Pune, January 3, 2026 – Finolex Cables Limited (BSE: 500144 | NSE: FINCABLES) has informed stock exchanges that it has received an original order dated January 2, 2026 from the Superintendent (Vertical-3), CGST and Central Excise, Division-III, Indore, confirming a GST demand linked to an earlier assessment period.
The order relates to a show cause notice issued for an alleged mismatch between E-way bills and GST returns for the financial year 2018-19. The company received the order via email on January 2, 2026.
Details of the Tax Demand
The authority has confirmed a total demand of ₹1,10,720, comprising equal components of tax and penalty. The allegation pertains to non-payment of GST on certain outward supplies reflected in E-way bills.Demand Break-up
| Particulars | Amount (₹) |
|---|---|
| GST tax | 55,360 |
| Penalty | 55,360 |
| Total demand | 1,10,720 |
Impact and Company Position
Finolex Cables stated that the demand amount does not have a material impact on its financial position or operations, given its limited monetary value. The company also indicated that it has the option to pursue an appeal before the appropriate appellate authority.About the Company
Finolex Cables Limited is a listed Indian manufacturer of electrical and communication cables, with operations spanning power cables, optical fibre cables and allied electrical products. The company serves domestic and export markets and is listed on both the BSE and the National Stock Exchange of India.Source:
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