Tax & Penalty26 May 2026, 04:05 pm
Expleo Solutions: ₹55.59 Lakhs Penalty Paid to EPFO
AI Summary
Expleo Solutions Ltd disclosed that it has remitted ₹55.59 lakhs to the Employees Provident Fund Organisation (EPFO), Chennai, against a prohibitory order. The payment, made against order TN/RO/CHM/South/49417/Recovery/Div-20/CP3/2026 dated May 12, 2026, settles dues related to contribution and administrative charges for the period 01/04/1996 to 31/03/2010. While the company has paid the amount, it reserves the right to contest the penalty after a detailed review, but does not anticipate a major impact on its financial operations.
Key Highlights
- Expleo Solutions paid ₹55.59 lakhs to EPFO Chennai to revoke a prohibitory order.
- The payment settles dues related to contribution and administrative charges from 1996-2010.
- The company received confirmation of payment from the Recovery Officer on May 25, 2026.
- Expleo Solutions reserves the right to contest the penalty after review.
- The company anticipates no major impact on financial operations.
Price Impact
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