Sundram Fasteners Limited has informed the Exchange about Action(s) taken or orders passed
SUNDRMFAST · price
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Sundram Fasteners has received an order dated August 11, 2025, from the Regional PF Commissioner-I, EPFO, under Section 14B of the Employees' Provident Fund and Miscellaneous Provisions Act, 1952. The order imposes a penalty of Rs. 68,82,214 related to the period from April 1, 2016 to March 31, 2024, concerning contributions under Sections 6, 6A and 6C of the Act. The order was sent via Speed Post. The company has stated that the management believes there is no material financial impact and is evaluating its further course of action. The filing was made under Regulation 30 of the SEBI Listing Regulations via Form A.
The penalty amount of Rs. 68.82 lakhs is small relative to the size of the company and management has stated there is no material financial impact. However, if the order is upheld after further review, it could lead to a modest one-time expense. Near-term stock impact is likely to be limited.