IVP Limited has informed the Exchange regarding 'Update on fraud by employee of the Company'.
IVP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
IVP Limited has provided an update on a fraud case involving Mr. Ravi Ranjan Jha, a sales employee who was involved in misrepresenting and falsifying customer documents. The fraud was first detected on January 12, 2026, and the company filed an FIR with the Byculla Police Station in Mumbai. After completing its investigation, the company has confirmed the total amount involved is Rs. 613 lakhs. The company has made full provision for this amount in its books and states there is no impact on regular operations. IVP has also strengthened its customer onboarding process as a corrective measure.
The Rs. 613 lakh fraud amount has been fully provided for, which should limit direct earnings impact. However, this internal fraud case may create negative sentiment around the company's internal controls, potentially putting short-term pressure on the stock price.