Expleo Solutions Limited has informed the Exchange about Action(s) taken or orders passed
EXPLEOSOL · price
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Expleo Solutions received a prohibitory order from the Employees Provident Fund Organisation (EPFO), Chennai, dated 12 May 2026. The order relates to alleged non-remittance of EPF contributions and administrative charges for the period April 1996 to March 2010. The EPFO has frozen the company's bank account to recover INR 55,59,710 (approximately 55.6 Lakhs) in arrears determined under sections 14B and 7Q of the EPF Act. The company states it will contest this order and does not expect it to have a major impact on its financial operations.
The EPFO order requires the company to pay INR 55.6 Lakhs in PF arrears by freezing the equivalent amount in its bank account. Since the company intends to contest the order, the financial impact may be provisional unless resolved.