Cords Cable Industries Limited , a prominent player in the cable manufacturing sector, has received a rectification order significantly reducing the GST penalty imposed on its Managing Director and Whole Time Director. The penalty, which was initially set at Rs. 1,05,87,295, has been reduced to Rs. 50,000 under the provisions of the CGST Act.

Details of the GST Rectification

The rectification order relates to disallowed input tax credit for purchases made during the financial years 2018-19 to 2020-21. This development follows the company's earlier response to a GST demand order from the Assistant Commissioner, CGST Division-Tijara, Alwar.

Company's Response

In response to the original demand order, Cords Cable Industries had taken the following steps:

1. Deposited Rs. 1,76,55,460 under protest, covering the demand, interest, and penalty
2. Announced its intention to file an appeal against the order with the Appellate Authorities

The company maintains that there is no material impact on its financial operations or other activities due to this development. Cords Cable Industries plans to proceed with filing an appeal against the original order.

Financial Implications

While the significant reduction in the penalty is a positive development for Cords Cable Industries, the company has already deposited Rs. 1,76,55,460 under protest. The outcome of the planned appeal may determine whether any portion of this amount will be refunded.

Market Implications

The substantial reduction in the penalty may be viewed positively by investors and stakeholders. It suggests that the company's position regarding the GST demand may have merit, which could be favorable for the ongoing appeal process.

Investors will likely continue to monitor the progress of the company's appeal and any potential impact on future financial statements. The outcome of this regulatory matter may have implications for the company's tax liabilities and compliance processes going forward.

As the situation develops, market participants will be keen to see how Cords Cable Industries balances its growth trajectory with regulatory compliance, and whether this incident leads to any changes in the company's financial management or tax strategies.

Cords Cable Industries Limited , a prominent player in the cable manufacturing sector, has announced its unaudited financial results for the second quarter and half-year ended September 30, 2025. The company's performance shows a mixed picture with increased losses compared to the same period last year.

Financial Highlights

Key Observations

1. Revenue Decline: The company's revenue from operations for Q2 FY2026 stood at ₹245.70 crore, marking a decrease from ₹258.48 crore in the corresponding quarter of the previous year.

2. Widening Losses: Cords Cable Industries reported a net loss of ₹3.58 crore for the quarter, compared to a loss of ₹2.63 crore in the same quarter last year. For the half-year period, the net loss increased to ₹7.45 crore from ₹5.50 crore in the previous year.

3. Expenses: The total expenses for the quarter amounted to ₹250.52 crore, contributing to the overall loss.

4. Cash Position: As of September 30, 2025, the company's cash and cash equivalents stood at ₹0.26 crore.

Operational Update

The Board of Directors approved these results in their meeting held on November 12, 2025. Cords Cable Industries operates in a single business segment and has no subsidiary, associate, or joint venture companies.

Balance Sheet Highlights

As of September 30, 2025:

• Total Assets: ₹434.80 crore
• Total Equity: ₹189.87 crore
• Current Assets: ₹330.34 crore
• Current Liabilities: ₹210.78 crore

Financial Overview

The financial results indicate ongoing challenges in the operating environment. The increase in net loss despite a rise in half-yearly revenue suggests potential pressure on margins and operational efficiency.

The full format of the financial results is available on the websites of the stock exchanges where Cords Cable Industries' equity shares are listed (NSE and BSE) and on the company's website at www.cordscable.com .