Sundram Fasteners Limited — Others, 12-08-2025: Action(s) taken or orders passed
12-08-2025 | 12:42 pm
12-08-2025 | 12:42 pm
Sundram Fasteners Limited has received an order from the Regional PF Commissioner-I, Employee Provident Fund Organization (EPFO). This order imposes a penalty of Rs. 0.69 Cr under the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952, for the period April 2016 to March 2024. The company's management expresses confidence that this will not have a material financial impact. Sundram Fasteners is currently evaluating its further course of action. This update is important for shareholders as it details a compliance matter and its potential financial implications.
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