Infrax Renewable reported ESIC delays of up to 605 days

Infrax Renewable reported Employees’ State Insurance Corporation (ESIC) payment delays of up to 605 days and Registrar of Companies (RoC) filing delays of up to 580 days. The longest ESIC delay concerned a Rs 6,000 payment for September of FY 2024-25, which was paid on June 12, 2026.

What compliance delays did Infrax Renewable report?

Infrax Renewable reported delayed goods and services tax (GST), employee social-security, tax-deduction and corporate filings, with ESIC payments producing the longest delay in the disclosure. The company said it had, on several occasions, delayed GST, tax deducted at source (TDS), tax collected at source (TCS), ESIC and Employees’ Provident Fund (EPF) returns, as well as deposits of statutory dues.

The reported range differed substantially by obligation. GST delays ranged from one day for the April FY 2025-26 GSTR-3B return to 105 days for the FY 2024-25 GSTR-10 return filed on December 25, 2025. EPF delays in FY 2025-26 ranged from eight to 71 days, while the longest RoC delay, for Form MR-1, was 580 days.

Infrax Renewable’s longest ESIC delays were concentrated in obligations labelled FY 2024-25. Eight monthly ESIC payments, from September through March in that disclosed period, were paid on June 12, 2026 after delays of 423 to 605 days. The individual amounts ranged from Rs 5,000 to Rs 9,000, meaning the disclosed issue was principally the timing of payments and compliance with ESIC coverage.

Why did Infrax Renewable’s ESIC payments reach 605 days?

Infrax Renewable said its FY 2024-25 ESIC dues were delayed because it was not aware of its liability under the ESIC Act when salaries were disbursed. The company said ESIC provisions had not applied before FY 2024-25, identified the non-compliance itself and voluntarily deposited the dues in FY 2026-27. That explanation covers the Rs 6,000 September payment, due on October 15 and paid on June 12, 2026.

For the broader set of statutory delays, Infrax Renewable cited delayed bill submissions and confirmations from external vendors, pending confirmations from authorities, and administrative and operational misalignments in payroll reconciliation. The payroll explanation applied to EPF and ESIC delays in FY 2025-26, including an EPF payment of Rs 42,000 and an ESIC payment of Rs 4,000 for April, each paid 71 days late on July 25, 2025.

The timing pattern changed between the two ESIC groups. Four FY 2025-26 ESIC payments were delayed by eight to 71 days and ranged from Rs 4,000 to Rs 7,000. In contrast, the eight FY 2024-25 entries were delayed by 423 to 605 days and paid on one date, June 12, 2026, consistent with Infrax Renewable’s statement that it identified the earlier liability later.

How extensive were Infrax Renewable’s tax and payroll lapses?

Infrax Renewable reported 25 delayed TDS/TCS payment instances in FY 2025-26, involving Rs 2.93 lakh and delays ranging from 13 to 288 days. The comparable FY 2024-25 disclosure listed six instances involving Rs 1.24 lakh, with delays from one to 53 days. The number of reported delayed instances therefore increased by 19 between those two financial years.

The company reported one delayed Form 26Q filing in each year: two days late in FY 2025-26 and 53 days late in FY 2024-25. Form 26Q is the quarterly TDS statement for payments other than salaries. No delayed Form 24Q filing was listed for either period, and the FY 2023-24 row contained no delayed TDS/TCS payment instances.

Infrax Renewable said it filed all due returns with late filing fees and paid interest on delayed taxes and statutory dues where required. The company also stated that any action or penalty by the relevant authority could adversely affect its financial statements. Thus, the disclosed backlog was reported as cleared, but regulatory action remained unresolved.

What were Infrax Renewable’s RoC filing delays?

Infrax Renewable disclosed nine delayed RoC filings, led by a 580-day delay in filing Form MR-1 for the appointment of its managing director and whole-time director. The event occurred on September 23, 2024, the due date was November 22, 2024, and the filing was completed on June 24, 2026. MR-1 records appointments or reappointments of a managing director, whole-time director or manager under the Companies Act, 2013.

The next-longest disclosed delays were 415 days for an MGT-14 filing concerning revised terms of appointment for the managing director and whole-time director and higher limits under Sections 185 and 186, and 392 days for the corresponding shareholder approval. Both were filed on June 24, 2026. MGT-14 is used to file specified company resolutions with the RoC, while Sections 185 and 186 govern certain loans, investments and related approvals.

Other RoC delays ranged from 14 to 120 days. These included a 120-day MGT-14 filing concerning approval of the statutory auditor’s report and audited financial statements for the year ended March 31, 2025, and a 52-day CHG-1 filing for creation of a charge. Infrax Renewable attributed several delays to inadvertence, while the CHG-1 matter was identified during an internal review.

What has Infrax Renewable done after the compliance lapses?

Infrax Renewable said it filed all overdue RoC forms with delayed fees, filed all due statutory returns with late fees, and deposited delayed EPF and ESIC dues. It also said it appointed a compliance officer and strengthened internal controls so that compliance matters could be handled on a real-time basis. The stated measures address the payroll reconciliation, internal coordination and delayed-identification issues described in the disclosure.

As of the prospectus date, Infrax Renewable said no legal proceeding or regulatory action had been initiated against it over the disclosed RoC non-compliances. Separately, an August 2026 GST goods-detention proceeding resulted in a Rs 2.07 lakh penalty, which the company paid on August 14, 2026; it said no tax or penalty demand from that proceeding remained outstanding as of the prospectus date.

Conclusion

Infrax Renewable’s disclosure describes repeated compliance delays across several obligations, rather than one isolated administrative lapse. The ESIC maximum of 605 days, MR-1 delay of 580 days and 25 delayed TDS/TCS payment instances in FY 2025-26 show that the issues covered social-security payments, tax compliance and Companies Act filings.

The next matter to watch is whether Infrax Renewable’s disclosed plan to use a compliance officer and strengthened internal controls prevents further late payments and filings after the June 2026 corrective actions. Regulatory outcomes also remain open because the company said RoC action had not begun as of the prospectus date but did not rule out future penalties or scrutiny.