Finolex Cables to Appeal Rs 29.46 Crore GST Demand Order

Finolex Cables Limited ( (IN:FINCABLES) ) has issued an update.

Finolex Cables Limited has disclosed that the Additional Commissioner of Central GST in Dehradun has confirmed a tax demand arising from a show cause notice over alleged input tax credit mismatches, e-way bill discrepancies and late payments to creditors. The order, received on March 31, 2026, imposes a demand of about Rs 29.46 crore, including penalty, though the company maintains that the decision is ill-considered and plans to challenge it before the appellate authority.

The company has stated that the tax demand is not expected to have a major impact on its operations, suggesting limited immediate operational disruption despite the sizeable amount involved. However, the dispute underscores ongoing tax-compliance scrutiny on large listed entities and could carry financial or reputational implications depending on the outcome of the appeal and any potential provisioning requirements investors may anticipate.

More about Finolex Cables Limited

Finolex Cables Limited is a leading Indian manufacturer in the electrical and communication cables industry, producing a wide range of wires and cables for industrial, infrastructure and consumer applications. The company has a significant domestic market presence and is listed on both BSE and NSE, making regulatory and tax developments material for its investors and stakeholders.

Average Trading Volume: 42,290

Technical Sentiment Signal: Hold

Current Market Cap: 118.7B INR

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