BOMDYEING

Nov 27 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:

• BOMBAY DYEING AND MFG CO LTD - PATALGANGA PLANT TO SHUT DOWN FOR MAINTENANCE FROM NOV 28 TO DEC 18

• BOMBAY DYEING AND MFG CO LTD - PRODUCTION SHORTFALL OF ABOUT 7500 METRIC TONS EXPECTED

Source text: ID:nNSE4yrSFC

Further company coverage: BDYN.NS

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Nov 6 (Reuters) - Bombay Dyeing and Mfg Co BDYN.NS:

• SEPT-QUARTER CONSOL NET PROFIT 19.2 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE 3.63 BILLION RUPEES

Source text: ID:nBSErpcpW

Further company coverage: BDYN.NS

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Aug 19 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:

• RECEIVES ORDER FROM MAHARASHTRA STATE TAX TRIBUNAL

• TRIBUNAL ANNULS 39.1 MILLION RUPEES DEMAND FOR FY 2017-18

Source text: ID:nBSE3qWqKr

Further company coverage: BDYN.NS

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** Shares of Bombay Dyeing and Manufacturing Co BDYN.NS falls 4.8% to 126.3 rupees; set for worst day in about a month

** Polyester maker's Q4 profit tumbles 82.6% Y/Y, dragged down by lower polyester segment revenue; rev down 5.7%

** BDYN trades below key 50-, 100-, 200- day moving avgs, indicating a bearish momentum

** Stock down 33% YTD

(Reporting by Aleef Jahan in Bengaluru)

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May 5 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:

• BOMBAY DYEING AND MFG CO MARCH-QUARTER CONSOL NET PROFIT 115.4 MILLION RUPEES

• BOMBAY DYEING AND MFG CO MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 3.59 BILLION RUPEES

• BOMBAY DYEING AND MFG CO LTD - DIVIDEND 1.20 RUPEES PER SHARE

Source text: ID:nBSE90XQ2Q

Further company coverage: BDYN.NS

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Feb 11 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:

• BOMBAY DYEING AND MFG CO LTD - GST DEPARTMENT INITIATES ACTION AT BOMBAY DYEING REGISTERED OFFICE

• BOMBAY DYEING AND MFG CO LTD - NO IMPACT ON FINANCIAL OR OPERATIONAL ACTIVITIES AT THIS STAGE

Source text: ID:nNSE4pqJQH

Further company coverage: BDYN.NS

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Feb 3 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:

• DEC-QUARTER CONSOL NET PROFIT 700.6 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 4.15 BILLION RUPEES

Source text: [ID:]

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Nov 12 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:

• BOMBAY DYEING AND MFG CO SEPT-QUARTER CONSOL NET PROFIT 3.93 BILLION RUPEES

• BOMBAY DYEING AND MFG CO SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 3.81 BILLION RUPEES

Source text: [ID:]

Further company coverage: BDYN.NS

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May 1 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:

• GETS TAX DEMAND OF 1.32 BILLION RUPEES

Source text for Eikon: ID:nBSEbnZwfc

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April 11 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:

• GETS TAX ORDER FOR DEMAND AT 9.6 MILLION RUPEES

Source text for Eikon: ID:nBSE1k7fTV

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Feb 8 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:

• DEC-QUARTER CONSOL NET PROFIT 30.54 BILLION RUPEES VERSUS LOSS 1.01 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 3.69 BILLION RUPEES VERSUS 6.52 BILLION RUPEES

Source text for Eikon: ID:nBSELx6pQ

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Nov 2 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:

• INDIA'S BOMBAY DYEING AND MFG CO SEPT-QUARTER CONSOL NET LOSS 519.9 MILLION RUPEES VERSUS LOSS 930.2 MILLION RUPEES

• BOMBAY DYEING AND MFG CO SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 4.41 BILLION RUPEES VERSUS 7.45 BILLION RUPEES

Source text for Eikon: [ID:]

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Oct 27 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:

• GDR PROGRAM OF CO IS TERMINATED AND GDRS HAVE BEEN DELISTED FROM LUXEMBOURG STOCK EXCHANGE

Source text for Eikon: ID:nNSEbj79wt

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Oct 17 (Reuters) - Sumitomo Realty & Development Co Ltd 8830.T:

• SUMITOMO REALTY & DEVELOPMENT CO - ACQUIRED ABOUT 80,000-SQ-METRE LAND FOR DEVELOPMENT IN MUMBAI, INDIA FROM BOMBAY DYEING FOR 79.5 BILLION YEN

Source text: https://www.sumitomo-rd.co.jp/uploads/20231017_release_Land-acquisition-in-Mumbai-sumitomo.pdf

Further company coverage: 8830.T

(Reporting by Kantaro Komiya)

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** Bombay Dyeing BDYN.NS surges 20% to 5-year high of 168.60 rupees

** Realty-to-textile company sells land parcel for $627 mln

** Nifty realty index .NIFTYREAL jumps 1.3%, with 9 out of 10 stocks higher (Bombay Dyeing not on the index)

** Indiabulls INRL.NS, Oberoi Realty OEBO.NS and Prestige PREG.NS top gainers on the index, in that order

** Likelihood of Fed rate pause also a boost, analyst says

** Bombay Dyeing last up ~16%, set for best one-day gain since June 2020, with stock set for busiest trading day since April 2022

** BDYN has now doubled in value so far this year, well above realty index's 36% jump; Nifty 50 .NSEI up ~11%

(Reporting by Savio Dsouza)

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Sept 13 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:

• ON COMPLETION OF PROPOSED SALE, CO WILL BE ABLE TO RECORD PRE-TAX PROFIT IN EXCESS OF 43 BILLION RUPEES

Source text for Eikon: ID:nBSE2NfxHQ

Further company coverage: BDYN.NS

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** Shares of textiles maker and real estate developer Bombay Dyeing and Manufacturing Company BDYN.NS rise as much as 7.80% to 146.45 rupees, marking sharpest intraday pct gain in two weeks

** BDYN stock hits highest level since April 4, 2019

** BDYN on Monday said it settled a dispute with Axis Bank and executed a conveyance deed in favour of the bank

** Deed will enable independent, exclusive access to Axis Bank's headquarters, for an approximate sum of 1.49 billion rupees ($17.99 million)

** More than 3.2 mln shares change hands by 10:00 a.m. IST, 0.8x the 30-day avg

** Stock up 71.42% so far this year, as of last close

($1 = 82.8325 Indian rupees)

(Reporting by Anisha Ajith in Bengaluru)

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Sept 4 (Reuters) - Axis Bank Ltd AXBK.NS:

• CO AND AXIS BANK LIMITED HAVE BEEN ENGAGED IN CERTAIN DISPUTES/ARBITRATION

• PARTIES HAVE SETTLED THEIR DISPUTE AND CO HAS ALSO EXECUTED A CONVEYANCE DEED IN FAVOUR OF AXIS BANK

• CONVEYANCE DEED TO ENABLE INDEPENDENT AND EXCLUSIVE ACCESS TO AXIS BANK’S HEADQUARTERS, FOR SUM UPTO 1.49 BILLION RUPEES

Source text for Eikon: ID:nNSE5KKJcq

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Aug 9 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:

• INDIA'S BOMBAY DYEING AND MFG CO JUNE-QUARTER CONSOL NET LOSS 1.2 BILLION RUPEES VERSUS LOSS 768.2 MILLION RUPEES

• BOMBAY DYEING & MFG CO JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 4.98 BILLION RUPEES VERSUS 6.06 BILLION RUPEES

• TERMINATION OF DEPOSIT AGREEMENT WITH CITIBANK N.A.

• TERMINATION OF DEPOSIT AGREEMENT FOR CO’S GLOBAL DEPOSITORY RECEIPTS, DELISTING OF GDRS FROM LUXEMBOURG STOCK EXCHANGE

Source text for Eikon: ID:nBSE6RykQT

Further company coverage: BDYN.NS

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** Shares of Bombay Dyeing and Manufacturing Co Ltd BDYN.NS down 2.3%, falling for 4th session in a row

** Real-estate developer and textile maker posted a Q4 loss of 2.46 bln rupees ($30.12 mln) vs 417.4 mln rupees a yr ago

** Wadia Group-owned company's revenue grew 12.1% but expenses grew 41%

** The 4-day slide comes after the stock rallied 74% since hitting a two-year low in March 28

** That rally has helped the stock to still remain ~6% higher for the year

(Reporting by Biplob Kumar Das in Bengaluru)

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May 04 (Reuters) - India's Bombay Dyeing and Manufacturing Company Ltd BDYN.NS reported a bigger March-quarter net loss on Thursday, as increasing costs continued to hurt the retail and textiles company.

The Mumbai-based company's consolidated net loss widened to 2.46 billion rupees ($30.08 million) for the three months ended March 31, from a loss of 417.4 million rupees a year earlier.

This is the 12th quarter in a row that the Wadia Group-owned company has posted a loss, as spiralling costs have cut into margins.

Total expenses in the reported quarter surged 41% to 9.1 billion rupees, with changes in inventories of finished goods, stock-in-trade and work-in-progress jumping more than 300%, the company said.

Profit at its mainstay polyester segment decreased 45.4%, while the real estate segment swung to a loss of 967.2 million rupees.

Revenue from operations for the company increased 12.1% to 6.7 billion rupees.

Shares of the company dropped 5.8% since fellow Wadia Group-owned Go First airlines filed for bankruptcy on Tuesday.

It closed 2.3% down after posting results on Thursday.

($1 = 81.7690 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru; Editing by Janane Venkatraman)

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Releads to include customer reaction, adds details

By Tanvi Mehta, Dhanya Skariachan and Chris Thomas

BENGALURU, May 3 (Reuters) - The owner of Go Airlines (India) has no plans to exit the budget carrier after engine troubles forced it into bankruptcy, the airline's CEO told Reuters on Wednesday, as frustrated flyers complained of abrupt flight cancellations.

India's third-largest airline, which recently rebranded as Go First, filed for bankruptcy on Tuesday, blaming Pratt & Whitney's "faulty" engines, which it uses on its Airbus 320 AIR.PA neo aircraft.

The collapse of the first Indian airline since Jet Airways in 2019 comes amid fierce competition in the sector led by its largest rival IndiGo and Tata Group-owned Air India, as passenger traffic roars back after the pandemic.

"The Wadia group, in particular Nusli Wadia, has always tried to see that the company and the airline operations go on, on a normal basis, in spite of the fact that we are completely disabled to that extent by Pratt & Whitney," CEO Kaushik Khona said.

"There is no question of Wadia group having any intention to exit or move out."

Wadia group, which owns 100% of Go First, pumped 2.90 billion rupees ($35.46 million) into the airline in April alone, bringing the group's total investment in Go First to 65 billion rupees.

"The Indian government is very keen we should not fail," Khona said.

The abrupt flight cancellations after the bankruptcy filing also upset travellers and Khona said the airline was not selling tickets until at least May 15.

"I had to shell out more than double of what I originally paid for a ticket on another flight," said Mumbai-based advertising executive Timir Roychoudhury, whose Goa-Mumbai flight was cancelled.

ENGINE WOES

In its bankruptcy filing, Go First claimed its failure followed a refusal by the U.S. company to abide by an arbitration order to release spare leased engines, that would have allowed it to return to full operations.

Go First argued in the case that Pratt & Whitney engines had a "serious design flaw" that caused shutdowns and premature failure, which led to the grounding of 28 of its aircraft as of this week.

Pratt said in the arbitration case that Go First's arguments relied on "fabricated obligations".

The engine maker, owned by Raytheon RTX.N, also asked why Go First bought another 156 engines in 2019, three years after it began operating them, if they were defective from the start.

Pratt said Go First could not show it was the "sole or exclusive cause – or any cause at all – of its poor financial condition".

The Pratt engine has faced problems with durability in hot and dusty climates including India, requiring more frequent maintenance. Gaps in availability have been compounded by a shortage of repair capacity.

In 2019, IndiGo dropped Pratt as a supplier and placed a $20 billion order for CFM International's LEAP engines for its fleet expansion following some plane groundings.

REVIVE, NOT SELL

The insolvency proceedings were aimed at reviving the airline and not selling it, CEO Khona said, confirming it had made all required payments to Pratt.

Go First's market share in India dropped to 7% in October 2022 while its weekly departures fell 39% by March, from their 2021 levels.

On Wednesday, the airline's CEO said it was looking to dissuade lessors from taking action and confirmed some parties had expressed an interest in taking a stake in the airline.

Pilots have been receiving their salaries with a delay for the past few months, and are already considering moving to bigger rivals, according to three pilots who did not wish to be named.

Go First's lenders will most likely meet on Wednesday to discuss what to do next after the bankruptcy filing, two bankers aware of the development told Reuters.

The airline owed financial creditors 65.21 billion rupees ($797 million), its bankruptcy filing showed. As of April 30, Go First had not defaulted on any of those loans, it said in the filing seen by Reuters.

Shares of Go First lenders Central Bank of India CBI.NS, Bank of Baroda BOB.NS and IDBI Bank IDBI.NS fell on Wednesday, while stocks of the airline's rivals surged.

($1 = 81.7840 Indian rupees)

(Reporting by Tanvi Mehta in New Delhi, Chris Thomas and Dhanya Skariachan in Bengaluru; Additional reporting by Siddhi Nayak and Sudipto Ganguly in Mumbai, Arpan Chaturvedi in New Delhi, Tim Hepher in Paris and Kevin Krolicki in Singapore ; Editing by Dhanya Ann Thoppil, Savio D'Souza, Gerry Doyle and Sharon Singleton)

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