Cords Cable Industries Includes Naveen Sawhney HUF in Promoter Group

Cords Cable Industries Limited has formally included Naveen Sawhney HUF in its promoter group, as announced in a regulatory filing dated March 28, 2026. The inclusion follows compliance requirements under Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the Inclusion

The Hindu Undivided Family is represented by its Karta, Mr. Naveen Sawhney, who is already a promoter of the company. The inclusion has been made pursuant to the definition of "Promoter Group" under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Parameter Details Name of HUF Naveen Sawhney HUF Name of Karta Naveen Sawhney Name of Coparcener Mrs. Adarsh Sawhney PAN of HUF AAHHN6967J DP ID IN303663 Client ID 10082461 Shareholding 12,700 Equity Shares (0.098%) Date of Inclusion March 27, 2026

Regulatory Compliance

The company has emphasized that this inclusion falls within the definition of promoter group as per SEBI regulations. The move represents a formal recognition of the HUF's status rather than any new acquisition or change in shareholding structure.

Impact on Company Operations

Cords Cable Industries has clarified that there is no change in control or management of the company pursuant to this inclusion. The development is purely administrative in nature, ensuring compliance with regulatory definitions and disclosure requirements.

The announcement was signed by Company Secretary Garima Pant and communicated to both the National Stock Exchange of India Limited and Bombay Stock Exchange Limited, where the company's shares are listed under scrip codes CORDSCABLE and 532941 respectively.

Cords Cable Industries Limited has received a GST demand order from tax authorities, requiring the company to pay ₹14.04 lakh for alleged short payment of Goods and Services Tax. The company disclosed this development to stock exchanges on March 13, 2026, in compliance with regulatory requirements.

GST Demand Order Details

The demand order was issued by the Superintendent, CGST Range-XVI, Alwar Bypass Road, Bhiwadi, Alwar, Rajasthan. The order, numbered SUP/R-XVI/BHD/GST/74/2025-26 and dated March 11, 2026, was received by the company on March 12, 2026.

Parameter: Details Issuing Authority: Superintendent, CGST Range-XVI, Bhiwadi, Rajasthan Order Number: SUP/R-XVI/BHD/GST/74/2025-26 Order Date: March 11, 2026 Receipt Date: March 12, 2026 Total Demand: ₹14,03,919

Breakdown of Tax Demand

The GST demand pertains to alleged short payment during the financial year 2019-20. The total demand of ₹14,03,919 comprises different components of GST that were allegedly underpaid on outward supplies.

Tax Component: Amount (₹) IGST: 8,86,405 CGST: 2,58,757 SGST: 2,58,757 Total GST Demand: 14,03,919

Penalties and Additional Charges

The demand order includes several additional financial implications beyond the principal tax amount:

Penalty of equivalent amount under Section 74 and 122(2)(b) of CGST Act, 2017

Corresponding provisions of RGST Act, 2017 and IGST Act, 2017

Applicable interest on short paid tax

The order was issued under Section 74 of the CGST Act, 2017, read with corresponding provisions of RGST Act, 2017 and IGST Act, 2017.

Company's Response and Impact Assessment

Cords Cable Industries has indicated its intention to challenge the demand order through proper legal channels. The company plans to file an appeal against the order with the appellate authorities.

Regarding the financial impact, the company has stated that there is no material impact on its financial, operational, or other activities. This assessment suggests that the company views the demand as manageable within its current financial framework.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided detailed information as required under the SEBI Master Circular dated January 30, 2026, ensuring full transparency with stakeholders and regulatory authorities.

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