Expleo Solutions Limited Confirms Receipt of Funds from Employees Provident Fund Organisation
Expleo Solutions Limited has confirmed the receipt of a payment from the Employees Provident Fund Organisation (EPFO), Regional Office, Chennai, related to historical contribution arrears. The communication was received on May 25, 2026.The payment confirms the settlement of amounts due against a Prohibitory order issued under reference number TN/RO/CHM/South/49417/Recovery/Div-20 /CP3/2026, dated May 12, 2026.
The recovered amount, received through the company’s banks, totals INR 55,59,710/- (Rupees Fifty-five lacs fifty-nine thousand seven hundred and ten only).
Details of Arrears and Settlement
The recovery relates to the remittance of contribution and administrative charges payable under Section 6, GA (2a) and 6C (2)/6C (4a) of the Act read with Para 38 (1) of EPF Scheme 1952, Para 3 of EPS 1995 and Para 8(1) of EDU Scheme, 1976. The arrears cover the period from April 1, 1996, to March 31, 2010.The details of the recovery order and the payments are presented below:
| Detail | Description |
|---|---|
| Authority | Employees Provident Fund Organisation |
| Order Reference | TN/RO/CHM/South/49417/Recovery/Div-20 /CP3/2026 |
| Order Date | May 12, 2026 |
| Payment Confirmation Date | May 25, 2026 |
| Payment Amount | INR 55,59,710/- |
| Payment For | Arrears and contributions for 01/04/1996 to 31/03/2010 |
Impact Assessment
The payment process originally involved an initial quantification of Damages of Rs. 55,59,710/- (Rupees Fifty-five lacs fifty-nine thousand seven hundred and ten only), along with interest, which was initially subject to contest by the Company.Expleo Solutions Limited stated that despite the initial figure, the payment does not have a major impact on the company's financial operation.
EXPLEOSOL Stock Price Movement
Today, Expleo Solutions Limited shares slipped by 1.08% to settle at ₹898.9. The stock traded on a volume of 24,619 shares, finishing the day below its range of ₹891.45 to ₹919.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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