NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company3d ago · 28 Oct 2026, 05:11 pm

Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Accelya Solutions India Limited · ACCELYA

✦ AI Summary▼ NegativeLitigation

Accelya Solutions India Limited has informed the Exchange about the pendency of litigation(s)/dispute(s) or the outcome impacting the Company. The order arises out of the inquiry initiated by EPFO in 2014, relating to the treatment of various reimbursements such as additional medical, conveyance, interest on the amount if above the limit, allowance, as a part of basic pay for the purpose of calculating employee provident fund coverage along with administrative charges for voluntary PF contributions etc. The order directs the Company to deposit INR 2,72,50,894/- within 60 days from the receipt of this order and the paid challans to be produced in support thereof before the authority thereafter.

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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern8/10
Regulatory Risk9/10
Balance Sheet Risk6/10
Liquidity Impact3/10
Market Sentiment2/10

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Accelya Solutions India Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

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ACCELYA_28102026170859_Stock_Exchange_Intimation_Order_from_Regional_PF_Commissioner_-_II.pdf

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Accelya Solutions India Limited Regd. Office: 5th & 6th Floor, Building No.4, Raheja Woods, River Side 25A, West Avenue, Kalyani Nagar, Pune – 411006, India CIN: L74140PN1986PLC041033 T: +91 20 6608 3777 Email: accelyaindia.investors@accelya.com Website: w3.accelya.com/investors 28 October 2026 The Manager, Deputy General Manager, Listing Department, Corporate Relationship Department, National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Plot No. C-1/ G Block, Dalal Street Fort, Bandra- Kurla Complex, Mumbai – 400 001 Bandra (East) Mumbai – 400 051 Scrip Code: ACCELYA Scrip Code: 532268 Dear Sir / Madam, Sub: Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Please find below the details of the order given by Regional P. F. Commissioner – II which was received by the Company by email on 27 October 2026 at 5.34 p.m. in respect of proceedings initiated through Summons No. MH/PF/PN/COMP/50201/PUPUN003008500A/277 issued under section 7A of Employees' Provident Fund and Miscellaneous Provisions Act, 1952 which falls within the purview of Regulation 30 read with Schedule III Part B of SEBI Listing Regulations. The order is dated 31 August 2026. Name of the Name(s) of Court / Brief details of dispute / Expected Quantum Period Statute the opposing Tribunal / litigation financial of claims, if party Agency where implications, if any (Rs. in court / litigation is any, due to Lakhs) tribunal / filed compensation, agency where penalty etc. (Rs. litigation is in Lakhs) filed Employees Enforcement Regional i) The Order arises out of the 1.Order amount : 272.51 September Provident Fund Officer, Provident enquiry initiated by EPFO 272.51 2014 to and Regional Fund under section 7A of the March 2019 Miscellaneous Office, Commissioner EPFMP Act 1951., relating to 2.We may be Provisions Act Employees – II / treatment of various subject to 1952 (“EPF & Provident Adjudicating reimbursements such as additional MP Act 1952”) Fund Authority, medical, conveyance, interest on the Organisation Regional Children education above amount if Office, Pune – I allowance, as a part of basic and to the extent pay for the purpose of determined by calculating employee the EPFO in a provident fund coverage sperate inquiry along with administrative under Section charges for voluntary PF 14B and 7 Q of contributions etc. the Act.” ii) The order relates to total outstanding dues for the inquiry period from September 2014 to 3. Based on the March 2019 Company’s assessment, the iii) The order directs us to said order is not deposit INR 2,72,50,894/- expected to have (Rupees two crores seventy any material two lakhs fifty thousand financial impact eight hundred and ninety on the Company. four only) accessed for the period September 2014 to March 2019 in the respective accounts, within 60 days from the receipt of this order and the paid challans to be produced in support thereof before the authority thereafter. Name of the Name(s) of Court / Brief details of dispute / Expected Quantum Period Statute the opposing Tribunal / litigation financial of claims, if party Agency where implications, if any (Rs. in court / litigation is any, due to Lakhs) tribunal / filed compensation, agency where penalty etc. (Rs. litigation is in Lakhs) filed iv) The order also directs the PF department to initiate separate inquiry under section 14B & 7Q of the Act for belated payment and interest after receipt of the outstanding dues assessed under section 7A, of the Act. v) The Company had furnished supporting records and submissions and is of the view that these have not been duly considered in the order. The Company reserves its right to file an appeal against the aforesaid Order as may be advised by our lawyers. We request you to kindly take the above on record. Thanking you, Yours faithfully, For Accelya Solutions India Limited Ninad Umranikar Company Secretary Membership No: ACS 14201 BEFORE 1'IIE RTiGIONAL PROVIDENT FUND COMMISSIONER-II. PUNE (CANTT) Diarv No: 26412025 Period: September 2014 to March 20 I 9 In the matter ofploceedings u/s 7A of the Employees' Provident Fund and Miscellaneous Provisions Act. I 952 between: Employees' Provident Iund Organisation (Through Enforcement Olfi cer) [Represented b-v: Shri Sagal Shelke. Srnt. Kurnudini Bhosale" Smt Deepali Shirish 'l'ilwankar and Smt. Vrushali Khollarn. Bnlirrcement Officers] Versus M/s Accelya Solutions India Limited [PU/PUN/30085/A] [Represented by: Shri Jasplit Singh, Manager (HR), Shri Hence Dabre, Shri Rupesh D Sanghvi, Adv. and Shri Amey Nalgolkar, Authorised Representatives] ORDER By this order proceedings initiated through Surnmons No. MH/PF/PN/COMP/50201['UPUN003008500A1217 dated 17.10.2025 issued under section 7A of Employees' Provident Fund and Miscellaneous Provisions Act, 1952 (hereinafier refen'ed to as the Act) in respect of M/s Accelya Solutions India Limited, 5 and 6 Floor, Building No.4, Rahej a Woods, River Side,25A, West Avenue, Kalyani Nagar, Pune - 4l I006 (hclcinafter refemed to as the establishment) are being disposed o1'. 2. Brief facts that lead to this case are as follows. The respondent herein is an establishment covered under section 1(3)(b) of the EPF & MP Act, 1952 with effect from 01.04.1987 undcr scheduled head "Expert Services" and has been allotted a distinctive identity through code nrrmber PU/PL-1N/30085/:\ lbr the purpose of idcntification and facilitation of compliances. The respondent, thcrefore, is mandated by law to rernit Page 1of 15 [PU/PUN/30085/A (7A ORDER]I provident fund contributions of its employees, on or before 15th of preceding month of salary, in terms o1'1he provisions of the Act and its subordinate legislations. The departrnent has analysed the temittance made by the establishment for the month olAugust and September 2014.1'he wage ceiling has been revised in the month of Sep 2014 from Rs. 6500/- to Rs. 15,0001. however, during the analysis it was noticcd that the same has not appeared to be maintained by the establishment. Accordingly, the department has initiated an inquiry under section 7,{ of the Act for determination of dues for the period in question and summons dated 17.10.2025 issued to the establishment. This was the basis for initiation of this instant inquiry. 4. During the course of the proceedings, the respondent has submitted following records / documents for examination: - (i) Audited Balance Sheet for the inquiry period 1ii) Salarl' sLatcrnent for the inquiry pcriod lrom Sep 2014 to Mar 2019 in soit copy (iii) Uploaded copy of Form-5A and digital signature (iv) Copies oIECR and challans for the inquiry period in soft copy (v) Attested copies of 142 Folm-11 along with 121 copies of Aadhar. (vi) Form-5A and digital signature (vii) Cancelled cheque in respect of SBI, Pune Mumbai Road (viii) Letter dated 25.11.2025 for clarification regarding International Worker 5. 'l'he recolcls subn.ritted by the respondenl were directed to be examined by thc squad of Enlbrcement OIficers of the depaftment. The squad of Enforcement Officers, through its reporl dated 24.02.2026 has rnade following observations: The respondent establishment has bifurcated the gross salary into various colrponents which is as many as twenty seven components. The details of these components / allowances bifurcated by the respondent is already a Pase 2 of 1s [PU/PUN/30085/A (7A oRDER)] part of the report dated 24.02.2026 which was sent to the respondent establishrnent. (ii) The basic contention of the squad of the department is that the establishment has deducted PF contribution on basic and basic arrears irrespective of statutory wage ceiling. The PF contribution deducted is below the statutory wage ceiling ofRs. 1500i-. Further, it is noticed by the squad that "Conveyance". "Medical Reimbursement" and "Education Allowance" is paid universally t [Showing first 8,000 characters — download PDF for full document]