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Finolex Cables Limited is a leading manufacturer of electrical and telecommunication cables in India. Operating for more than 50 years, Finolex has been able to maintain its leadership position as one of the most diversified wires and cables companies in the country.
Finolex Cables' Q1 revenue jumped 44% to Rs. 2013.2 Cr, profit after tax soared 59% to Rs. 221.3 Cr. Strong growth in Electrical & Communication Cables. Copper rod plant halted due to Mideast fuel shortages. Fiber facility expansion on track for Q3 capacity.
Finolex Cables' Board has **proposed** a dividend of Rs 8 per equity share (400%) for FY25, pending shareholder approval at the upcoming AGM. This dividend will be subject to tax deduction at source (TDS). Shareholders are urged to update their PAN and other essential details with KFin Technologies by August...
Finolex Cables faces new tax demands totaling Rs 0.48 crore from authorities. These demands arise from alleged excess Input Tax Credit claims, specifically due to mismatches identified on the GST portal. The company has stated that this financial impact is not substantial for its operations. Importantly, Finolex Cables can appeal...
Finolex Cables has urged shareholders holding physical shares to urgently submit PAN, KYC details, bank info, and nomination forms to continue receiving dividends and other payments electronically from April 2024. Failure to update PAN and link it with Aadhaar may result in higher TDS on dividends. The company highlights that...
Finolex Cables has announced a board meeting to approve the appointment of M/s. Jog Limaye & Associates as Secretarial Auditors for five years starting FY 2025-26, pending shareholder approval. The firm brings strong expertise in corporate law and compliance. No financial impact is expected.