Paluck Technologies disclosed filing delays up to 515 days

Paluck Technologies Limited disclosed repeated delays in statutory filings before its initial public offering, led by a 515-day delay in filing its May 2024 Employees’ Provident Fund return. Paluck Technologies said pending GST, provident-fund and employee-insurance filings and contributions had been regularised, although it cannot assure that future delays will not occur.

Why did Paluck Technologies disclose statutory filing delays?

Paluck Technologies disclosed statutory filing delays because GST, Employees’ Provident Fund and Employees’ State Insurance Corporation returns were filed late across multiple periods between 2020 and June 2026. The company attributed the delays to reconciliation work, data-preparation requirements, operational challenges and resource constraints, identifying a pattern across separate compliance obligations rather than one missed deadline.

Goods and Services Tax, or GST, filings in the disclosure include GSTR-3B and GSTR-1 returns. Employees’ Provident Fund, or EPF, is an employee retirement-benefit contribution system, while Employees’ State Insurance Corporation, or ESIC, concerns employee insurance obligations. Paluck Technologies said delays in statutory filings or remittances may expose it to regulatory scrutiny, monetary penalties or punitive action.

Paluck Technologies said it has assigned dedicated compliance personnel, introduced periodic reviews, adopted automated tools to track due dates and increased regular reconciliation practices. For GST, it said all pending filings and payments, including applicable additional fees, had been regularised, and that it had submitted an adjudication application to the relevant authority while awaiting confirmation of compliance.

How extensive were Paluck Technologies’ GST filing delays?

Paluck Technologies’ GST filing delays reached 74 days, with the longest disclosed case involving the April 2020 GSTR-1 return under GST registration 06AAFCP4027N2Z7. That return was due on May 11, 2020 and filed on July 24, 2020, while the same registration recorded GSTR-3B delays in 2024 and 2025 as well as in the November 2025 return filed on January 9, 2026.

For GST registration 06AAFCP4027N2Z7, the longest GSTR-3B delay was 70 days for July 2020, filed on October 29, 2020 against an August 20, 2020 due date. Later GSTR-3B delays included 34 days for July 2025 and 20 days each for October and November 2025. The disclosed record therefore shows that the longest GST delays were in 2020 and 2021, but late filings continued in more recent periods.

For GST registration 09AAFCP4027N1Z2, the listed GSTR-3B delays included 50 days for February 2025 and 45 days for February 2026. The March 2026 GSTR-3B return was filed on May 11, 2026, 21 days after its April 20, 2026 due date. The prospectus also lists a 28-day delay for a March 2025 GSTR-1 return under this registration, although its table labels are not clearly formatted.

Paluck Technologies said no show-cause notice had been received and no penalty or fine had been imposed in relation to the disclosed GST delays as of the prospectus date. That stated status does not remove the company’s disclosed risk that future reporting delays could result in fines, penalties or other regulatory action.

What does Paluck Technologies’ 515-day EPF delay show?

Paluck Technologies’ 515-day delay concerned its May 2024 EPF return, which was due on June 15, 2024 and filed on November 12, 2025. It was the longest delay in the statutory-filing tables and formed part of a group of overdue EPF returns covering April 2024 through April 2025, several of which were filed during October and November 2025.

The EPF table lists delays of 147 days for April 2024, 393 days for September 2024, 362 days for October 2024 and 332 days for November 2024. It also records 270 days for January 2025, 248 days for February 2025, 217 days for March 2025 and 187 days for April 2025. This series differs from the GST record, where the maximum disclosed delay was 74 days.

Later EPF delays were shorter but did not cease. The June 2026 EPF return was filed three days after its July 15, 2026 due date, while the May 2026 return was four days late. Paluck Technologies attributed employee-related delays to operational challenges, reconciliation requirements and resource constraints, and said all pending filings and contributions had been regularised without material penalties imposed by statutory authorities.

Paluck Technologies reported that all 192 employees in its workforce as of May 31, 2026 were covered under EPF, while no employee was covered under ESIC. The prospectus does not quantify the value of delayed EPF contributions or the financial effect of the late filings, but the 192-person coverage places the EPF compliance obligation across its stated workforce.

Were Paluck Technologies’ ESIC delays as long as its EPF delays?

No. Paluck Technologies’ disclosed ESIC delays were shorter than its EPF delays, reaching a maximum of 31 days for the July 2025 return, compared with the 515-day EPF maximum for May 2024. The ESIC table covers listed returns from April 2024 through February 2026 and records delays ranging from three to 31 days.

The company recorded 29 days for the December 2024 ESIC return and 26 days each for August 2024 and April 2025. In 2026, the January and February ESIC returns were each five days late. The ESIC table identifies reconciliation as the reason for the reported delays, matching the explanation used for several GST and employee-related filing lapses.

Paluck Technologies said future delays or non-compliance in employee-related statutory filings or remittances could lead to penalties, regulatory action and reputational effects. The prospectus does not disclose an ESIC penalty or an outstanding ESIC liability; instead, it says pending employee-related filings and contributions had been regularised as of the prospectus date.

Conclusion

Paluck Technologies disclosed a cross-category compliance record involving GST, EPF and ESIC filings, rather than a single administrative event. The 515-day delay in the May 2024 EPF return materially exceeded the maximum disclosed GST delay of 74 days and ESIC delay of 31 days, while the company said pending filings, payments and contributions had been regularised.

The next test is whether Paluck Technologies’ stated controls result in timely filing after June 2026. The company has disclosed dedicated compliance staff, automated deadline tracking, periodic reviews and reconciliation practices, while confirmation of its GST adjudication application and the possibility of future regulatory action remain unresolved matters.