NSEAction(s) taken or orders passed25 Jul 2026 · 25 Jul 2026, 07:53 pm

Action(s) taken or orders passed

Bansal Wire Industries Limited · BANSALWIRE

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Bansal Wire Industries Limited has received an order from the Joint Commissioner of State Tax (Appeals) reducing the interest demand to NIL for its wholly-owned subsidiary, Bansal Steel & Power Limited, related to a GST notice from the financial year 2017-18.

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Earnings Impact1/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk1/10
Liquidity Impact10/10
Market Sentiment8/10

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Full Announcement

Bansal Wire Industries Limited has informed the Exchange regarding order received by Bansal Steel & Power Limited, Wholly Owned Subsidiary of the Company from Joint Commissioner of State Tax (Appeals), Cum-Appellate Authority, Rohtak reducing the Interest demand to NIL.

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BANSALWIRE_25072026195237_Regulation_30_Intimation_GST_Order.pdf

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CIN No. : I.31300DL1985Pljc022737 Zzis BANSAL ==T--Tis ELS±FZZZZ Bansal Wire Industries Limited Manufacturers of Steel Wires July 25, 2026 BSE Ltd. National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Exchange Plaza, C-1, Block G, Street, Fort Bandra-Kurla Complex, Bandra Mumbai -400 001 Mumbal -400 051 Scrip Code: 544209 Trading Symbol: BANSALWIRE Subject: Disclosure under Regulation 30 of SEBI thisting Obligations and Disclosure Requirements) Regulations. 2015 Dear Sir"adam, With reference to our earlier intimation dated February 01, 2025, wherein the Company had informed that Bansal Steel & Power Limited (BSPL), Wholly Owned Subsidiary (WOS) of Bansal Wire Industries Limited has received a GST Notice in Form GST DRC-07 imposing a penalty of Rs. 50,99,895/- under Section 74 of the GST Act, 2017 along with tax liability of Rs. 57,77,896/-and interest of Rs. 89,94,666/-pertaining to the financial year 2017-18 and subsequently, BSPL has received a rectification interest demand of Rs. 16,88,804/-and reducing the GST liability to NIL. The said rectification demand had been duly disclosed by the Company in its Integrated Corporate Governance Report submitted to the Stock Exchange(s). In accordance with the section 107 of the CGST/SGST Act, 2017 read with section 20 of IGST Act, 2017, Joint Commissioner of State Tax (Appeals), Cum-Appellate Authority, Rohtak has accepted the BSPL's (WOS) appeal against the demand of Rs. 16,88,804/-and order has been received in favour of the BSPL (WOS) reducing the Interest demand of Rs. 16,88,804/-to NIL` vide its order dated July 25, 2026, and the case has been closed. The details as required under Regulation 30 of the SEBI Listing Regulations is attached as Annexure-A. This is for your information and record. A copy of this intimation is also being made available on the website of the Company www.bansalwire.com. Thanking you, Yours faithfully, For Bansal Wire Industries Limited Sumit Gupta Company Secretary and Compliance Officer Encl.: As Abo\.e Regd. Office : F-5, Main Road, Shastri ITagar, Delhi-110052 Tel. : 01146666750-59 Wehsite : ww`^r.bansahwilie.com E+Mail : info@bansalwire.com Annexure-A S.No. Particulars Details a. Name of the Authority Joint Commissioner of State Tax (Appeals), Cum-Appellate Authority, Rohtak b. Nature and details of the action(s) taken, or The appeal order has been received in favour of order(s) passed by the authority BSPL reducing the Interest demand of Rs. 16,88,804/-to NIL, vide its order dated July 25, 2026, and the case has been closed. Date of receipt of direction or order, including July 25, 2026, at 10:44 A.M. (IST) any ad-interim or interim orders, or any other communication from the authority d. Details of the violation(s) / contravention(s) Alleged Demand for Interest on ITC claimed committed or alleged to be committed e. Impact on financial, operation or other The matter has no financial, operational or other activities of the listed entity, quantifiable in business impact on the Company. monetary terms to the extent possible