Finolex Cables gets GST demand order of Rs 12.21 lakh from Goa tax office

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

-0.6%Reaction day

₹790.05

prior close

₹795.05

announcement price

After-mkt

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+1.0%-1.6% vs market

Cables - Electricals peers, median of 11sector+2.8%-3.4% vs sector

On the reaction day the stock moved 1.6 pts less than Nifty Smallcap 250 and 3.4 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.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

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UpDownMarket · Nifty Smallcap 250Sector · Cables - Electricals peers, median of 11Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Finolex Cables received an Order in Original from the CGST Superintendent in Goa on Dec 18, 2025, confirming a GST demand of Rs 12,21,264 (tax Rs 6,10,632 plus equal penalty) on returnable packing material supplied to another unit. The company says the impact on operations is not major and it has the option to appeal.

Likely market impact

Minor tax demand of about Rs 12.21 lakh. Company may appeal. No major impact on operations stated.