Route Mobile Limited Subsidiary Receives EPFO Penalty Orders Pertaining to Pre-Acquisition Period
Route Mobile Limited has reported receiving penalty orders concerning its wholly owned subsidiary, Send Clean Private Limited. These orders, issued by the Employees Provident Fund Organisation (EPFO), relate to alleged defaults concerning Provident Fund (PF) contributions for a period prior to Route Mobile Limited’s acquisition of the subsidiary.The orders were passed by the Regional PF Commissioner II, RPFC Bandra, detailing two composite orders dated December 31, 2025, under Sections 14B and 7Q of the EPF&MP Act, 1952. The total combined penalty amount amounted to ₹28,15,775.
According to the company, the allegations center on the delayed remittance of PF contributions by the erstwhile employer during the period before September 2016.
The specific details of the penalty orders and their status are presented below:
| Authority | Nature of Order | Allegation/Period | Total Amount (₹) | Status |
|---|---|---|---|---|
| Employees Provident Fund Organisation | Two composite orders (14B & 7Q) | Delayed PF remittance by erstwhile employer (pre-Sept 2016) | 28,15,775 | Appeals filed; CGIT stayed recovery (26-03-2026) subject to deposit of ₹1,00,000/- each. Next hearing: 13-08-2026 |
Route Mobile Limited clarified that the mandates relate to PF defaults pertaining to the period prior to the Company acquiring Send Clean Private Limited in September 2016 and pertain solely to the erstwhile employer/previous owner.
The orders have been stayed by the CGIT vide orders dated March 26, 2026 (Appeal Nos. CGIT-1/EPFA/17/2026 & CGIT-1/EPFA/10/2026). Due to these stay orders, the company noted that no financial provision has been made, and no material adverse financial impact is expected from the penalties.
ROUTE Stock Price Movement
Shares of ROUTE MOBILE LIMITED today slipped by 0.28% to settle at ₹530, following intraday selling pressure. The stock saw 230,300 shares traded during the session.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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