GST Rectification Order Reduces Tax Demand; Company to Appeal
CORDSCABLE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.2 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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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.
Reduced demand is mildly positive, but ₹18.31L penalty plus interest remains and appeal is pending. Minor negative for sentiment.