Legal9 Oct 2026, 06:06 pm
Lokesh Machines Receives EPFO Order for ₹1.15 Cr Dues
AI Summary
Lokesh Machines Ltd has received an order copy from the Employees' Provident Fund Organisation (EPFO), Pune, demanding outstanding dues of ₹1,15,69,852/-. The dues relate to PF contributions for employees, NEEM trainees, and other trainees between October 2010 and January 2018. The company, based on its assessment and legal advice, believes it has a strong case and does not foresee any material financial or operational impact. Appropriate legal remedies are being evaluated.
Key Highlights
- EPFO has ordered Lokesh Machines to pay ₹1.15 Cr in dues.
- Dues are related to PF contributions from Oct 2010 to Jan 2018.
- Company believes it has a strong legal case.
- No material financial or operational impact anticipated.
- Legal remedies are under evaluation.
Price Impact
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