Expleo solutions Limited has announced the successful resolution of a tax dispute through the Vivad Se Vishwas Scheme 2024, receiving immunity against disputed tax obligations for Assessment Year 2012-13. The company disclosed this development to stock exchanges as part of its regulatory compliance obligations.

Tax Settlement Details

The Principal Commissioner of Income Tax 1, Chennai, issued an order dated March 20, 2026, which the company received on March 24, 2026. Under this settlement, Expleo Solutions has been granted complete immunity against disputed tax amounting to INR 49,59,847 without any payment requirement.

Background of Tax Dispute

The original tax dispute for Assessment Year 2012-13 arose from the disallowance of certain professional expenses due to non-deduction of Tax Deducted at Source (TDS). This resulted in additional tax liability that the company had been contesting.

The resolution came through Form 4, Order for Full and Final Settlement of Tax Arrear under Section 92(2) read with Section 93 of Finance (No 2) Act, 2024, under the Vivad Se Vishwas Scheme 2024.

Financial Impact Assessment

Expleo Solutions has clarified that this tax settlement will have no material impact on the company's financial position, operations, or other business activities. The immunity granted under the scheme effectively closes this long-standing tax matter without any financial outflow.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Clause 20 of Para A of Schedule III of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company provided comprehensive details as required under SEBI circulars dated July 13, 2023, and December 31, 2024, ensuring full transparency with stakeholders regarding this regulatory development.

Expleo Solutions Limited has informed stock exchanges about receiving a notice from the Employees Provident Fund Organisation (EPFO) for proceedings under Section 14B of the EPF Act covering a historical period from 1996 to 2010. The company made this disclosure under Regulation 30 of SEBI Listing Regulations on February 11, 2026.

EPFO Notice Details

The Regional Provident Fund Commissioner-II has initiated proceedings against Expleo Solutions Limited under Section 14B of the Employees' Provident Funds & Miscellaneous Provisions Act, 1952. The proceedings relate to the company's operations under PF code number TN/49417 during the period from April 1, 1996, to March 31, 2010.

Alleged Violations and Financial Impact

The EPFO has alleged violations related to the remittance of contributions and administrative charges payable under various sections of the EPF Act. The specific violations pertain to non-compliance with Section 6, GA (2a) and 6C (2)/6C (4a) of the Act, read with relevant paragraphs of associated schemes.

Company's Response and Impact Assessment

Expleo Solutions has indicated that the damages are subject to contest by the company, suggesting it plans to challenge the EPFO's allegations and the quantum of penalties imposed. The company has assessed that this matter does not have a major impact on its financial operations.

The violations alleged by EPFO include:

• Non-remittance of contributions within due dates under EPF Scheme 1952
• Non-compliance with EPS 1995 requirements
• Violations under EDU Scheme 1976
• Administrative charges not paid as per prescribed timelines

Regulatory Compliance

The disclosure was made in compliance with SEBI Circular no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024. The company secretary S. Sampath Kumar signed the disclosure document, ensuring adherence to regulatory requirements for material event disclosures.