Supreme Court issues notice in SEBI civil appeal against Bombay Dyeing

1 min read     Updated on 16 Jul 2026, 09:31 AM
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The Supreme Court issued a notice on July 15, 2026, regarding SEBI's civil appeal against Bombay Dyeing, following a hearing on July 13, 2026. The court directed the company to file replies but did not grant a stay on the Securities Appellate Tribunal's order. The matter will be listed in due course.

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The Supreme Court has issued a notice regarding the civil appeal filed by the Securities and Exchange Board of India (SEBI) against Bombay Dyeing and others. The notice was issued on July 15, 2026, following a hearing on July 13, 2026, concerning an appeal against an order passed by the Securities Appellate Tribunal (SAT). The development is significant as it determines the regulatory standing of the company following the SAT's decision to set aside the earlier SEBI order.

The Hon'ble Supreme Court has directed the company and other involved parties to file their replies in response to the appeal. The court's order, uploaded on its website, confirms that the proceedings are active. Crucially, the court has not granted any stay against the operation of the order passed by the Securities Appellate Tribunal, allowing the previous tribunal ruling to remain in effect for now.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company referenced its earlier disclosure dated May 7, 2026, which pertained to SEBI filing the civil appeal before the Supreme Court. The appeal challenges the SAT's decision to set aside the SEBI order that had been passed inter-alia against the company.

The matter is scheduled to be listed in due course as the legal process continues. The company stated that it will continue to keep the stock exchanges informed of any further material developments. The updates will be provided in accordance with the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Event Date Details
SEBI Civil Appeal Listed July 13, 2026 Hearing conducted by the Supreme Court
Supreme Court Notice Issued July 15, 2026 Order uploaded on court website
Stay on SAT Order Not Granted Tribunal order remains operational
Next Step Awaiting Matter to be listed in due course

Historical Stock Returns for Bombay Dyeing

1 Day5 Days1 Month6 Months1 Year5 Years
-1.36%-2.28%-6.81%+3.98%-30.18%+22.50%

What is the expected timeline for the Supreme Court to hear the replies and list the matter for the next hearing?

How will the continued operation of the SAT order impact Bombay Dyeing's regulatory compliance and business operations in the interim?

What are the potential financial or reputational implications for Bombay Dyeing if the Supreme Court ultimately overturns the SAT's decision?

Bombay Dyeing schedules 146th AGM, files BRSR for FY26

2 min read     Updated on 09 Jul 2026, 10:36 PM
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The Bombay Dyeing and Manufacturing Company Limited has scheduled its 146th AGM for August 7, 2026, via video conferencing and issued web-links for the Annual Report for FY26 to members without registered emails. Concurrently, the company filed its BRSR for FY26, reporting on ESG initiatives such as electric vehicle integration and solar power usage. The report details a paid-up capital of ₹45.20 crore, identifies material risks like plastic waste management, and notes zero CSR expenditure due to negative average net profit over three years. Operational data shows the PSF division contributing 94.40% to turnover, with an external evaluation conducted by Dhir & Dhir Associates.

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The Bombay Dyeing and Manufacturing Company Limited has scheduled its 146th Annual General Meeting (AGM) for August 7, 2026, to be held via video conferencing. The company is providing the web-link for the Annual Report for the financial year 2025-26 to members whose email addresses are not registered with the company or its Registrar & Transfer Agent. This communication follows the filing of its Business Responsibility and Sustainability Report (BRSR) for FY26, which details the company's environmental, social, and governance (ESG) performance across its Polyester, Realty, and Retail divisions.

Sustainability Initiatives

During the financial year, the company accelerated its transition toward low-carbon transportation by integrating battery-operated electric vehicles into its logistics and employee transportation fleets. To optimize industrial energy efficiency, the company utilized Vapour Absorption Machine (VAM) technology, which captures and repurposes waste heat or steam for cooling purposes. Additionally, the company continued its commitment to open-access solar arrangements to source clean, renewable solar power directly, reducing dependence on conventional fossil fuels.

Ecological balance and internal advocacy formed the core of the company's environmental conservation strategy. The company organized extensive tree plantation drives in collaboration with local communities and environmental agencies. Internally, it fostered a culture of shared responsibility through a comprehensive Employee Awareness Campaign, which included sustainability-themed competitions, quizzes, and innovation workshops.

Operational and Financial Disclosures

The company reported a paid-up capital of ₹45.20 crore, comprising 20,65,34,900 Equity Shares of ₹2/- each aggregating to ₹41.31 crore and unlisted 3,88,800, 8% Redeemable Non-Convertible Non-Cumulative Preference Shares of ₹100/- each aggregating to ₹3.89 crore. The disclosures under the report are made on a standalone basis for the company.

The company identified several material responsible business conduct issues, including plastic waste management, resource efficiency, and rising prices of raw materials. It noted that there was no negative financial impact in the reporting period of FY 2025-26 for these identified risks. The company's average net profit for the last three financial years was negative; therefore, it was not required to spend any amount on Corporate Social Responsibility (CSR) activities for the financial year 2025–26, though it undertook voluntary initiatives.

Employee and Stakeholder Engagement

As of the end of the financial year, the company had a total of 449 employees and 933 workers. The Board of Directors comprised 11 members, with female representation at 18.18%. The company reported that no complaints were received from communities, investors, employees, or workers during the year. Shareholders filed 25 complaints, all of which were promptly resolved. Customers filed 80 complaints, with two pending resolution at the close of the year.

The company's Polyester Staple Fibre (PSF) division contributed 94.40% to the total turnover, while the Real Estate and Retail divisions contributed 2.20% and 3.40%, respectively. The PSF division had an export contribution of 15.07% to its turnover.

Business Activity Description % of Turnover
Manufacturing Polyester Staple Fibre (PSF) 94.40
Construction Buildings - Real Estate Business 2.20
Trade Retail - Textiles 3.40

The report confirms that the company has not reported any material non-compliances with applicable statutory requirements and that an external evaluation of its policies was conducted by Dhir & Dhir Associates.

Historical Stock Returns for Bombay Dyeing

1 Day5 Days1 Month6 Months1 Year5 Years
-1.36%-2.28%-6.81%+3.98%-30.18%+22.50%

Given that Bombay Dyeing's average net profit has been negative over the last three financial years, what strategic restructuring or turnaround plans might the company pursue to return to profitability?

With the PSF division contributing 94.40% of total turnover, how vulnerable is Bombay Dyeing to potential disruptions in global polyester markets, and what diversification strategies could reduce this concentration risk?

As the company expands its electric vehicle fleet and solar energy adoption, what measurable carbon reduction targets might it set in future BRSR reports, and how could these commitments affect its ESG ratings?

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1 Year Returns:-30.18%