Finolex Cables Limited announced the receipt of the order issued by superintendent AR IV, Division VII, CGST Ahmedabad, Gujrat, dated December 24, 2025. The said order was received by the company on December 30, 2025. Name of the authority: Superintendent AR IV, Division VII, CGST Ahmedabad, Gujrat.
Nature and details of the actions taken: Demand under Show Cause Notice is confirmed by Superintendent, CGST. Show Cause Notice was issued for ITC availed during Fiscal Year 2018-19, 2019-20 and Fiscal Year 2022-23. Details of the violations: It is alleged that GST credit taken by Company is not available in GSTR-2A.
Impact on financial, operation: Tax demand is INR 1,519,638 (Tax INR 1,394,470, Interest INR 125,168) which is not having major impact on operations of the company.
Finolex Cables Limited is an India-based company, which is engaged in manufacturing of electricals cables, communication cables, and other electrical appliances. The Company operates through four segments: Electrical cables, Communication cables, Copper rods, and Others. the Electrical cables segment manufactures light-duty electrical cables and power and control cables. The Communication cables segment includes copper-based cables and optical fiber (glass-based) cables (OFC). The Copper rods segment is engaged in manufacturing continuous cast copper rods (CCC rods), which are used in the production of copper-based electrical, and communication cables. Its product portfolio includes wires and cables, fans, water heaters, switches, switchgear, home appliances-room heaters, home appliances-iron, lights, conduits and fittings, and smart homes. Its wires and cables include house wires, agriculture cables, ofc, telephone cables, LAN cables, speaker cables, and power cables.
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