BOMBAYDYEING...For THE BOMBAY DYEING & MFG.CO. LTD. SANJIVEARORA Company Secretary Enel:As above...

3
- m since ^ d BOMBAY DYEING February 11, 2020 BSE Limited Phiroze Jeejeebhoy Towers, Dalai Street, MUMBAI - 400 001 BSE Scrip Code : 500020 National Stock Exchange of India Ltd. Exchange Plaza, 5 th floor, Plot No. C/1 , GBlock, Bandra- Kurla Complex, Bandra (E), MUMBAI - 400 051 NSE Symbol : BOMDYEING Dear Sirs, Sub : Submission of newspaper clippings . Pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 , we are enclosing herewith copies of the newspaper clippings of the Extract of Unaudited Financial Results (Standalone and Consolidated ) for the quarter and nine months ended 31 st December, 2019, published in The Financial Express and Mumbai Lakshadweep on Tuesday , 11 th February, 2020. Yours faithfully, For THE BOMBAY DYEING & MFG. CO. LTD. SANJIVEARORA Company Secretary Enel : As above Home ^ Vou BOMBAY REALTY - A BETTER LIFE w THE WADIA GROUP THE BOMBAY DYEING & MANUFACTURING CO. LTD. C- l , Wadia International Center , Pandurang Budhkar Marg, Worli, Mumbai - 400 025, India . Regd. Office: Neville House, J . N. Heredia Marg, Ballard Estate, Mumbai - 400 001, India. Office: + 91 22 666 20000. Fax: +91 22 661 92001. Website: www.bombaydyeing.com. Email : corporate@bombaydyeing.com. CIN: L17120MH1879PLC000037

Transcript of BOMBAYDYEING...For THE BOMBAY DYEING & MFG.CO. LTD. SANJIVEARORA Company Secretary Enel:As above...

Page 1: BOMBAYDYEING...For THE BOMBAY DYEING & MFG.CO. LTD. SANJIVEARORA Company Secretary Enel:As above Home^Vou BOMBAY—-REALTY A BETTER LIFE ““ w THE WADIA GROUP THE BOMBAY DYEING

-m since^dBOMBAYDYEING

February 11, 2020

BSE LimitedPhiroze Jeejeebhoy Towers,Dalai Street, MUMBAI - 400 001BSE Scrip Code: 500020

National Stock Exchange of India Ltd.Exchange Plaza, 5th floor,Plot No.C/1, ‘G’ Block, Bandra-Kurla Complex,Bandra (E), MUMBAI - 400 051NSE Symbol: BOMDYEING

Dear Sirs,

Sub: Submission of newspaper clippings.

Pursuant to Regulation 47 of SEBI (Listing Obligations and DisclosureRequirements) Regulations, 2015, we are enclosing herewith copies of thenewspaper clippings of the Extract of Unaudited Financial Results (Standaloneand Consolidated) for the quarter and nine months ended 31st December, 2019,published in The Financial Express and Mumbai Lakshadweep on Tuesday, 11th

February, 2020.

Yours faithfully,For THE BOMBAY DYEING & MFG. CO. LTD.

SANJIVEARORACompany Secretary

Enel: As above

Home^VouBOMBAY REALTY—- A BETTER LIFE ““w

THE WADIA GROUP

THE BOMBAY DYEING & MANUFACTURING CO. LTD.C-l, Wadia International Center, Pandurang Budhkar Marg, Worli, Mumbai - 400 025, India. Regd. Office: Neville House, J.N. Heredia Marg, Ballard Estate, Mumbai - 400 001, India.

Office: +91 22 666 20000. Fax: +91 22 661 92001. Website: www.bombaydyeing.com. Email: [email protected]. CIN: L17120MH1879PLC000037

Page 2: BOMBAYDYEING...For THE BOMBAY DYEING & MFG.CO. LTD. SANJIVEARORA Company Secretary Enel:As above Home^Vou BOMBAY—-REALTY A BETTER LIFE ““ w THE WADIA GROUP THE BOMBAY DYEING

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THE BOMBAY DYEING AND MANUFACTURING COMPANY LIMITEDNeville House, J. N.Heredia Marg, Ballard Estate,Mumbai-400 001Tel No. 022-66620000. Fax 022-66192001. Website: www.bombaydyeing.com Email: [email protected]

CIN : L17120MH1879PLC000037Extract of Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine months ended December 31, 2019

(? Crore)Standalone Consolidated

Quarter Ended Nine Months Ended Year Ended Quarter Ended Nine Months Ended Year EndedSr.

Particulars December 31, September 30, December 31,December 31,December 31, March 31, December 31, September 30, December 31,December 31,December 31, March 31,2019No

2019 2018 2019 2018 2019 2019 2019 2018 2019 2019(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)2018

1 Total income from operations2 Net Profit/(Loss) for the period (before share of profit of associates and exceptional items)3 Net Profit/(Loss) for the period before tax (after Exceptional items)4 Net Profit/(Loss) for the period from continuing operations after tax5 Net Profit/(Loss) for the period from discontinued operations after tax6 Net Profit/(Loss) for the period after tax7 Other comprehensive income (net of tax)

(i) Items that will not be reclassified to profit or loss(ii) Items that will be reclassified to profit or loss

8 Total comprehensive income for the Period9 Paid-up Equity Share Capital(Face value per share: ? 2 )

10 Other Equity11 Earnings per share (of ? 2 each) (Not Annualised) (from continuing and discontinued operations)

(a) Basic (?)(b) Diluted (?)

389.61(138.16)(138.16)

162.93

563.2689.5189.5189.51

425.31(164.82)(159.38)(159.38)

1,627.36(36.84)(36.84)280.09

1,680.51(11.76)(25.20)(23.35)

4,470.861,231.901,235.771,229.98

389.61(138.16)(138.11)162.98(0.58)

162.40

563.2689.5189.5589.55(0.36)89.19

425.31(164.82)(159.34)(159.34)

(35.78)(195.12)

1,627.36(36.84)(36.71)280.22(0.98)

279.24

1,680.51(11.76)(25.08)(23.23)

58.9135.68

4,470.861.231.901.235.901,230.11

(1.90)1,228.21

(159.38)162.93 (23.35)89.51 280.09 1,229.98

(61.32) (251.56)106.89 20.63 (61.32) (251.93)171.88 111.19 106.52(0.05)

195.6641.31

20.63(2.66)

(177.15)41.31

171.88(2.66)

204.9041.31

111.19(1.17)

1,338.2341.31

167.69

0.04 0.03101.6141.31

(138.75)41.31

196.4041.31

28.5341.31

148.5341.31

1,341.1741.31

139.31

101.1241.31

27.3441.31

I7.89 4.33 (7.72)

(7.72)(1.13)(1.13)

13.5613.56

(9.45)(9.45)

59.5559.55

7.86 4.32 13.5213.52

1.72 59.4659.46

7.89 4.33 7.86 4.32 1.72Notes:1 The above is an extract of the detailed format of quarterly and nine months financial results filed with the stock exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the quarterly and nine monthsfinancial results are available on the stock exchange websites viz. www.bseindia.com and www.nseindia.com. The same is also available on the Company's website viz. www.bombaydyeing.com2 The above results which are published in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as modified by Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016 have been reviewed and recommended by the AuditCommittee and approved by the Board of Directors of the Company at their respective meetings held on February 10, 2020. The financial results of the Company have been prepared in accordance with the Indian Accounting Standards (Ind AS) as prescribed under Section133 of the Companies Act, 2013 read with relevant rules issued thereunder and the other accounting principles generally accepted in India.3 a Revenue from real estate contracts have been recognised "at a point in time" as per Ind AS 115 during the nine months, that is, upon receipt of second phase of Occupancy Certificate; revenue includes income arising on cancellation of contracts with customers onnon-fulfillment of payment terms by some customers.

Since the nature of real estate activities being carried out by the Company is such that profits/ losses from transactions of such activities, do not necessarily accrue evenly over the year, results of a quarter and nine months may not be representative of profits / losses forthe year.4 The Company has adopted Ind AS 116 on "Leases" with effect from April 1, 2019 by applying it to all contracts of leases existing on April 1,2019 by using modified retrospective approach and accordingly, comparative information for the year ended March 31,2019 has notbeen restated. The Company has recognised and measured the Right-of-Use (ROU) asset and the lease liability over the remaining lease period and payments discounted using the incremental borrowing rate as at the date of initial application. This has resulted in recognisingROU asset of ^ 7.47 crore and a corresponding lease liability of ? 7.47 crore as at April1, 2019. In the results for the current period, the nature of expenses in respect of operating leases has changed from lease rent in previous periods to depreciation for the ROU asset andfinance costs for interest accrued on lease liability. The effect of adoption of Ind AS 116 on the results and earnings per share for the quarter and nine months ended December 31, 2019 are not material.5 During the quarter ended December 31, 2019, in terms of Ind AS 12 on "Income Taxes" read with Ind AS 34 on "Interim Financial Reportings", the Company has recognised Deferred Tax Assets (Net) of ? 301.14 crore arising from unabsorbed depreciation and brought forwardbusiness losses,based on the steps taken by the Company to achieve its projected profitability. It is probable that the Company will have future taxable profits against which the unabsorbed depreciation and brought forward business losses can be utilised. The Taxation Laws(Amendment) Ordinance 2019,promulgated on September 20,2019,u/s. 115BAA of the Income Tax Act,1961,permits a company to compute the income tax at the revised rate (i.e 25.17%) from the current financial year; the Deferred Tax Assets (Net) have been recognisedbased on such rate.6 The Scheme of Arrangement ( 'the Scheme') between SCAL Services Limited ('SCAL') and The Bombay Dyeing and Manufacturing Company Limited ('the Company') and their respective shareholders for demerger of Real Estate Business Undertaking of SCAL vesting into theCompany was sanctioned by the Hon'ble NCLT, Bench at Mumbai vide it's Order dated February 21, 2019 w.e.f. July 1, 2018 and accordingly, the accounting treatment for the demerged undertaking was given for the financial year ended March 31, 2019. Pursuant to theScheme, the Company has restated the figures for the quarter and nine months ended December 31, 2018.7 Foreign Subsidiary, PT Five Star Textile Indonesia (PTFS) discontinued its operations during the financial year 2018-19 and accordingly, in consolidated results and consolidated segment assets and consolidated segment liabilities,continues to be classified as a discontinuedoperation in accordance with Ind AS 105 on 'Non-Current Assets Held for Sale and Discontinued Operations'.8 Figures for the previous periods have been regrouped and / or rearranged and / or reclassified wherever necessary to make them comparable with those of current periods.

3 b

FOR THE BOMBAY DYEING AND MANUFACTURING COMPANY LIMITEDJEHANGIR N. WADIA

(DIN-00088831)

Place : MumbaiDate : February 10, 2020

Page 3: BOMBAYDYEING...For THE BOMBAY DYEING & MFG.CO. LTD. SANJIVEARORA Company Secretary Enel:As above Home^Vou BOMBAY—-REALTY A BETTER LIFE ““ w THE WADIA GROUP THE BOMBAY DYEING

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