Finolex Cables faces Rs 22 crore tax demand from Chandigarh authority

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.1%-0.6% vs market

Cables - Electricals peers, median of 11sector-0.3%-0.2% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Smallcap 250 and 0.2 pts less than its Cables - Electricals 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 Smallcap 250Sector · Cables - Electricals peers, median of 11Pending

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AI summary

Finolex Cables received a tax order from the Commercial Tax Officer in Chandigarh dated December 20, 2025. The order confirms a GST demand of about Rs 22 crore (Rs 11.82 crore tax, Rs 8.99 crore interest, Rs 1.19 crore penalty) for FY 2021-22 over an alleged mismatch in input tax credit claimed by the company. The company can appeal the order before the Appellate Authority. Management says the demand will not have a major impact on operations.

Likely market impact

Tax demand of about Rs 22 crore confirmed but company plans to appeal. Company says it will not materially affect operations.