Bansal Wire Industries Limited has informed the Exchange regarding disclosure under Regulation 30 of SEBI(LODR) Regulations, 2015

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BANSALWIRE · price

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Price reactionminutes from the announcement price · days from the prior close

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₹338.00

prior close

₹335.35

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.4%+0.5% vs market

Iron & Steel Products peers, median of 92sector+0.0%+0.1% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250 and 0.1 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 92Pending

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AI summary

Bansal Wire Industries has received a Show Cause Notice (SCN) from the Joint Commissioner of SGST, Ghaziabad, dated September 29, 2025, under Section 74 of the CGST/SGST Act, 2017. The notice relates to FY 2019-20 and covers issues around E-way bill usage, excess/blocked Input Tax Credit (ITC) claims, and non-payment of tax on sale of RODTEP licenses. The total alleged demand is around ₹45 crore, comprising ₹14.64 crore in tax, ₹15.81 crore in interest, and ₹14.64 crore in penalty. The company has called the notice 'untenable and without merits' and plans to file a response within the prescribed timeline. Management has stated there is no material impact on financials, operations, or other activities of the company.

Likely market impact

While the potential tax demand of ~₹45 crore is sizeable, the company is contesting the notice and management has downplayed material impact. Investors should monitor the outcome of the company's response, as an adverse ruling could affect future earnings, though no immediate financial hit is expected.