Disclosure under Regulation 30 read with Clause 20 Para A of Part A of Schedule II of the SEBI (LODR) Regulation 2015.
EXPLEOSOL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Expleo Solutions Ltd received a notice from Employees Provident Fund Organisation (EPFO), Chennai regarding non-remittance of PF contributions and administrative charges for the period April 1996 to March 2010. EPFO has issued a prohibitory order dated May 12, 2026, directing the company to pay arrears of Rs. 55,59,710 by freezing its bank account for that amount. The notice pertains to violations under EPF Act provisions and related schemes. The company states this matter is subject to contest and reportedly does not have major impact on its financial operations.
The prohibitory order freezing Rs. 55.6 lakhs is a regulatory compliance issue stemming from historical PF remittance failures spanning 14 years. While the company plans to contest the order and believes the impact is not material, it represents a contingent liability and highlights potential past compliance gaps.