Attaching herewith information sought with reference to our letter dated 13.01.2026 - reporting of fraud by employee of the Company
IVP · price
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On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.7 pts less than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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IVP Ltd has reported that a sales employee, Mr. Ravi Ranjan Jha, was involved in misrepresentation and falsification of customer documents over an unspecified period. The fraud was uncovered on January 12, 2026, and the company has identified it on a prima-facie basis and is in the process of filing a complaint against the employee. The exact financial impact and the duration of the fraud are still under investigation and have not yet been quantified. This second communication (January 22, 2026) provides additional clarification sought by BSE following the company's initial disclosure on January 13, 2026. The company has committed to updating the exchanges as further material details emerge.
The financial impact is currently unknown, so the direct effect on shareholders is unclear. Once the investigation concludes and the amount involved is disclosed, it could affect investor sentiment, though it appears to be an isolated employee-level misconduct rather than a systemic issue. Watch for further updates on the quantified loss and any corrective actions taken.