Tech Mahindra gets Rs 1,287 Cr PF order from EPFO; plans to appeal

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

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.8%+1.3% vs market

Computers - Software & Consulting peers, median of 67sector+1.0%+1.1% vs sector

On the reaction day the stock moved 1.3 pts more than Nifty 100 and 1.1 pts more than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Tech Mahindra received an order from Regional PF Commissioner-I, Pune-I under Section 7A of EPF Act directing it to remit Rs 1,287.44 Crores (Rs 566.78 Cr contribution plus Rs 720.66 Cr interest) for May 2014 to March 2016. Demand relates to alleged non-remittance of PF for certain domestic employees and those deputed in non-SSA foreign countries. Company plans to appeal, expects favorable outcome, says no material financial impact. Amount already part of contingent liabilities.

Likely market impact

Rs 1,287 Cr PF demand. Company will appeal, expects no material impact. Amount is already part of contingent liabilities.