Cords Cable Receives Rectification Order Regarding CGST Penalty
Cords Cable received a rectification order, reducing the penalty related to CGST. The company intends to appeal the original order, having already deposited ₹1.76 crore under protest.
The company states that the rectification order and ongoing appeal do not have a material impact on its financial or operational activities.
The announcement discusses a rectification order that reduces a penalty, but the company is still pursuing an appeal. Therefore, the sentiment is neutral.
* Cords Cable Industries received a rectification order dated 20 November 2025, which was received on 21 November 2025, from the Assistant Commissioner, CGST Division - Tijara, regarding a penalty. * The rectification order reduces the penalty imposed on the Managing Director and erstwhile Whole Time Director from ₹1,05,87,295 to ₹50,000 under Section 122(3)(a) of the CGST Act, 2017. * The company has already deposited ₹1,76,55,460 under protest towards demand, interest, and penalty demanded vide original order no. 31/ GST/BHD- Tijara/25-26 dated 10 November 2025 and intends to file an appeal against the said Order with the Appellate Authorities. * The authority disallowed input tax credit on purchases pertaining to the period from F.Y. 2018-19 to 2020-21. * The company states that there is no material impact on financial, operations or other activities of the company.
What to do with a filing like this
Cords Cable Industries Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Cords Cable Industries Limited. Read the original for the full detail.