Finolex Cables Limited has informed the Exchange about Action(s) initiated or orders passed

Regulatory & Legal View source PDF Explain this filing

FINCABLES · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+4.9%Reaction day

₹751.00

prior close

₹751.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.1%+5.0% vs market

Cables - Electricals peers, median of 11sector+1.1%+3.8% vs sector

On the reaction day the stock moved 5.0 pts more than Nifty Smallcap 250 and 3.8 pts more 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

Stock

+0.0

10m

+0.3

15m

+0.3

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.9-0.1+5.0+1.1+3.8

Next day

+4.4+0.7+3.7+2.0+2.4

+4.1+1.0+3.2+2.1+2.0

+4.1+0.6+3.5+2.6+1.5

+4.2+0.8+3.4+2.1+2.1

+3.8-1.2+4.9-1.1+4.9

+0.8-3.5+4.3-6.1+7.0

15d

-3.7-8.2+4.5-14.2+10.5

-4.7-7.1+2.4-12.6+8.0

+25.6-6.6+32.2-14.6+40.1

+6.5-11.6+18.1-19.2+25.8

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 has received an order dated 24 December 2025 from the Superintendent of CGST, Ahmedabad, confirming a tax demand originally raised through a Show Cause Notice. The dispute relates to Input Tax Credit (ITC) that the company availed during FY 2018-19, 2019-20, and FY 2022-23, which the tax authority alleges was not reflected in the company's GSTR-2A returns. The total demand is Rs. 15,19,638, comprising Rs. 13,94,470 in tax and Rs. 1,25,168 in interest. The company received the order online on 30 December 2025 and has the option to appeal before the Appellate Authority. The company has stated that this demand will not have a material impact on its operations.

Likely market impact

The tax demand is small relative to the size of the company and is not expected to materially affect operations or financials. However, if the appeal is unsuccessful, the company will need to pay the demand along with any additional interest or penalties, which is a minor negative overhang.