Kirloskar Brothers Limited (KIRLOSBROS) has deposited ₹35,97,409 with the Regional Provident Fund Commissioner, Kolhapur, complying with an order under the Employees Provident Fund & Miscellaneous Provisions Act, 1952.
The order, dated March 20, 2025, fixed joint and several liability on the company and Sangli Shikshan Sanstha (SSS) towards employer’s contribution related to PF, pension, and insurance for the period from March 1982 to June 2008, for employees at educational institutes run in Kirloskarvadi.
The deposited amount pertains to unpaid contributions and administrative charges.
Kirloskar Brothers had an agreement with Sangli Shikshan Sanstha until August 7, 1986, entrusting the administration of four schools to SSS which were previously managed by the company.
The company does not foresee any immediate material impact on its finances, operations, or other activities, apart from any further liability that may be imposed as mentioned in the said Order.