Finolex Cables Ltd – GST Demand Order

• Authority: Superintendent, Range-IV, Division-IV, CGST Goa. • Nature: Confirmation of demand arising from a Show Cause Notice regarding alleged ineligible Input Tax Credit (ITC) claimed on services from Depositary and R&T Agent during FY19–FY23. • Monetary Impact: ₹15,98,544 (Tax ₹7,99,272 + Penalty ₹7,99,272). • Company View: Management states no material impact on operations. • Next Steps: Option to appeal before the Appellate Authority. ⚖️