Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015

Bombay Dyeing received an Assessment Order from the Income Tax Department's Assessment Unit for Assessment Year 2023-24. The tax authority has enhanced the company's taxable income by INR 574.35 crore, which has been set off against available tax losses. A relatively small income-tax demand of Rs. 2,26,760 has been raised. Additionally, penalty proceedings have been separately initiated by the income-tax department. The enhancements relate to transfer pricing adjustments, disallowance of real estate income deductions claimed in earlier years, and certain other expenses. The company states operations remain unaffected and it will exercise legal remedies available under the Income Tax Act.