Xelpmoc files NCLT petition against Inqube Innoventures

Xelpmoc Design and Tech Limited has initiated legal proceedings against Inqube Innoventures Private Limited, filing a petition before the National Company Law Tribunal (NCLT), Bengaluru Bench. The company and its promoters have alleged oppression and mismanagement in the affairs of the investee company. The petition was filed on May 22, 2026, under specific sections of the Companies Act, 2013.

Legal Proceedings and Allegations

The petition invokes Sections 213, 241, and 244 of the Companies Act, 2013. These sections generally pertain to the powers of the Tribunal to investigate company affairs, remedies for members in cases of oppression and mismanagement, and the application for relief in such cases. The allegations are directed at Inqube Innoventures Private Limited and its promoters or directors.

Financial Impact and Operations

The company stated that the financial impact and claims arising from this dispute are limited to the extent of the capital invested in the investee company. Xelpmoc clarified that there is no impact on its operations or other activities as a result of this litigation.

Detail	Description
Regulation	Regulation 30 of SEBI (LODR) Regulations, 2015
Tribunal	National Company Law Tribunal, Bengaluru Bench
Respondent	Inqube Innoventures Private Limited
Legal Sections	Sections 213, 241, 244 of Companies Act, 2013
Filing Date	May 22, 2026

The petition was formally filed on May 22, 2026, at 12:05 p.m. The disclosure was made to the stock exchanges in compliance with regulatory requirements.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.40%	+2.69%	-1.31%	-24.91%	+5.66%	-68.89%

Xelpmoc Design and Tech Limited has allotted 40,000 equity shares of face value Rs.10/- each to certain employees of the company, pursuant to the exercise of vested options granted under its Employee Stock Option Scheme 2019. The allotment was made on May 09, 2026, and has been communicated to the stock exchanges in accordance with applicable listing regulations.

ESOP Allotment Details

The allotment was triggered by the exercise of 40,000 vested options by eligible employees. The following table summarises the key details of the transaction:

Parameter:	Details
Options Exercised:	40,000 options at an exercise price of Rs.19/- each
Money Realised:	Rs.7,60,000/- (Rupees Seven Lakh Sixty Thousand Only)
Face Value per Share:	Rs.10/-
Scheme:	Employee Stock Option Scheme 2019
Allotment Date:	May 09, 2026

Impact on Share Capital

Consequent to the above allotment, the issued, subscribed, and paid-up share capital of the company has been revised upward. The updated capital structure is presented below:

Capital Parameter:	Details
Revised Paid-Up Share Capital:	Rs.14,79,94,930/-
Total Equity Shares:	1,47,99,493 equity shares
Face Value per Share:	Rs.10/- each

The increase in paid-up capital reflects the addition of the newly allotted 40,000 equity shares to the company's existing share base. The allotment was carried out under the framework of the Employee Stock Option Scheme 2019, which governs the grant and exercise of stock options for eligible employees of Xelpmoc Design and Tech Limited.

The disclosure was signed by Vaishali Shetty, Company Secretary & Compliance Officer, on behalf of Xelpmoc Design and Tech Limited, and submitted to both BSE Limited and the National Stock Exchange of India Limited for their records.