Aadhar Housing Finance has been penalized Rs. 14,78,996 by the Employee Provident Fund Authority for delays in Provident Fund contributions. The delays stemmed from technical issues related to incomplete Aadhaar seeding of employee accounts. The company has since taken corrective measures to address the issue and deposit the pending contributions. The levied charges have started reflecting on the EPFO portal.
PF Contribution Delay
Aadhar Housing Finance has received notice regarding a penalty levied by the Employee Provident Fund Authority (EPFO) due to delays in Provident Fund contributions. The penalty amounts to Rs. 14,78,996.
Reason for the Delay
The delay in remitting PF contributions was primarily due to technical glitches related to incomplete Aadhaar seeding and mismatches in employee data with the Universal Account Numbers (UANs) on the EPFO portal. Addressing these technical difficulties has been mandatory as per current EPFO guidelines.
Company Response
Upon identifying the issue, Aadhar Housing Finance took immediate corrective action. This included completing the Aadhaar verification process and subsequently depositing the outstanding contributions. As of November 11, 2025, the damages levied as penalty started reflecting on the EPFO portal.
Financial Impact
The company states that the delay was purely technical and unintentional, with no intention to withhold or defer statutory dues. The financial impact is limited to the extent of the Rs. 14,78,996 damages payable, and no material impact is expected on the company’s operations or other activities.
Source: BSE
