IVP confirms employee fraud worth Rs 195 lakhs, FIR filed

Fraud confirmedRegulatory & Legal View source PDF Explain this filing

IVP · price

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Price reactionminutes from the announcement price · days from the prior close

-2.3%Reaction day

₹134.00

prior close

₹131.23

announcement price

In-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.4%-1.9% vs market

Specialty Chemicals peers, median of 87sector-0.5%-1.7% vs sector

On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 1.7 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.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

+6.8+1.4+5.4+0.7+6.1

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+7.9+3.9+4.0+2.0+5.9

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UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 87Pending

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AI summary

IVP Limited has confirmed that sales employee Mr. Ravi Ranjan Jha committed fraud through misrepresentation and falsification of customer documents. The amount involved is Rs. 195 lakhs. The company has fully provisioned the amount, filed an FIR with Byculla Police Station in Mumbai, and tightened its customer onboarding process. No impact on regular operations.

Likely market impact

Employee fraud fully provisioned with no operational disruption. Legal action initiated through police complaint against the perpetrator.