Cords Cable Industries Limited — Others, 11-02-2025: Action(s) initiated or orders passed

CORDS Cable Industries Ltd. has received a GST demand order amounting to ₹97.65 crore, alongside a penalty of the same amount, from the Additional Commissioner of CGST Delhi - West. This order, related to denied input tax credit for transactions between July 2017 and March 2019, was received on February 10, 2025. While the company plans to appeal the order, it claims there is no material impact on its financial and operational activities. This situation may create a cautious investor sentiment due to potential risks associated with regulatory challenges, but the company's proactive approach in appealing suggests a strategy to mitigate impacts.