Star Delta Transformers Ltd — Important, 16-10-2025: Company Update
16-10-2025 | 04:46 pm
16-10-2025 | 04:46 pm
Star Delta Transformers has received an order from the Employees' State Insurance Corporation (ESIC) to recover ₹ 0.28 Cr. This order pertains to the capitalized value of dependent benefits for a former employee who passed away. ESIC alleges the company did not obtain necessary employee details or timely registration for insurance. The company plans to appeal this order. While the financial impact is currently uncertain and subject to the appeal's outcome, it represents a potential liability that the company is actively contesting.
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