stewardship alongside strategic risk management across organizational operations.