Finolex Cables receives GST demand order of ₹1.1 Lakhs
Finolex Cables received a GST demand order of ₹1.1 Lakhs for FY19 due to E-way bill and GST return mismatches. The company can appeal the order, which is not expected to significantly impact operations.
The total tax demand of ₹1,10,720/- is a very small amount relative to the company's overall financial standing and is not expected to materially affect its operations.
The company received a tax demand order, which is a routine regulatory matter. While it involves a penalty, the amount is small and not expected to have a significant impact on the company's operations, hence the neutral sentiment.
Finolex Cables Limited has received an order dated January 2, 2026, from the Superintendent (Vertical-3), CGST and Central Excise, Division-III, Indore, Madhya Pradesh. The order confirms a demand under a Show Cause Notice, which was issued due to a mismatch between E-way bills and GST Returns for the Financial Year 2018-19.
The alleged contravention pertains to the company not paying GST on outward supply as mentioned in these E-way Bills.
The total tax demand is ₹1,10,720/-, comprising ₹55,360/- as tax and ₹55,360/- as penalty. The company has stated that this demand is not expected to have a major impact on its operations.
Finolex Cables Limited has the option to file an appeal before the Appellate Authority against this order.
What to do with a filing like this
Finolex Cables Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. 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 Finolex Cables Limited. Read the original for the full detail.