Expleo Solutions Limited has informed the Exchange about Action(s) taken or orders passed
EXPLEOSOL · price
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Expleo Solutions Limited received a letter from the Employees Provident Fund Organisation (EPFO), Chennai confirming that the company paid INR 55,59,710 (approximately Rs 55.6 lakh) to resolve a prohibitory order. The order was originally issued on May 12, 2026 due to alleged non-remittance of EPF contributions and administrative charges for the period April 1996 to March 2010. The EPFO Recovery Officer confirmed receipt of payment on May 25, 2026, leading to revocation of the prohibitory order that had frozen the company's bank accounts. The company states it may contest the matter after detailed review but does not expect major impact on financial operations.
The matter is now resolved with payment made and the prohibitory order revoked, minimizing negative impact on shareholders. The underlying EPF compliance issue from 1996-2010 remains a historical concern that the company may choose to contest further.