Announced Tue, 16 Jun · 10:30 IST
GST Rectification Order Reduces Tax Demand; Company to Appeal
Regulatory & Legal View source PDF
CORDSCABLE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.7%1-day move
₹222.48
prior close
₹219.90
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0-1.8-3.6-2.0-0.7+1.0-2.0-2.7-4.3-5.2-8.8-10.6——
Up moveDown movePending
AI summary
Cords Cable received a GST Rectification Order on June 15, 2026 from CGST Bhiwadi, reducing the original demand of ₹35.59 lakh to ₹18.31 lakh for disallowed input tax credit (FY 2018-19 to 2022-23). The order includes a penalty equal to the revised tax plus applicable interest. The company plans to appeal to the Commissioner Appeal. Management states no material financial impact.
Likely market impact
Reduced demand is mildly positive, but ₹18.31L penalty plus interest remains and appeal is pending. Minor negative for sentiment.