Dynamic Cables Limited Receives Favourable Income Tax Appeal Order

Dynamic Cables Limited has secured a significant victory in its income tax appeal, receiving a favourable order from the Commissioner of Income-tax (Appeals) that eliminates substantial tax demands. The company disclosed this development under Regulation 30 of the SEBI Listing Regulations on March 31, 2026.

Appeal Victory Details

The Commissioner of Income-tax (Appeals) issued a favourable order dated March 30, 2026 under Section 250 of the Income-tax Act, 1961, allowing Dynamic Cables' appeal against previous assessment orders. This ruling represents a continuation of the company's efforts to contest income tax assessments that were initially communicated in March 2025.

Parameter:	Details
Authority:	Commissioner of Income-tax (Appeals), Income Tax Department
Order Date:	March 30, 2026
Legal Section:	Section 250 of the Income-tax Act, 1961
Assessment Years:	2017-18 and 2019-20

Financial Impact and Tax Demands

The original assessment orders under Section 147 of the Income-tax Act, 1961 had created substantial tax liabilities for the company across two assessment years. The demands arose from disallowance of certain expenses and additions to income that the tax authorities had imposed.

Assessment Year:	Tax Demand Amount
2017-18:	₹3,25,87,400
2019-20:	₹1,63,92,916
Total Demand:	₹4,89,80,316

Order Outcome and Company Position

The favourable order has deleted the disallowance of expenses and additions to income that formed the basis of the original tax demands. According to the company's disclosure, the ruling is expected to have no adverse financial or operational impact, indicating that Dynamic Cables has successfully defended its tax position.

The company has made this information available on its website at www.dynamiccables.co.in and has fulfilled its disclosure obligations under SEBI Master Circular requirements. This development represents a positive resolution to the income tax proceedings that had been ongoing since the original assessment orders were passed.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.89%	+3.04%	-7.46%	-32.39%	-4.80%	+296.33%

Dynamic cables Limited has received reaffirmation of its credit ratings from CRISIL Ratings Limited for enhanced banking facilities worth Rs. 350 crores. The company informed stock exchanges about this development on March 21, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Enhanced Banking Facilities and Rating Details

The credit rating reaffirmation covers banking facilities that have been enhanced from Rs. 295.55 crores to Rs. 350 crores, representing a significant increase in the company's banking facility limits. CRISIL has maintained its confidence in the company's creditworthiness by reaffirming both long-term and short-term ratings.

Rating Type	Rating Grade	Rating Action
Long-term rating	CRISIL A/Stable	Reaffirmed
Short-term rating	CRISIL A1	Reaffirmed

Credit Rating Significance

The CRISIL A/Stable long-term rating indicates adequate degree of safety regarding timely servicing of financial obligations, with stable outlook suggesting that the rating is unlikely to change in the near term. The CRISIL A1 short-term rating reflects strong degree of safety regarding timely payment of short-term financial obligations.

Regulatory Compliance and Documentation

Dynamic Cables Limited has fulfilled its regulatory obligations by promptly informing both BSE Limited and National Stock Exchange of India about the rating reaffirmation. The company has provided access to detailed CRISIL rating documentation through official channels, ensuring transparency for stakeholders and investors.

The rating reaffirmation for enhanced banking facilities demonstrates the company's growing financial requirements and CRISIL's continued confidence in its ability to service debt obligations effectively. This development provides the company with improved access to banking facilities while maintaining favorable credit terms.