Cords Cable Industries Limited has received a rectification order from the Office of the Assistant Commissioner, CGST, Division Tijara, reducing the Goods and Services Tax (GST) demand to ₹18.31 lakh. The order, dated June 15, 2026, pertains to an Original In Order (OIO) No. 48/GST/BHD-TIJARA/25-26 dated December 16, 2025. The revised demand is a reduction from the initial figure of ₹35,59,462.

The order confirms a penalty equivalent to the revised tax demand under Section 74 and Section 122(2)(b) of the CGST Act, 2017, read with the corresponding provisions of the RGST Act, 2017 and the IGST Act, 2017. Applicable interest on the short-paid tax has also been levied. The authority disallowed input tax credit on purchases pertaining to the financial years 2018-19 to 2022-23.

company name stated that there is no material impact on its financial, operations, or other activities as a result of this order. The company intends to file an appeal against the said order with the Commissioner Appeal.

Details of the GST Demand

The disclosure was made to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Cords Cable Industries Limited reported a 40.7% increase in net profit to ₹2064.33 lakh for the financial year ended March 31, 2026, compared to ₹1466.99 lakh in the previous year. Revenue from operations for the year stood at ₹95887.80 lakh, up from ₹79848.94 lakh in FY25. The Board of Directors approved the audited standalone financial results for the fourth quarter and financial year ended March 31, 2026, at a meeting held on May 28, 2026.

Financial Performance

The company's profit for the period from continuing operations rose to ₹2064.33 lakh in FY26 from ₹1466.99 lakh in FY25. For the quarter ended March 31, 2026, the net profit was ₹828.11 lakh. Total income for the year increased to ₹95887.80 lakh from ₹79848.94 lakh in the prior year. Earnings per share (EPS) for the year improved to ₹15.88 from ₹11.25 in the previous year.

Dividend Declaration

The Board has recommended a final dividend of ₹1.20 per equity share, which is 12% of the face value of ₹10 each, for the financial year 2025-26. This dividend is subject to the approval of shareholders at the ensuing Annual General Meeting. Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, the record date for the purpose of the final dividend shall be intimated in due course.

Auditor and Appointments

The statutory auditors, M/s Alok Misra & Co., issued an unmodified opinion on the audited standalone financial results. Additionally, the Board approved the re-appointment of M/s Agarwal Nikhil & Co., Chartered Accountants, as Internal Auditor and M/s S Chander & Associates, Cost Accountants, as Cost Auditor for the financial year 2026-27.