Finolex Cables Limited is in receipt of the Order issued by Superintendent (Vertical-3), CGST and Central Excise, Division-III, Indore, Madhya Pradesh dated 02.01.2026. Demand under Show Cause Notice is confirmed by Superintendent, CGST. Show Cause Notice was issued for mismatch of E- way bills and GST Returns for Fiscal Year 2018-19.
Date of receipt of direction of order, including ad interim or interim orders, or any other communication from the authority is Order was received through email on 02.01.2026. Details of the violations/contraventions committed or alleged to be committed: It is alleged that Company has not paid GST on outward supply mentioned in these E-way Bills. Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: Tax Demand is INR 110,720/- (Tax INR 55,360/-, Penalty INR 55,360/-) 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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Investor
Investor
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Global
Global
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Quality
Quality
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ESG MSCI
ESG MSCI
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