Bombay Dyeing faces significant tax demand from Maharashtra authorities

Bombay Dyeing and Manufacturing Company Limited has disclosed receiving an order from the assistant commissioner of Maharashtra State Goods and Service Tax, demanding a total of INR 6,14,38,106. This demand arises from an intimation of payable amounts via a GST DRC-07 order under Section 74 of the CGST/MGST Act 2017 for the financial year 2018-19.

The order, received on December 26, 2025, quantifies the tax, interest, and penalty amounts as INR 1,91,82,656, INR 2,30,72,794, and INR 1,91,82,656, respectively. The company stated that while this financial impact is significant, it does not affect its operations or other activities beyond the monetary demand.

Bombay Dyeing intends to take necessary actions, including exercising available legal remedies under the GST Act, to address the demand. The disclosure was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.