Integrated Filing-Governance



General information about company

Scrip Code 544209
NSE Symbol BANSALWIRE
MSEI Symbol NOTLISTED
ISIN INE0B9K01025
Name of the entity BANSAL WIRE INDUSTRIES LIMITED
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Reporting Quarter Yearly
Date of Quarter Ending 31-Mar-2026
Type of company Equity
Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity? Yes
Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity? Yes
Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity? No
Reason For Part C Of Annexure I Disclosure Of Acquisition Of Shares OrVotingRightsInUnlistedCompaniesIsNotApplicableToTheEntity There is no acquistion of shares or voting rights in unlisted companies made during the quarter
Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity? No
Reason For Part D Of Annexure I Disclosure Of Imposition Of Fine Or Penalty Is Not Applicable To The Entity There is no fine or penalty imposed on the Company during the quarter
Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity? Yes
Whether Annexure I (Part F) of the SEBI Circular dated December 31, 2024 related to Disclosure Of Loans / Guarantees / Comfort Letters / Securities Etc. is Applicable to the entity? No
Reason For Part F Of Annexure I Disclosure Of Loans Or Guarantees Or Comfort Letters Or Securities Etc Is Not Applicable To The Entity There is no Loans/ Guarantees/ Comfort Letters/ Securities given by the listed Compan during the quarter
Risk management committee Yes
Market Capitalisation as per immediate previous Financial Year Top 1000 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID COMB00715
Reason For No SCORE ID
Type of Submission New
Remarks (website dissemination)



Annexure I
Annexure I to be submitted by listed entity on quarterly basis
I. Composition of Board of Directors
Disclosure of notes on composition of board of directors explanatory Shri Arun Gupta is the Chairman as well as Promoter of the company, he is categorised as Chairman related to Promoter in XBRL filing.
Whether the listed entity has a Regular Chairperson Yes
Whether Chairperson is related to MD or CEO Yes Disqualification of Directors under section 164 of the Companies Act, 2013
Sr Title (Mr / Ms) Name of the Director PAN DIN Category 1 of directors Category 2 of directors Category 3 of directors Date of Birth Whether the director is disqualified? Start Date of disqualification End Date of disqualification Details of disqualification Current status Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] Date of passing special resolution Initial Date of appointment Date of Re-appointment Date of cessation Tenure of director (in months) No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) No of Independent Directorship in listed entities including this listed entity [with reference to proviso to regulation 17A(1) & 17A(2)] Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) Reason for Cessation Notes for not providing PAN Notes for not providing DIN
1 Mr. ARUN GUPTA 00255850 Executive Director Chairperson related to Promoter 16-Apr-1958 No Active NA 11-Dec-1985 25-Aug-2023 1 0 0 0
2 Mr. PRANAV BANSAL 06648163 Executive Director Not Applicable CEO-MD 27-Apr-1995 No Active NA 20-Feb-2018 25-Aug-2023 1 0 0 0
3 Mr. UMESH KUMAR GUPTA 06579602 Executive Director Not Applicable 02-Jun-1966 No Active NA 16-Jun-2022 17-Oct-2023 1 0 1 0
4 Mr. PIYUSH TIWARI 07194427 Non-Executive - Independent Director Not Applicable 02-Jun-1965 No Active No 23-Oct-2024 23-Oct-2024 17 1 1 0 0
5 Mr. SATISH PRAKASH AGGARWAL 08778242 Non-Executive - Independent Director Not Applicable 02-Feb-1948 No Active Yes 15-May-2025 13-Jul-2020 13-Jul-2025 68 1 1 2 2
6 Mrs. SUNITA BINDAL 02154275 Non-Executive - Independent Director Not Applicable 03-Apr-1971 No Active No 24-Nov-2023 24-Nov-2023 28 1 1 2 0
7 Mrs. RITU BANSAL 10391113 Non-Executive - Independent Director Not Applicable 23-Nov-1986 No Active No 24-Nov-2023 24-Nov-2023 28 1 1 1 0



Annexure 1

II. Composition of Committees
Disclosure of notes on composition of committees explanatory



Audit Committee Details
Whether the Audit Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 08778242 SATISH PRAKASH AGGARWAL Non-Executive - Independent Director Chairperson 20-Jul-2020
2 02154275 SUNITA BINDAL Non-Executive - Independent Director Member 01-Dec-2023
3 10391113 RITU BANSAL Non-Executive - Independent Director Member 23-Oct-2024



Nomination and remuneration committee
Whether the Nomination and remuneration committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 08778242 SATISH PRAKASH AGGARWAL Non-Executive - Independent Director Chairperson 20-Jul-2020
2 02154275 SUNITA BINDAL Non-Executive - Independent Director Member 01-Dec-2023
3 10391113 RITU BANSAL Non-Executive - Independent Director Member 23-Oct-2024



Stakeholders Relationship Committee
Whether the Stakeholders Relationship Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 08778242 SATISH PRAKASH AGGARWAL Non-Executive - Independent Director Chairperson 17-Oct-2023
2 02154275 SUNITA BINDAL Non-Executive - Independent Director Member 23-Oct-2024
3 06579602 UMESH KUMAR GUPTA Executive Director Member 17-Oct-2023



Risk Management Committee
Whether the Risk Management Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 08778242 SATISH PRAKASH AGGARWAL ID Chairperson 17-Oct-2023
2 02154275 SUNITA BINDAL ID Member 23-Oct-2024
3 06579602 UMESH KUMAR GUPTA ED Member 17-Oct-2023



Annexure 1
III. Meeting of Board of Directors
Disclosure of notes on meeting of board of directors explanatory
Sr Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Notes for not providing Date Whether requirement of Quorum met (Yes/No) Total Number of Directors as on date of the meeting Number of Directors present* (All directors including Independent Director) No. of Independent Directors attending the meeting*
1 04-Nov-2025 Yes 7 6 4
2 19-Jan-2026 75 Yes 7 7 4



Annexure 1
IV. Meeting of Committees
Disclosure of notes on meeting of committees explanatory
Sr Name of Committee Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Name of other committee Reson for not providing date Whether requirement of Quorum met (Yes/No) Total Number of Directors in the Committee as on date of the meeting Number of Directors Present (All Directors including Independent Director) No. of Independent Directors attending the meeting* No. of members attending the meeting (other than Board of Directors)
1 Audit Committee 04-Nov-2025 Yes 3 3 3 0
2 Audit Committee 19-Jan-2026 75 Yes 3 3 3 0
3 Audit Committee 31-Mar-2026 70 Yes 3 3 3 0
4 Nomination and remuneration committee 31-Mar-2026 Yes 3 3 3 0
5 Stakeholders Relationship Committee 31-Mar-2026 Yes 3 3 2 0
6 Risk Management Committee 21-Feb-2026 Yes 3 3 2 0
7 Risk Management Committee 28-Mar-2026 34 Yes 3 3 2 0



Annexure 1
VI. Affirmations
Sr Subject Compliance status (Yes/No)
1 The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
2 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit Committee Yes
3 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee Yes
4 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committee Yes
5 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 1000 listed entities) Yes
6 The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015. Yes
7 The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
8 This report and/or the report submitted in the previous quarter has been placed before Board of Directors. Yes
9 Any comments/observations/advice of Board of Directors may be mentioned here:



Annexure 1
Sr Subject Compliance status
1 Name of signatory Sumit Gupta
2 Designation Company Secretary and Compliance Officer



Details of Cyber security incidence
Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarter No
Other details of cyber security incidence or breaches or loss of data event
Number of cyber security incidence or breaches or loss of data event occurred during the quarter
Sr Date of the event Brief details of the event



Annexure II to be submitted by listed entity at the end of the financial year (for the whole of financial year)
I. Disclosure on website in terms of LODR Regulation
Sr Item Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here. Web address
1.1 Details of business Yes https://bansalwire.com/
1.2 Memorandum of Association and Articles of Association Yes https://bansalwire.com/wp-content/uploads/2025/01/Memorandum-of-Association-and-Articles-of-Association-of-the-Company.pdf
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://bansalwire.com/our-management/
2 Terms and conditions of appointment of independent directors Yes https://bansalwire.com/wp-content/uploads/2024/07/Terms-and-conditions-of-appointment-of-independent-directors.pdf
3 Composition of various committees of board of directors Yes https://bansalwire.com/wp-content/uploads/2024/11/Composition-of-Committee.pdf
4 Code of conduct of board of directors and senior management personnel Yes https://bansalwire.com/wp-content/uploads/2024/09/Code-of-conduct-of-Board-of-Directors-and-Senior-Management-Personnel.pdf
5 Details of establishment of vigil mechanism or whistle blower policy Yes https://bansalwire.com/wp-content/uploads/2025/08/Vigil-Mechanism-Policy.pdf
6 Criteria of making payments to non-executive directors Yes https://bansalwire.com/wp-content/uploads/2024/09/criteria-of-making-payments-to-non-executive-directors.pdf
7 Policy on dealing with related party transactions Yes https://bansalwire.com/wp-content/uploads/2025/05/Policy-on-Materiality-and-dealing-with-the-Related-Party-Transaction.pdf
8 Policy for determining material subsidiaries Yes https://bansalwire.com/wp-content/uploads/2024/07/Policy-on-Material-Subsidiary.pdf
9 Details of familiarization programmes imparted to independent directors Yes https://bansalwire.com/wp-content/uploads/2026/02/Familiarization-Priogramme_2024-25-1.pdf
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes https://bansalwire.com/wp-content/uploads/2025/07/Contact-information-of-the-designated-official-of-the-listed-entity-who-are-responsible-for-assisting-and-handling-investor-grievances..pdf
11 Email address for grievance redressal and other relevant details Yes https://bansalwire.com/wp-content/uploads/2025/07/The-email-address-for-grievance-redressal-and-other-relevant-details.pdf
12 Financial results Yes https://bansalwire.com/outcome-of-board-meeting-held-on-july-31-2024/
13 Shareholding pattern Yes https://bansalwire.com/share-holding-pattern/
14 Details of agreements entered into with the media companies and/or their associates Yes https://bansalwire.com/details-of-agreements-entered-into-with-the-media-companies/
15.1 Schedule of analyst or institutional investor meet and presentation prepared by listed entity for analyst or institutional investor meet Yes https://bansalwire.com/bwil-exchange-intimation-earnings-call-invite/
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls Yes https://bansalwire.com/earnings-call-transcript-audio/
16 New name and the old name of the listed entity NA
17 Advertisements as per regulation 47 (1) Yes https://bansalwire.com/newspaper-advertisment-pursuant-to-regulation-47-of-sebi-listing-obligations-and-disclosure-requirements-regulations-2015/
18 Credit rating or revision in credit rating obtained Yes https://bansalwire.com/credit-ratings/
19 Separate audited financial statements of each subsidiary of the listed entity Yes https://bansalwire.com/audited-financial-statements-of-subsidiary/
20 Secretarial compliance report Yes https://bansalwire.com/secretarial-compliance-report/
21 Materiality policy as per regulation 30 (4) Yes https://bansalwire.com/wp-content/uploads/2024/07/Policy-on-Determination-and-Disclosure-of-Materiality-of-Events-and-Information.pdf
22 Disclosure of contact details of KMP who are authorized for the purpose of determining materiality as required under regulation 30(5) Yes https://bansalwire.com/wp-content/uploads/2025/05/Disclosure-of-Contact-details-of-Key-Managerial-Personnel.pdf
23 Disclosures under regulation 30(8) Yes https://bansalwire.com/intimation-under-regulation-308/
24 Statements of deviation(s) or variations(s) as specified in regulation 32 Yes https://bansalwire.com/statement-of-deviations-or-variations-as-specified-in-regulation-32/
25 Dividend distribution policy as specified in regulation 43A (1) Yes https://bansalwire.com/wp-content/uploads/2024/09/Dividend-Distribution-Policy.pdf
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://bansalwire.com/annual-return/
26.2 Employee benefit scheme documents framed in terms of SEBI (SBEB) regulations 2021
27 Confirmation that the above disclosures are in a separate section as specified in regulation 46(2) Yes https://bansalwire.com/disclosure-under-regulation-462-of-sebi-lodr/
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes https://bansalwire.com/disclosure-under-regulation-462-of-sebi-lodr/
29 Disclosure of notes on website in terms of Listing Regulations explanatory


Annexure II
II. Annual Affirmations
Sr Particulars Regulation Number Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here.
1 Independent director(s) have been appointed in terms of specified criteria of independence and/or eligibility 16(1)(b) Yes
2 Board Composition 17(1), 17(1A) & 17(1C), 17(1D) & 17(1E) Yes
3 Meeting Of Board Of Directors 17(2) Yes
4 Quorum of board meeting 17(2A) Yes
5 Review of Compliance Reports 17(3) Yes
6 Plans for orderly succession for appointments 17(4) Yes
7 Code of Conduct 17(5) Yes
8 Fees/compensation 17(6) Yes
9 Minimum Information 17(7) Yes
10 Compliance Certificate 17(8) Yes
11 Risk Assessment & Management 17(9) Yes
12 Performance Evaluation of Independent Directors 17(10) Yes
13 Recommendation of Board 17(11) Yes
14 Maximum number of Directorships 17A Yes
15 Composition of Audit Committee 18(1) Yes
16 Meeting of Audit Committee 18(2) Yes
17 Role of Audit Committee and information to be reviewed by the audit committee 18(3) Yes
18 Composition of nomination & remuneration committee 19(1) & (2) Yes
19 Quorum of Nomination and Remuneration Committee meeting 19(2A) Yes
20 Meeting of Nomination and Remuneration Committee 19(3A) Yes
21 Role of Nomination and Remuneration Committee 19(4) Yes
22 Composition of Stakeholder Relationship Committee 20(1), 20(2) & 20(2A) Yes
23 Meeting of Stakeholders Relationship Committee 20(3A) Yes
24 Role of Stakeholders Relationship Committee 20(4) Yes
25 Composition and role of risk management committee 21(1),(2),(3),(4) Yes
26 Meeting of Risk Management Committee 21(3A) Yes
27 Quorum of Risk Management Committee meeting 21(3B) Yes
28 Gap between the meetings of the Risk Management Committee 21(3C) Yes
29 Vigil Mechanism 22 Yes
30 Policy for related party Transaction 23(1), (1A), (5), (6), & (8) Yes
31 Prior or Omnibus approval of Audit Committee for all related party transactions 23(2), (3) Yes
32 Approval for material related party transactions 23(4) Yes
33 Disclosure of related party transactions on consolidated basis 23(9) Yes
34 Composition of Board of Directors of unlisted material Subsidiary 24(1) Yes
35 Other Corporate Governance requirements with respect to subsidiary of listed entity 24(2),(3),(4),(5) & (6) Yes
36 Alternate Director to Independent Director 25(1) Yes
37 Maximum Tenure 25(2) Yes
38 Appointment, Re-appointment or removal of an Independent Director through special resolution or the alternate mechanism 25(2A) Yes
39 Meeting of independent directors 25(3) & (4) Yes
40 Familiarization of independent directors 25(7) Yes
41 Declaration from Independent Director 25(8) & (9) Yes
42 Directors and Officers insurance 25(10) Yes
43 Confirmation with respect to appointment of Independent Directors who resigned from the listed entity 25(11) Yes
44 Memberships in Committees 26(1) Yes
45 Affirmation with compliance to code of conduct from members of Board of Directors and Senior management personnel 26(3) Yes
46 Policy with respect to Obligations of directors and senior management 26(2) & 26(5) Yes
47 Approval of the Board and shareholders for compensation or profit sharing in connection with dealings in the securities of the listed entity 26(6) Yes
48 Vacancies in respect Key Managerial Personnel 26A(1) & 26A(2), 26A(3) Yes
Any other information to be provided - Add Notes



Annexure II
III. Affirmations
Sr Particulars Compliance status (Yes/No/NA)
1 The Listed Entity has approved Material Subsidiary Policy and the Corporate Governance requirements with respect to subsidiary of Listed Entity have been complied Yes
Any other information to be provided



Annexure II
1 Name of signatory Sumit Gupta
2 Designation Company Secretary and Compliance Officer



Additional Half yearly Disclosure
Any Other Information for Disclosure of Loans / Guarantees / Comfort Letters / Securities Etc.
I. Disclosure of Loans/ guarantees/comfort letters /securities etc.refer note below
(A)Any loan or any other form of debt advanced by the listed entity directly or indirectly to
Entity Aggregate amount advanced during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(B) Any guarantee / comfort letter (by whatever name called) provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed By
Entity Type (guarantee, comfort letter etc.) Aggregate amount of issuance during six months Balance outstanding at the end of six months(taking into account any invocation)
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(C) Any security provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed by
Entity Type of security (cash, shares etc.) Aggregate value of security provided during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(D) Additional Information
II. Affirmations
Affirmations Compliance Status Company Remarks
All loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) given directly or indirectly by the listed entity to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them are in the economic interest of the company. $intratedCg.get("CG_YN_$!integratedFillingMasterDto.cgMasterVO.anx4aAffirmComplStatus")
Name
Designation
Place
Date



Signatory Details
Name of signatory Sumit Gupta
Designation of person Company Secretary and Compliance Officer
Place Delhi
Date 28-Apr-2026


Investor Grievance Details
No. of investor complaints pending at the beginning of Quarter 0
No. of investor complaints received during the Quarter 0
No. of investor complaints disposed off during the Quarter 0
No. of investor complaints those remaining unresolved at the end of the Quarter 0


Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies-
The details of acquisition of shares or voting rights in unlisted companies during the quarter in terms of sub-para 1 of para A of Part A of Schedule III are given below
Any Other Information for Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies
Sr. No. Name of the unlisted company in which shares or voting rights have been acquired Date of acquisition Aggregate holding (% shares or voting rights) as at the end of the previous quarter % shares or voting rights acquired during the quarter Aggregate holding (% shares or voting rights) as at the end of the quarter


Disclosure of Imposition of Fine or Penalty
The details of imposition of fine or penalty during the quarter in terms of sub-para 20 of para A of Part A of Schedule III are given below:
Any Other Information for Disclosure of Imposition of Fine or Penalty
Sr. No. Name of the authority Nature and details of the action(s) taken or order(s) passed Date of receipt of direction or order, including any ad interim or interim orders, or any other communication from the authority Details of the violation(s)/ contravention(s) committed or alleged to be committed Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible


Disclosure of Updates to Ongoing Tax Litigations or Disputes
The updates on tax litigations or disputes in terms of sub-para 8 of para B of Part A of Schedule III read with corresponding provisions of Annexure 18 of the Master Circular are given below:

Any Other Information for Disclosure of Updates to Ongoing Tax Litigations or Disputes
Sr. No. Name of the opposing party Date of initiation of the litigation / dispute Status of the litigation / dispute as per last disclosure Current status of the litigation / dispute
1 Income Tax Department 20-Feb-2017 As disclosed in the prospectus, Tax demand of Rs 56.77 million is outstanding towards Bansal Steel & Power Limited (Wholly Owned Subsidiary of Bansal Wire Industries Limited) pertaining to the period prior to its acquisition through CIRP process vide NCLT order dated December 04, 2018. A petition has already been filed with the High Court seeking to quash all dues prior to NCLT order and is hopeful of a favorable outcome and does not expect the said demand order to have any negative impact or create any obligation on the Company, its subsidiary or its promoters in this regard. In writ petition Case No. 6855 High Court already quashed the demand and we are waiting for signed copy of order.
2 Income Tax Department 22-Dec-2019 As disclosed in the Prospectus, Tax demand of Rs 21.37 million along with the interest of Rs 10.68 million is outstanding towards Bansal Steel & Power Limited (Wholly Owned Subsidiary of Bansal Wire Industries Limited) pertaining to the period prior to its acquisition through CIRP process vide NCLT order dated December 04, 2018. A petition has already been filed with the High Court to quash all dues prior to NCLT order and is hopeful of a favorable outcome and does not expect the said demand order to have any negative impact or create any obligation on the Company, its subsidiary or its promoters in this regard. NCLT, Delhi has already pronounced the order dated 04th February 2020 that all statutory demand received Prior to CIRP period and after approval of the Resolution plan which has been implemented to great extent can not be modified. These unfair claimed denied by the adjudicating authority but the Income Tax Department has passed the order dated March 30, 2026, levying a penalty of Rs. 173.27 million under Income Tax Act, 1961 violating the order passed by Adjudicating authority, hence these demand are not sustainable and will be quashed by the high court violating the Article 226 of constitution.Meanwhile the High Court has already given stay order on the demand of panalty.In the same Case No. 6855 High Court already quashed the demand and we are waiting for signed copy of order.
3 Excise and Taxation Commissioner (Appeal) Rohtak, Haryana 20-Feb-2025 The Bansal Steel & Power Limited (WOS) of the Company 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. However the Company has received a rectification demand of Rs. 16,88,804/- on which GST liability has been reduced to NIL and interest has been demanded. There is no update and Case is pending before Delhi High Court
4 Joint Commisioner, SGST, Corporate Circle-I, Ghaziabad Zone-I, GST 25-Jun-2025 Bansal Wire Industries received a Show Cause Notice under Section 74 of the SGST/CGST Act, 2017 for FY 2018–19 regarding e-way bill issues, excess/blocked ITC, and non-payment of tax on RODTEP license sales. The Company received an order dated November 7, 2025, the tax liability was significantly reduced from Rs. 1,26,93,62,711 to Rs. 63,52,999.06 resulting in a reduction in Tax liability for FY 2018-19. The amount of Rs. 63,52,999.06 consists of Tax of Rs. 19,37,343.06 and balance amount is of interest and penalty. The Company has filed an appeal against the said order on January 17, 2026. The Company received an order dated February 09, 2026 against the appeal filed by Company on January 17, 2026, pursuant to which the tax liability has been reduced from Rs. 63,52,999 to Nil. Consequently, no tax, interest, or penalty is payable. Further, the said matter has been closed
5 Joint Commisioner, SGST, Corporate Circle-I, Ghaziabad Zone-I, GST 29-Sep-2025 Bansal Wire Industries received a Show Cause Notice (SCN) from the Joint Commissioner, SGST, Corporate Circle-I, Ghaziabad Zone-I, under Section 74 of the SGST/CGST Act, 2017 for FY 2019–20, pertaining to e-way bill issues, availment of blocked and excess ITC, and non-payment of tax on sale of RODTEP licenses. Pursuant to the order dated November 15, 2025, the tax authority revised the liability, reducing the amount payable from Rs. 45,09,03,552 to Rs. 69,38,979. The Company has filed an appeal against the said order on February 03, 2026 The Company received an order dated February 18, 2026, against the appeal filed by the Company on February 03, 2026, pursuant to which the tax liability has been reduced from Rs. 69,38,980 to Nil. Consequently, no tax, interest, or penalty is payable. Further, the said matter has been closed.
6 Joint Commissioner, SGST, Corporate Circle, Ghaziabad (A) Uttar Pradesh 04-Nov-2025 The Company received a Show Cause Notice (SCN) under Section 74 of the SGST/CGST Act, 2017 for FY 2021–22, pertaining to e-way bill issues, availment of blocked and excess ITC, and non-payment of tax on sale of RODTEP licenses. The Company believes that the tax, interest, and penalty as alleged should not be levied. Pursuant to the order dated December 5, 2025, the tax authority revised the liability, reducing the demand from Rs. 99,61,62,919 to Rs. 92,90,111. The Company has filed an appeal against the said order on February 14, 2026 The Company received an order dated March 09, 2026 against the said appeal filed on February 14, 2026, pursuant to which the tax liability has been reduced from Rs. 92,90,111 to Nil. Consequently, no tax, interest, or penalty is payable. Further, the said matter has been closed.
7 Joint Commissioner, SGST, Corporate Circle-I, Ghaziabad Zone-I, Uttar Pradesh 01-Dec-2025 The Company received a Show Cause Notice (SCN) under Section 74 of the SGST/CGST Act, 2017 for FY 2020–21, pertaining to e-way bill issues, availment of blocked and excess ITC, and non-payment of tax on sale of RODTEP licenses. Pursuant to the order dated December 8, 2025, the tax authority revised the liability, reducing the demand from Rs. 2,02,77,39,778 to Rs. 1,01,31,786. The Company has filed the appeal on February 06, 2026 against the said order. The Company received an order dated February 18, 2026 against the said appeal filed by the Company on February 06, 2026, pursuant to which the tax liability has been reduced from Rs. 1,01,31,786 to Nil. Consequently, no tax, interest, or penalty is payable. Further, the said matter has been closed.
8 Joint Commissioner, SGST, Corporate Circle-I, Ghaziabad Zone-I, Uttar Pradesh 10-Dec-2025 The Company received a Show Cause Notice (SCN) under Section 74 of the SGST/CGST Act, 2017 for FY 2022–23, pertaining to e-way bill issues, availment of blocked and excess ITC, and non-payment of tax on sale of RODTEP licenses. Pursuant to the order dated December 15, 2025, the tax authority revised the liability, reducing the demand from Rs. 9,88,42,664 to Rs. 82,75,849. The Company has filed appeal against the said order on February 14, 2026 The Company received an order dated March 05, 2026 against the said appeal filed by Company on February 14, 2026, pursuant to which the tax liability has been reduced from Rs. 82,75,848 to Nil. Consequently, no tax, interest, or penalty is payable. Further, the said matter has been closed.
9 Joint Commissioner, SGST, Corporate Circle-I, Ghaziabad Zone-I 21-Dec-2025 On December 21, 2025, Company has received a Show Cause Notice (‘SCN’), issued by Joint Commissioner, SGST, Corporate Circle-I, Ghaziabad Zone-I, Uttar Pradesh. The SCN is issued under Section 74 of SGST/ CGST Act, 2017 pertaining to FY-23-24 in connection with issues involving, availment of blocked and excess ITC, non-payment of tax on sale of RODTEP license. Pursuant to the order dated January 08, 2026, the tax authority revised the liability, reducing the demand from Rs.6,69,72,462/- to Rs. 39,87,711/- The Company has filed appeal against the said order as on March 16, 2026. There is no update and Case is pending before Appellate Authority.