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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Finolex Cables Ltd

Finolex Cables Receives Order for Rs. 1,29,698 Tax Demand

REGULATORY ◆ Monitor Closely LOW RISK
📅 Filed on BSE: 13 Jun 2026, 11:52 AM IST  ·  BSE ID: 8866b705-7e43-4ccf-b5a0-51711f13ea33
View Original BSE Filing (PDF)
💡
In Simple Terms
Finolex Cables must pay Rs. 1,29,698 due to a tax dispute over incorrect e-way bill generation.
🤖 AI Summary
  • Finolex Cables received a Rs. 1,29,698 tax demand order from Uttar Pradesh appellate authority.
  • Order confirms tax, interest, and penalty for e-way bill mismatches due to alleged glitches.
  • Company submitted technical issues caused double e-way bill generation; only one was used.
  • The appellate authority confirmed the order as e-way bills were not cancelled within the timeframe.
  • Finolex Cables retains the option to file an appeal before the Appellate Authority.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Tax Demand
Rs. 1,29,698/-
Tax Component
40,094/-
Interest Component
49,510/-
Penalty Component
40,094/-
🏢 How This Affects the Company
💰
Financial Impact
The confirmed tax demand of Rs. 1,29,698 is not expected to have a major impact on the company's operations.
⚠️
Risk Impact
This order confirms a tax demand, representing an adverse regulatory outcome for the company, though the amount is not material.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders. Shareholders may monitor future appeals.
👤
Who Is Affected
All shareholders are affected by the company's compliance with tax regulations. The financial impact is minimal at Rs. 1,29,698.
🔍
Management Signal
Management is pursuing its options to contest tax demands, indicating a proactive approach to regulatory matters.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Company's decision on filing further appeal
Outcome of any further appeal process
Future disclosures on tax-related matters
LOW RISK Confirmed tax demand is not financially material and company can appeal.
💡 Investor Takeaway
Finolex Cables received a confirmed tax demand of Rs. 1,29,698, comprising tax (Rs. 40,094), interest (Rs. 49,510), and penalty (Rs. 40,094), due to uncancelled e-way bills.
⚖️ Strengths & Concerns

⚠️ Concerns

  • Confirmed tax demand of Rs. 1,29,698 for alleged e-way bill generation issues.
  • E-way bills were not cancelled within the stipulated time, leading to confirmation of the order.
📅 Company Track Record
Previously, Finolex Cables faced a confirmed GST demand of Rs. 29.46 Crore, which it contested and planned to appeal.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the total tax demand confirmed against Finolex Cables?
Finolex Cables received a confirmed tax demand of Rs. 1,29,698, including tax, interest, and penalty.
What was the reason for the tax demand against Finolex Cables?
The demand was due to alleged mismatches in e-way bills, with the authority stating they were not cancelled within the given time.
What are the components of the Rs. 1,29,698 tax demand?
The demand comprises Rs. 40,094 for tax, Rs. 49,510 for interest, and Rs. 40,094 for penalty.
Can Finolex Cables appeal this order?
Yes, Finolex Cables has the option to file an appeal before the Appellate Authority.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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