Disclosure under Regulation 30 read with Clause 20 para A of Part A of Schedule III of SEBI (LODR) Regulations, 2015
EXPLEOSOL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Expleo Solutions Ltd has disclosed a recovery action by the Employees Provident Fund Organisation (EPFO), Chennai regarding unpaid EPF contributions from April 1996 to March 2010. A prohibitory order was issued on May 12, 2026, freezing the company's bank account by INR 55,59,710. The company paid this amount, and EPFO confirmed receipt on May 25, 2026, revoking the prohibitory order. The company states the payment is subject to contest after detailed review but does not expect major impact on financial operations.
The settlement resolves a historical EPF compliance issue spanning 14 years. While the company downplays the impact at ~Rs. 55.6 lakhs, it reflects past contribution defaults that could raise questions about historical HR compliance practices.