Finolex Cables has received a tax order demanding ₹1,29,698 from the Additional Commissioner, Grade-II Appeal, Lucknow Sector -9, Uttar Pradesh. The order, dated June 9, 2026, was received by the company on June 12, 2026. The financial impact includes a tax component of ₹40,094, interest of ₹49,510, and a penalty of ₹40,094. The company stated that this demand will not have a major impact on its operations.

The tax authority issued the notice due to a mismatch of invoice details on generated E-way bills. Finolex Cables submitted that double E-way bills were generated due to technical glitches and that the movement of goods occurred using only one E-way bill. However, the Commissioner of Appeals confirmed the order on the grounds that the duplicate E-way bills were not cancelled within the stipulated time.

Regulatory Disclosures

The disclosure was made to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company referenced the SEBI Master Circular dated January 30, 2026, regarding the format of the disclosure.

Order Details

Financial Breakdown

Finolex Cables noted that the option remains open to file an appeal before the Appellate Authority against the said order.

Finolex Cables announced the cessation of Siddhesh Mandke as its Company Secretary and Compliance Officer, effective June 11, 2026. The resignation was tendered for personal reasons and accepted by the company's Board on May 21, 2026. Mandke was relieved from his duties at 5:15 pm on June 11, 2026, in accordance with company policy.

The disclosure was made to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation detailed the timeline of the resignation, noting that the resignation letter was dated May 12, 2026.

Resignation Details

The company provided specific details regarding the change in its Key Managerial Personnel (KMP). The effective date of cessation was confirmed as after the close of business hours on June 11, 2026.

The filings were submitted by Mahesh Viswanathan, Chief Financial Officer, and Ratnakar Barve, Whole Time Director & Chairman, to BSE Limited and National Stock Exchange of India Ltd respectively.