Bansal Wire Industries has officially communicated to stock exchanges about a substantial operational setback with its production capacity reduced by 35% due to natural gas supply disruptions. The company has directly linked this significant capacity reduction to ongoing geopolitical tensions in the West Asia region, which have impacted natural gas availability and supply chains.

Official Communication to Exchanges

In a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, the company informed that ongoing geopolitical tensions in the West Asian region have resulted in temporary disruption in the supply of industrial gases across India. The company has received communications from Oil Marketing Companies (OMCs) regarding restrictions in natural gas supply due to a force majeure situation arising from the conflict and its impact on global fuel availability.

Production Impact and Affected Operations

The natural gas disruption has created substantial challenges for the company's manufacturing processes. Natural gas available for certain heat treatment and annealing processes has been curtailed by respective natural gas distribution companies, resulting in temporary impact on the company's production lines. The 35% capacity reduction since mid-March represents a significant operational constraint affecting the company's ability to meet production targets.

Mitigation Measures and Recovery Strategy

The management has undertaken immediate steps to address the supply disruption and ensure operational continuity. The company is enhancing the operationalization of electric furnaces wherever possible and deploying alternative heating systems at its facilities. Bansal Wire Industries is actively working towards progressively restoring the affected production capacity through continued deployment of alternate energy sources.

Management Outlook and Monitoring

The company remains in close coordination with natural gas distribution partners and relevant authorities to prevent any further disruption. Management is closely monitoring the situation and taking necessary steps to mitigate the impact while endeavoring to minimize adverse effects on overall financial performance. The company has committed to keeping exchanges informed of any further material developments as the situation evolves, maintaining transparency standards as part of its operational ethos.

Bansal Wire Industries Limited has achieved a significant regulatory victory with the receipt of a favorable appeal order that completely eliminates its GST tax liability. The steel wire manufacturer announced that its tax obligation has been reduced from Rs. 92,90,112.00 to nil, with no financial impact on the company's operations.

Appeal Order Details

The Additional Commissioner Grade-II Appeal, Ghaziabad I-Uttar Pradesh issued the favorable order, which was received on March 09, 2026 at 05:39 P.M. (IST). This decision follows the company's earlier intimation dated December 06, 2025, where it had informed about the reduction in tax liability and its intention to file an appeal against the original GST assessment order.

Background of GST Assessment

The original GST assessment order was issued by the Joint Commissioner, SGST, Corporate Circle-I, Ghaziabad Zone-I for tax, interest and penalty under Section 74 of the CGST/SGST Act, 2017 for the financial year 2021-22. The assessment covered several alleged violations:

• E-way bill related issues
• Availment of blocked and excess Input Tax Credit (ITC)
• Non-payment of tax on sale of RODTEP license

Financial and Operational Impact

The favorable appeal order ensures that no tax demand, penalty or interest arises from the original assessment. The company has confirmed that the matter has no financial, operational or other business impact on its activities. The order reaffirms the company's strong compliance framework and validates its decision to challenge the original assessment.

Regulatory Compliance

Bansal Wire Industries has disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has made the intimation available on its website www.bansalwire.com , ensuring transparency with stakeholders and maintaining its commitment to regulatory compliance.

The successful appeal demonstrates the effectiveness of the company's legal and compliance strategies in addressing regulatory challenges while maintaining operational continuity.