IVP Limited is facing legal action from an employee previously accused of fraud, as Mr. Ravi Ranjan Jha has instituted a civil suit against the company and certain of its officials. The suit has been filed in a court situated in Gautam Budh Nagar, Greater Noida, Uttar Pradesh 201 306. The company has stated that it believes the claims made in the suit are not tenable and intends to defend its interests vigorously through necessary legal actions.

This development follows a series of prior intimations made by the company regarding the matter. Earlier references include letters dated January 13, 2026, January 22, 2026, January 29, 2026, May 21, 2026, and June 01, 2026. The current update was submitted pursuant to Regulation 30(7) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Legal Proceedings and Company Stance

The company has categorically rejected the tenability of the claims presented in the civil suit. Management has affirmed that it will pursue all available legal avenues to contest the allegations and protect the organization's standing. The filing underscores the ongoing dispute between the entity and the accused employee.

Regulatory Disclosures

The disclosure was made to ensure compliance with regulatory requirements regarding material events. IVP Limited has committed to informing the stock exchanges of any further material developments in this matter in a timely manner, in accordance with applicable regulations.

IVP Limited reported a 65% increase in Profit After Tax (PAT) to ₹18.68 crore for the financial year ended March 31, 2026, compared to ₹11.31 crore in the previous year. Revenue from operations for FY26 stood at ₹594.55 crore, a 10% growth from ₹538.99 crore in FY25. The company’s strong performance was supported by improved demand and disciplined cost management, despite one-off impacts including provisions for new labour codes and a matter involving misrepresentation by a sales employee.

For the quarter ended March 31, 2026 (Q4 FY26), IVP Limited recorded revenue from operations of ₹164.44 crore, up from ₹149.36 crore in Q4 FY25. Profit After Tax for the quarter increased sharply to ₹8.86 crore, compared to ₹3.83 crore in the corresponding quarter of the previous year. EBITDA for Q4 FY26 rose to ₹14.82 crore, with an EBITDA margin of 9.01%, an expansion of 318 basis points year-on-year.

Financial Performance

The company’s full-year EBITDA improved to ₹38.52 crore in FY26 from ₹28.78 crore in FY25, resulting in an EBITDA margin expansion of 114 basis points to 6.48%. Total operating expenses for the year increased to ₹560.31 crore from ₹513.79 crore in the previous year. Finance costs decreased to ₹7.37 crore in FY26 from ₹7.79 crore in FY25.

Operational Highlights

IVP Limited operates through two core business verticals: Phenolic Resins and Polyurethane Resins. The company serves diverse industries including foundry applications, footwear solutions, and flexible packaging. Management highlighted that the Indian macroeconomic environment remained resilient with GDP growth sustaining in the ~7% range, supporting the chemical industry’s demand trends.

Balance Sheet and Ratios

The company’s balance sheet remained lean with shareholders' funds increasing to ₹157 crore in FY26 from ₹139 crore in FY25. Short-term borrowings decreased significantly to ₹65 crore from ₹104 crore in the previous year. The debt-to-equity ratio improved to 0.42 times in FY26 from 0.75 times in FY25, while the Return on Capital Employed (ROCE) recovered to 15% from 9% in the prior year.