Bansal Wire's Tax Headache Eases: ₹203 Cr Demand Slashed to ₹101 Cr

Order Revision Breakdown

Bansal Wire Industries Ltd (NSE: BANSALWIRE), a leading steel wire maker, disclosed a significant GST relief on December 9, 2025. The Deputy Commissioner revised the original ₹2.03 billion show-cause notice for FY 2020-21, halving the liability amid disputes over compliance issues. This follows similar reductions in prior years, bolstering financial stability.

Key Highlights

Demand Details: Original ₹203 Cr (tax ₹69 Cr, interest ₹64 Cr, penalty ₹69 Cr); revised to ₹101 Cr total—50% cut via partial acceptance of company's submissions.​

Dispute Areas: E-way bill mismatches, excess/blocked Input Tax Credit, tax on RODTEP license sales; aligns with pattern of sharp GST reductions (95-99% in FY19/21-22).​

Company Stance: Deems order "untenable," to appeal higher authority; asserts no impact on operations, finances amid robust Q2 growth.​

Market Reaction: Shares dipped mildly post-notice but rebounded on reductions; YTD +25%, debt-free balance sheet intact.​

Sources: NSE India, Marketscreener, ScanX Trade