Promoter Jaison Jose confirmed that he and persons acting in concert have not created any encumbrance on shares of Xelpmoc Design & Tech as of March 31, 2026. This declaration ensures that no shares were pledged or otherwise charged directly or indirectly during the period, mitigating potential risks associated with promoter leverage.

The disclosure was submitted to the stock exchanges in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates promoters to report any encumbrance of shares to maintain transparency regarding ownership structures.

Disclosure Details

The filing confirms that since no shares were encumbered, the promoter was not required to make any additional disclosures regarding share pledging during the financial year 2025-26. The document was digitally signed by Jaison Jose on April 04, 2026.

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.

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.