Expleo Solutions Limited Receives Prohibitory Order from Employees Provident Fund Organisation
Expleo Solutions Limited has confirmed receiving a prohibitory order and notice from the Employees Provident Fund Organisation regarding outstanding arrears. The action relates to contributions and administrative charges payable for a specific historical period.The notice, received by the company, pertains to the remittance of contribution and administrative charges that were 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. This period covers the years 01/04/1996 to 31/03/2010.
The Employees Provident Fund Organisation issued a prohibitory order dated 12th May 2026, which was received on 18th May 2026. This order mandates the payment of arrears concerning certificate No. RRC No. 80/TNMAS0049417000 dated 10th April 2026.
The details of the order and violation are summarized below:
| Particulars | Detail |
|---|---|
| Authority Issuing Notice | Employees Provident Fund Organization |
| Nature of Action | Prohibitory Order (regarding property consisting of debts not secured by negotiable instruments) |
| Date of Order Received | May 18, 2026 |
| Violation Period | 01/04/1996 to 31/03/2010 |
| Amount Directed/Frozen | INR 55,59,710/- (Rupees Fifty Five Lacs Fifty Nine Thousand Seven Hundred and Ten Only) |
The authority's order involves freezing the company's bank account amounting to INR 55,59,710/-. The associated financial impact includes damages of Rs. 55,59,710/- along with interest levied by the authority. The company noted that this financial impact is subject to contest by Expleo Solutions Limited, but assessed that the overall effect does not pose a major impact on the company's financial operation.
EXPLEOSOL Stock Price Movement
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