Cords Cable Industries Limited , a prominent player in the cable manufacturing sector, has recently received a Goods and Services Tax (GST) demand order from the Additional Commissioner, CGST Alwar, Commissionerate. The order, which amounts to Rs 3.79 crore, has been issued under sections 74 of the CGST Act, 2017, and corresponding provisions of the SGST Act, 2017 and IGST Act 2017.

Details of the Demand Order

The GST demand order includes the following components:

The order cites incorrect availment of input tax credit as the reason for the demand. The tax authorities have disallowed input tax credit on purchases utilized during the financial years 2018-19 and 2019-20.

Company's Response

Cords Cable Industries has stated that there is no material impact on its financial operations or other activities due to this demand order. The company intends to file an appeal against the order with the Appellate Authorities, indicating its disagreement with the tax department's assessment.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Cords Cable Industries has duly informed the stock exchanges about this development. The company received the demand order (ALW-GST-Addl.-Commr-70/2025-26) on November 3, 2025, which was originally dated October 28, 2025, and digitally signed on October 31, 2025.

Implications and Next Steps

While the company maintains that there is no material impact, the substantial amount involved in the demand order may require attention from investors and stakeholders. The outcome of the appeal process, once initiated by the company, will be crucial in determining the final financial implications of this order.

Stakeholders should keep an eye on further announcements from Cords Cable Industries regarding the progress of their appeal and any potential impact on the company's financials.

Cords Cable Industries Limited , a leading manufacturer of cables and wires, has reported a significant increase in profit for the first quarter, along with several key corporate announcements.

Financial Performance

The company's unaudited financial results for Q1, ending June 30, show a marked improvement in both revenue and profitability:

The company's revenue from operations saw a substantial increase of 30.45% year-over-year, rising from Rs. 17,294.48 lakhs in Q1 2024 to Rs. 22,560.73 lakhs in Q1 2025. This growth was accompanied by an even more impressive 44.48% jump in net profit, which reached Rs. 386.61 lakhs compared to Rs. 267.58 lakhs in the same quarter last year.

Earnings per share (EPS) also showed significant improvement, increasing from Rs. 2.22 in Q1 2024 to Rs. 2.97 in Q1 2025, representing a 33.78% increase.

Annual General Meeting and Dividend

The Board of Directors has scheduled the 34th Annual General Meeting (AGM) for September 29, 2025, at 12:00 noon. The meeting will be held at the International Society for Krishna Consciousness (ISKON), Hare Krishna Hills, Sant Nagar Main Road, East of Kailash, New Delhi.

In preparation for the AGM and potential dividend distribution, the company has announced a book closure period from September 23 to September 29, 2025 (both days inclusive). The record date for dividend payment purposes has been set as September 22, 2025.

E-Voting Facility

Shareholders will be provided with a remote e-voting facility for the upcoming AGM. The e-voting period is scheduled from September 26, 2025 (9:30 a.m. IST) to September 28, 2025 (5:00 p.m. IST).

Appointment of New Independent Director

In a significant board-level change, the company has announced the appointment of Shri Praveen Verma as a Non-Executive Independent Director. Mr. Verma's appointment is for a five-year term, effective from October 1, 2025, to September 30, 2030, subject to shareholder approval.

Mr. Verma brings over four decades of experience in operations, business development, and strategic management to the board. He holds a B.Sc. (Engg) degree in Electronics and Telecommunications from R.E.C. Kurukshetra and has a strong background in the manufacturing sector, particularly in process control instruments for power stations and process industries.

The appointment of Mr. Verma is expected to bring valuable insights and expertise to Cords Cable Industries Limited as it continues its growth trajectory.

These developments, including the strong financial performance, upcoming AGM, and the addition of a seasoned professional to the board, indicate Cords Cable Industries Limited's commitment to growth and corporate governance.