EPFO Pune orders Lokesh Machines to pay Rs 1.16 crore in PF dues

Regulatory & Legal View source PDF Explain this filing

LOKESHMACH · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+2.7%Reaction day

₹451.00

prior close

₹459.80

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%+1.8% vs market

On the reaction day the stock moved 1.8 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.7

10m

+0.2

15m

+1.8

30m

+0.9

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+2.7+0.8+1.8

Next day

+0.7+1.0-0.4

-1.4+1.7-3.1

-3.8+0.1-3.8

-5.1+0.8-5.9

-13.5-0.9-12.6

-19.9-4.5-15.4

15d

———

UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Lokesh Machines received an order from EPFO Pune demanding about Rs 1.15 crore in outstanding PF contributions for employees, NEEM trainees, and other trainees for the period October 2010 to January 2018. The company says it has a strong case on merits based on legal advice, does not foresee any material financial or operational impact, and is evaluating legal remedies.

Likely market impact

Demand of Rs 1.15 crore in PF dues; company disputes and sees no material impact, but legal outcome remains uncertain.