Disclosure under Regulation 30 read with part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Forbes & Company Limited received an order dated September 9, 2025, from the Regional PF Commissioner in Mumbai (EPFO) directing it to pay Rs. 49,62,548 as damages under Section 14B of the Employees Provident Fund and Miscellaneous Provisions Act, 1952. The order relates to delays in remitting PF, pension, administrative, and EDLI contributions for the period November 1995 to September 2003, pertaining to the company's erstwhile PATVOLK division. The company is preparing to file an appeal against the order, stating it has a tenable case. Management believes this will not have any material impact on the company's financial position, operations, or other activities.
For shareholders, this is a minor regulatory penalty of about Rs. 49.6 lakh related to a historical compliance issue from a division that no longer exists. Since the company is appealing and expects no material financial impact, the effect on stock price or shareholder value is likely to be negligible.