Lokesh Machines receives EPFO order for ₹1.16 crore PF dues
- Lokesh Machines Ltd received an EPFO order for ₹1.16 crore in outstanding PF dues
- The demand covers contribution differences for employees and trainees from Oct 2010 to Jan 2018
- Company asserts a strong legal case and anticipates no material financial or operational impact
- Disclosure made to BSE and NSE under Regulation 30 of SEBI LODR Regulations
*this image is generated using AI for illustrative purposes only.
Lokesh Machines Limited received an order from the Employees' Provident Fund Organisation (EPFO), Pune, demanding ₹1.16 crore in outstanding provident fund contributions. The demand covers a period spanning October 2010 to January 2018.
The company disclosed this development to stock exchanges on October 9, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was issued under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952.
Nature of the demand
The EPFO Regional Office in Pune cited a difference in PF contributions related to employees, NEEM trainees, and other trainees. The specific period for the alleged shortfall is between October 2010 and January 2018.
| Particular | Details |
|---|---|
| Authority | EPFO, Regional Office, Pune |
| Demand Amount | ₹1,15,69,852 |
| Period Covered | October 2010 to January 2018 |
| Date of Receipt | October 9, 2026 |
Company response and impact assessment
Lokesh Machines stated that the demand is financial in nature. Based on internal assessments and legal advice, the company believes it has a strong case on merits. Consequently, management does not foresee any material financial or operational impact from this order.
The company indicated that appropriate legal remedies are currently being evaluated to address the discrepancy claimed by the statutory body.
What the numbers show
The total demand of ₹1.16 crore is spread over an eight-year window (October 2010 to January 2018). This implies an average annual exposure of approximately ₹14.5 lakh per year during the disputed period. Given that the company reports no material impact on current operations, the figure likely represents a historical compliance gap rather than a current liquidity strain.
Historical Stock Returns for Lokesh Machines
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.80% | +15.61% | +29.84% | +109.36% | +138.10% | 0.0% |
Will the EPFO initiate parallel audits for Lokesh Machines' other regional units or subsidiaries regarding similar historical compliance gaps?
How might this regulatory scrutiny influence Lokesh Machines' capital allocation strategy, particularly if legal provisions need to be increased in upcoming quarters?
Could this case set a precedent for stricter retroactive PF enforcement on other mid-cap manufacturing firms with complex trainee labor structures?
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