Finolex cables Limited has submitted its quarterly compliance certificate under SEBI Regulation 74(5) for the quarter and financial year ended March 31, 2026. The filing demonstrates the company's adherence to regulatory requirements for depositories and participants.

Regulatory Compliance Filing

The compliance certificate was filed pursuant to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The document was submitted to both major stock exchanges where the company's shares are traded.

Certificate Submission Process

KFin Technologies Limited, Hyderabad, serving as the company's Registrar and Transfer Agent, issued the compliance certificates. The certificates were addressed to both Central Depository Services (India) Limited (CDSL) and National Securities Depository Limited (NSDL).

The certificates confirm that details of securities dematerialized and rematerialized during the quarter ended March 31, 2026 have been furnished to all stock exchanges where Finolex Cables' shares are listed, as required under the SEBI regulations.

Documentation and Accessibility

The compliance certificate has been made available on the company's official website at finolex.com/investor/, ensuring transparency and easy access for stakeholders. The filing was signed by Siddhesh Mandke, Company Secretary and General Manager (Legal), and digitally authenticated on April 2, 2026.

This regulatory filing represents routine compliance with SEBI's depositories and participants regulations, ensuring proper documentation of securities transactions during the specified quarter.

Finolex Cables Limited has informed stock exchanges about receiving a GST order from tax authorities in Dehradun, confirming a significant tax demand of ₹29.46 crores. The company received the order through email on 31.03.2026 and has announced its intention to challenge the decision through an appeal.

GST Order Details

The Additional Commissioner, Central GST, Dehradun, Uttarakhand issued the order dated 30.03.2026 under the Office of the Principal Commissioner, Central GST Commissionerate, Dehradun. The order confirms the demand raised in a Show Cause Notice that was previously issued to the company.

Alleged Violations

The GST authorities have alleged several contraventions in their order against Finolex Cables:

• ITC Mismatch: Discrepancies in Input Tax Credit claims
• E-way Bill Differences: Variations between reported and actual E-way bills
• Late Payment to Creditors: Delays in payments made to suppliers and creditors

These allegations formed the basis of the Show Cause Notice that was initially issued to the company, and the recent order confirms the demand arising from these alleged violations.

Company's Response

Finolex Cables has strongly contested the GST order, describing it as "ill-considered and issued without application of mind." The company has announced its decision to file an appeal before the Appellate Authority to challenge the order.

The company made this disclosure in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and the SEBI Master Circular dated January 30, 2026.

Financial Impact Assessment

Despite the substantial amount involved, Finolex Cables has stated that the tax demand of ₹29.46 crores "is not having major impact on operations of the company." This suggests that the company believes it has adequate financial resources to manage the situation while pursuing its legal remedies.

The disclosure was made to both BSE Limited and National Stock Exchange of India Limited as part of the company's regulatory compliance obligations, ensuring transparency with stakeholders regarding this significant development.