Compucom Software Limited has informed the Exchange about Action(s) taken or orders passed
COMPUSOFT · price
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Compucom Software Limited has received an order from the Employees Provident Fund Organization (EPFO) under Section 7A of the EPF Act, 1952. The order determines outstanding PF dues of ₹64,41,097 for the period August 2008 to October 2012, relating to contractual employees engaged at Jaipur Vidyut Vitran Nigam Limited (JVVNL) in Jaipur and Kota. The amount is also subject to interest under Section 7Q and damages under Section 14B for delayed remittances. The company states the financial impact is limited to ₹64.41 lakhs and there is no material impact on operations. The company plans to comply by depositing the applicable amount within prescribed timelines while reserving its right to contest the order.
Minor financial liability for shareholders — a one-time PF payment of around ₹64.41 lakhs plus interest and penalties, which the company itself describes as not materially impacting operations. Unlikely to cause significant movement in the stock price.