Cords Cable Industries Limited has received a GST demand order from tax authorities, requiring the company to pay ₹14.04 lakh for alleged short payment of Goods and Services Tax. The company disclosed this development to stock exchanges on March 13, 2026, in compliance with regulatory requirements.

GST Demand Order Details

The demand order was issued by the Superintendent, CGST Range-XVI, Alwar Bypass Road, Bhiwadi, Alwar, Rajasthan. The order, numbered SUP/R-XVI/BHD/GST/74/2025-26 and dated March 11, 2026, was received by the company on March 12, 2026.

Breakdown of Tax Demand

The GST demand pertains to alleged short payment during the financial year 2019-20. The total demand of ₹14,03,919 comprises different components of GST that were allegedly underpaid on outward supplies.

Penalties and Additional Charges

The demand order includes several additional financial implications beyond the principal tax amount:

• Penalty of equivalent amount under Section 74 and 122(2)(b) of CGST Act, 2017
• Corresponding provisions of RGST Act, 2017 and IGST Act, 2017
• Applicable interest on short paid tax

The order was issued under Section 74 of the CGST Act, 2017, read with corresponding provisions of RGST Act, 2017 and IGST Act, 2017.

Company's Response and Impact Assessment

Cords Cable Industries has indicated its intention to challenge the demand order through proper legal channels. The company plans to file an appeal against the order with the appellate authorities.

Regarding the financial impact, the company has stated that there is no material impact on its financial, operational, or other activities. This assessment suggests that the company views the demand as manageable within its current financial framework.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided detailed information as required under the SEBI Master Circular dated January 30, 2026, ensuring full transparency with stakeholders and regulatory authorities.

Cords Cable Industries Limited has delivered robust financial performance in Q3FY26, with the Board of Directors approving unaudited financial results for the quarter and nine months ended December 31, 2025. The company demonstrated strong revenue growth and maintained profitability across key operational metrics.

Financial Performance Highlights

The company's operational performance showed significant improvement across multiple parameters during the reporting period:

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Cords Cable Industries demonstrated consistent growth momentum:

Operational Efficiency Metrics

The company's cost structure and operational efficiency showed notable improvements during Q3FY26. Cost of material consumed increased to ₹20,258.25 lakhs from ₹16,455.22 lakhs in Q3FY25, primarily reflecting higher business volumes. Employee benefit expenses rose to ₹1,243.84 lakhs compared to ₹902.29 lakhs in the previous year quarter, indicating expansion in workforce and operations.

Board Meeting and Regulatory Compliance

The Board of Directors convened on February 13, 2026, at the company's registered office in New Delhi to review and approve the quarterly results. The meeting commenced at 12:35 PM and concluded at 1:30 PM, with all regulatory requirements under SEBI Listing Regulations being fulfilled.

Statutory Audit and Review

The financial results underwent limited review by statutory auditors Alok Misra & Co., Chartered Accountants, based in New Delhi. The auditors confirmed that the unaudited financial statements comply with Indian Accounting Standards (Ind AS) 34 for interim financial reporting and meet all disclosure requirements under SEBI regulations. The results will be published in prescribed newspaper formats as mandated by listing regulations.