Bansal Wire Industries Limited has informed the exchange regarding order received from GST Appellate Authority for the financial year 2022-23 under Regulation 30 of SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015 in furtherance to our letter dated December 16, 2025
BANSALWIRE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bansal Wire Industries has received a favorable order from the GST Appellate Authority (Additional Commissioner Grade-II Appeal) for FY 2022-23. The original tax demand of Rs. 82,75,848 (~Rs. 82.76 lakhs) raised by the Joint Commissioner, SGST under Section 74 of the CGST/SGST Act has been fully set aside. As a result, there is no tax demand, no penalty, and no interest payable by the company. The original dispute related to alleged issues such as E-way bill irregularities, excess/blocked Input Tax Credit (ITC) claims, and non-payment of tax on sale of RODTEP licenses. The company had earlier indicated it would appeal, and the appellate authority has now ruled entirely in its favor.
Positive outcome for shareholders — the company successfully overturned a tax demand of nearly Rs. 83 lakhs with no financial outflow. This removes a potential contingent liability, supports management's compliance posture, and is unlikely to have any meaningful effect on the stock price given the relatively small size of the disputed amount.