Accelya Solutions India faces ₹2.73 crore provident fund dues order

The order in numbers

How the ₹2.73 crore is built up

The order holds Accelya Solutions India in default of ₹2,72,50,894 under section 7A of the Employees' Provident Fund and Miscellaneous Provisions Act, 1952. The proceedings were initiated through a Summons dated 17 Oct 2025, and the order was issued on 31 Aug 2026.

Dues on allowances make up most of the amount at ₹2,50,32,628, about 92% of the total. The order treats conveyance, medical and education allowances as part of basic pay, which the company disputed. Dues of ₹20,20,122 on 21 employees, for whom Aadhar copies were not submitted, and administrative charges of ₹1,98,144 on voluntary provident fund contributions make up the rest with the component of the order that the company contested.

The order also records a separate figure of ₹2,76,56,099 for short remittance, on which it directs only reconciliation and calculates no dues. The department's interest calculation of ₹3,16,02,858 under section 7Q is not accepted, and the order directs a separate inquiry under sections 14B and 7Q.

What the company says and what remains open

The company says it had furnished supporting records and submissions and is of the view that these have not been duly considered in the order. It says the order is not expected to have any material financial impact on the company, and it reserves the right to file an appeal as its lawyers may advise.

The company's Blacklitt market value is ₹1,418 crore, so the ₹2.73 crore order is about 0.2% of that figure. In its latest quarter, Q2 FY27, the company reported consolidated total income of ₹140.73 crore and net profit of ₹28.85 crore.

What the EPF order means for Accelya Solutions India's shareholders

The order requires the company to deposit ₹2,72,50,894 in respective accounts within 60 days of receipt, with paid challans to be produced before the authority. The company says the order is not expected to have any material financial impact.

Not stated: whether the company has paid or will pay the amount within 60 days, whether it has made any provision for the dues, the amount a separate inquiry could impose, and the basis for the company's view on impact. The next dated step is the 60-day deposit period, and any appeal has no date in the filing.

Reference: Original filing (PDF)