Bansal Wire Industries Limited has disclosed receiving a show cause notice from GST authorities demanding ₹9.88 crores in tax, interest, and penalty for financial year 2022-23. The company made this disclosure on December 11, 2025, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Show Cause Notice Details

The show cause notice was issued on December 10, 2025, by Joint Commissioner, SGST, Corporate Circle-I, Ghaziabad Zone-I, Uttar Pradesh. The notice pertains to various GST-related issues for the financial year 2022-23.

The notice addresses several compliance issues including:

• E-way bill related matters
• Availment of blocked and excess Input Tax Credit (ITC)
• Non-payment of tax on sale of RODTEP license

Company's Response and Position

Bansal Wire Industries has strongly contested the notice, describing it as "untenable and without merits." The company emphasized that it believes the tax, interest, and penalty amounts alleged by the department should not be levied.

The management stated there will be no material impact on the company's financials, operations, or other activities arising from this show cause notice. The company plans to file an appropriate response within the prescribed timelines with the relevant authority.

Historical Context

This is not the first time the company has faced similar GST notices. The disclosure reveals that similar notices had been issued by authorities for previous financial years:

• FY 2018-19
• FY 2019-20
• FY 2020-21
• FY 2021-22

Notably, all these previous matters were resolved with negligible amounts, which may provide context for the company's confident stance on the current notice.

Regulatory Compliance

The company has made this disclosure in compliance with Regulation 30 read with Para B of Part-A of Schedule III of SEBI (LODR) Regulations, 2015. The intimation has also been made available on the company's website at www.bansalwire.com , ensuring transparency with stakeholders and regulatory authorities.

Bansal Wire Industries , a player in the wire manufacturing sector, has received a significant reduction in its Goods and Services Tax (GST) liability. The State Goods and Services Tax (SGST) Authority has substantially lowered the company's tax burden.

Revised Tax Assessment

The SGST Authority has issued a revised tax assessment for Bansal Wire Industries. The key details of this revision are as follows:

This substantial reduction represents a 99.51% decrease in the company's GST liability.

Company's Response

Despite the significant reduction in liability, Bansal Wire Industries plans to contest the revised assessment. The company has stated its intention to appeal for further review of the remaining tax liability.

Looking Ahead

The company's decision to appeal suggests it may seek further reduction or elimination of the remaining tax liability. This development underscores the complexities of GST compliance and the potential for significant revisions in tax assessments.

Investors and stakeholders may monitor the outcome of the planned appeal and its potential implications for the company's financial statements and cash flows.