Please find enclosed herewith the disclosure required as per Regulation 30 of SEBI (LODR) Regulations, 2015.
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Awaiting price reaction for this filing.
Star Delta Transformers has received an order from the Employees' State Insurance Corporation (ESIC) directing the company to pay ₹28,03,536 towards the capitalized value of a dependent benefit owed to the family of a deceased employee, Late Shri Chand Khan. ESIC alleges the company failed to register the employee in time and obtain his insurance number, violating Section 38 of the ESI Act and Regulation 12 of the ESI (General) Regulations, 1950. The order, dated 1 October 2025, was received by the company via email on 15 October 2025. The company has stated it plans to file an appeal against the order, so the final financial impact is not yet determined.
The ₹28 lakh recovery is small relative to the company's size and the company is contesting it, so immediate impact on operations or share price is limited. However, if the appeal fails, this could become a recurring compliance cost and signal weaknesses in HR/regulatory processes.