Bansal Wire Industries has received a show-cause notice for GST, interest, and penalty linked to the financial year 2020-21.
The notice was issued on December 01, 2025, by the Joint Commissioner of SGST, Corporate Circle-I, Ghaziabad Zone-I, and was later reported to the stock exchanges as part of regulatory compliance. It falls under Section 74 of the CGST/SGST Act.
The total amount involved is ₹202.77 crore, including ₹69.19 crore in tax, ₹64.39 crore in interest, and ₹69.19 crore in penalty.
The notice refers to issues around e-way bills, blocked and excess input tax credit, and tax dues on the sale of RoDTEP licences. These figures were listed in the annexure attached to the company’s filing.
Bansal Wire has stated that it does not agree with the claims made in the notice. It plans to file its response within the specified time. The company also noted that a similar notice for FY2019-20 had been resolved earlier with a negligible outflow.
As per the disclosure, the firm is currently reviewing the contents of the notice and its related compliance requirements.
According to the filing, the notice does not affect the company’s financial position or day-to-day operations.
The update was shared under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements, which requires listed firms to report such developments.
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As of December 03, 2025, 12:31 pm, Bansal Wire Industries share price was trading at ₹312.15, a 1.82% down from the previous closing price.
The matter now moves to the response and review stage. The final outcome will depend on the tax department’s examination of the company’s submission and the issues raised in the notice.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Dec 3, 2025, 1:42 PM IST
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