Cords Cable Industries Limited has received a GST demand order from Rajasthan State Tax authorities under Regulation 30 of SEBI listing regulations. The company disclosed this development through an official communication dated January 2, 2026.

GST Demand Order Details

The demand order, bearing Case ID No. AD080625043828N dated December 31, 2025, was issued by the Office of the Joint Commissioner State Tax, Circle-A, Bhiwadi, Zone: Bhiwadi, Rajasthan. The order pertains to alleged incorrect availment of input tax credit by the company.

Nature of Violation

The tax authorities have disallowed input tax credit on purchases pertaining to the financial year 2018-19. The demand has been raised under Section 74 read with Section 122 of the RGST/CGST Act, 2017 read with Section 20 of IGST Act, 2017. The interest component has been calculated under Section 50(3) of GST Act, 2017 read with Section 20 of IGST Act, 2017.

Company's Response

Cords Cable Industries has indicated its intention to file an appeal against the said order with the appellate authorities. The company has assessed that there is no material impact on its financial operations or other activities due to this demand order.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in compliance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company operates two manufacturing units in Bhiwadi, Rajasthan, in the Industrial Areas of Chopanki and Kaharani.

Cords Cable Industries Limited has received a demand order from tax authorities regarding Central Goods and Services Tax (CGST) matters. The company disclosed this development through a regulatory filing.

Order Details and Authority

The demand order was issued by the Assistant Commissioner, CGST Division-Tijara, located at Alwar Bypass Road, Bhiwadi, Alwar, Rajasthan.

Financial Impact and Penalty Structure

The order demands ₹35.59 lakh under Section 74 of the CGST Act, 2017, along with corresponding provisions of SGST Act, 2017 and IGST Act, 2017. Additionally, the company faces a penalty of equivalent amount under Section 122(2)(b) read with Section 74 of the CGST Act and corresponding provisions of IGST and SGST Acts.

Nature of Alleged Violation

The tax authorities have disallowed input tax credit on purchases for the period spanning financial years 2018-19 to 2022-23. The order alleges incorrect availment of input tax credit by the company during this five-year period.

Company's Response and Next Steps

Cords Cable Industries plans to file a rectification application against the said order with the authorities. The company maintains that there is no material impact on its financial, operational, or other activities due to this order.

Regulatory Compliance

The disclosure was made pursuant to regulatory requirements, ensuring full transparency with stakeholders regarding this regulatory development.