Finolex Cables Limited has informed the Exchange about Action(s) initiated or orders passed
FINCABLES · price
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Awaiting price reaction for this filing.
Finolex Cables has received an order dated 2 January 2026 from the Superintendent of CGST and Central Excise, Division-III, Indore. The order confirms a demand raised via a Show Cause Notice related to mismatches between E-way bills and GST Returns for FY 2018-19. The total demand is Rs. 1,10,720, split equally between tax (Rs. 55,360) and penalty (Rs. 55,360). The company has stated the demand is not material and will not have a major impact on its operations. It retains the right to file an appeal before the Appellate Authority.
The financial impact is negligible given the small demand amount relative to the company's size, so this is unlikely to move the stock. However, it signals ongoing tax compliance scrutiny, and any appeal outcome would be worth watching.