Finolex Cables Limited has received an original order dated 09.06.2026 from the Additional Commissioner, Grade-II Appeal, Lucknow. The order relates to an issue concerning mismatched e-way bills, where Finolex submitted that technical glitches led to the generation of duplicate e-way bills. The company has the option to file an appeal before the Appellate Authority.
Finolex Cables Receives Appellate Order
Finolex Cables Limited has been formally notified of an original order issued by the Additional Commissioner, Grade-II Appeal, located in Lucknow, Uttar Pradesh. The order is dated 09.06.2026.
Details of the Order
The announcement pertains to an issue where a notice was issued due to mismatches in invoice details on generated e-way bills. Finolex Cables Limited presented that technical issues caused double e-way bills to be generated, while the actual movement of goods occurred using only one of them. Despite this explanation, the Commissioner Appeals upheld the order, citing that the erroneous e-way bills were not cancelled within the stipulated time.
The alleged violation is that e-way bills were generated twice. The financial impact includes a Tax Demand of ₹1,29,698/-, comprising ₹40,094/- for tax, ₹49,510/- for interest, and ₹40,094/- for penalty. The company states that this amount does not have a major impact on its operations.
Appellate Options
Following the receipt of this order, Finolex Cables Limited has the option to file an appeal before the designated Appellate Authority. The company is in the process of evaluating its next steps in response to this directive.
Disclosure Compliance
This intimation is made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The relevant details as per the requirement of Regulation 30 and SEBI Master Circular reference SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are provided. The company requests that these details be taken on record.
The company has been issued the original order on 09.06.2026, and the receipt of this direction from the authority was on 12.06.2026.
Source: BSE
