Announced Fri, 26 Jun · 15:35 IST
EPFO Hyderabad imposes Rs 2.94 lakh surcharge on Sundrop Brands
Regulatory & Legal View source PDF
SUNDROP · price
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Price reaction · full curve 14 horizons · vs prior close
-4.8%1-day move
₹669.95
prior close
₹661.75
base price
After-mkt
timing
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—+0.5——-4.8-3.0-3.8-4.7-4.0-5.5-5.4———
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AI summary
EPFO's Hyderabad office levied a surcharge of about Rs 2.94 lakh on Sundrop Brands for minor inadvertent deviations from the prescribed investment pattern by the company's PF Trust (Agro Tech Foods Provident Fund) for FY 2023-24. The company sought a waiver which was rejected on 24 June 2026, received on 25 June. It has been asked to remit the amount within 7 days. The company says there will be no material impact on operations or other activities.
Likely market impact
Minor regulatory penalty of about Rs 2.94 lakh for PF investment pattern deviations. No material operational or financial impact expected.