Bombay dyeing has secured regulatory approval for its latest real estate venture, receiving registration certificate from Maharashtra Real Estate Regulatory Authority (MahaRERA) for the residential project 'Three ICC – A Wing' on March 2, 2026.

Project Registration Details

The company has obtained the necessary regulatory clearance for its residential/group housing project under MahaRERA guidelines. The registration represents a significant milestone in the company's real estate development portfolio.

Regulatory Compliance

The registration certificate was obtained in compliance with the Real Estate (Regulation and Development) Act, 2016, which mandates all real estate projects to be registered with the respective state regulatory authorities before marketing or selling units to customers. This approval enables the company to proceed with the marketing and sale of units in the Three ICC – A Wing project.

Corporate Disclosure

The company has fulfilled its disclosure obligations by informing both BSE and NSE about this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. Company Secretary Sanjive Arora signed the official communication to the stock exchanges, ensuring transparency with stakeholders and regulatory compliance.

Detailed project information and specifications are available on the official MahaRERA website for prospective buyers and investors seeking comprehensive project details.

Bombay Dyeing and Manufacturing Company Limited has announced a significant development in its ongoing GST dispute, with the appeals authority partially allowing the company's challenge against a tax demand order for FY 2019-20. The Joint Commissioner (Appeals) passed the order on February 24, 2026, resulting in a substantial reduction of the company's GST liability.

GST Demand Reduction Details

The company had originally received a GST demand order in Form GST DRC-07 for FY 2019-20, which resulted in a total demand of Rs. 188.84 crore including interest and penalty. Following the appeal adjudication, the revised liability has been significantly reduced.

Appeal Timeline and Process

Bombay Dyeing had filed the appeal against the original demand order within the prescribed timeline before the Joint Commissioner (Appeals). The company's previous disclosure regarding the receipt of the GST DRC-07 order was made on August 30, 2024. The appeal process has now been completed with the order being passed on February 24, 2026.

Company's Next Steps

Following the partial allowance of the appeal, Bombay Dyeing has indicated that it will evaluate further legal recourse options in the matter. The company has not specified the exact nature of the additional legal steps it may pursue, but this suggests the possibility of challenging the remaining liability through higher appellate forums.

Regulatory Compliance

The disclosure has been made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, ensuring transparency with stakeholders regarding material developments affecting the company's financial position. The communication was signed by Company Secretary Sanjive Arora and addressed to both BSE Limited and National Stock Exchange of India Ltd.