Inventurus Knowledge Solutions Limited (IKS) has announced significant changes to its senior management team, effective September 5, 2025. The company has appointed Manisha Kadagathur as its new Chief Human Resources Officer (CHRO), while Abhay Srivastava transitions to a new role within the organization.

New CHRO Brings Extensive Experience

Manisha Kadagathur joins IKS as the Chief Human Resources Officer and will be part of the company's Senior Management Personnel. With over 25 years of industry experience, Kadagathur brings a wealth of knowledge from various sectors, including consumer, financial services, technology, and chemicals.

Her impressive career includes previous roles as:

• CHRO
• Consulting Leader
• Independent Board Member
• Founder of an HR Tech startup in the U.S.

Kadagathur's educational background is equally notable, with a degree in Mathematics and Computer Science from St. Francis, Hyderabad, and an MBA from XLRI, Jamshedpur. She is also a Professional Certified Coach from the International Coaching Federation and a Partner at Social Venture Partners (SVP), Mumbai.

Currently, Kadagathur serves as an Independent Director at Safex Group and consults with growth-stage companies, further enhancing her diverse professional portfolio.

Leadership Reshuffle

As part of the organizational changes, Abhay Srivastava will transition to a new role as Head of Leadership Effectiveness. This move marks a shift in his responsibilities, and he will no longer be classified as part of the Senior Management Personnel under the provisions of the Companies Act, 2013 and SEBI LODR Regulations.

Regulatory Compliance

The company has made these disclosures in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. IKS has duly informed both the BSE Limited and the National Stock Exchange of India Limited about these changes in their Senior Management Personnel.

Inventurus Knowledge Solutions Limited continues to evolve its leadership structure to drive growth and innovation in the knowledge solutions sector.

These strategic appointments and role changes reflect IKS's commitment to strengthening its management team and aligning leadership roles with the company's future objectives.

Inventurus Knowledge Solutions Limited 's step-down subsidiary, Aquity Solutions India Private Limited, has been penalized INR 1.5 crore by the Interim Settlement Board-III under the Ministry of Finance. The fine relates to the misclassification of services under different CPC codes during financial years 2015-16 to 2018-19 for availing Service Exports from India Scheme (SEIS) benefits.

Penalty Details

The Interim Settlement Board-III, constituted under the Customs Act, 1962 through the Finance Act, issued an order dated August 1, imposing the penalty on Aquity Solutions India. The misclassification occurred in the declaration of services rendered by the company before the Directorate General of Foreign Trade (DGFT), Mumbai, for availing SEIS benefits.

Company Background

Aquity Solutions India became a step-down subsidiary of Inventurus Knowledge Solutions Limited after the parent company's subsidiary acquired Aquity Holdings Inc in October 2023. This acquisition expanded Inventurus' presence in the service export sector.

Financial Impact

According to the company's disclosure to the stock exchanges, there is no impact on the financial, operational, or other activities of Inventurus Knowledge Solutions Limited due to this order. The matter now stands closed following the settlement.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency ensures that shareholders and potential investors are informed about significant regulatory actions affecting the company or its subsidiaries.

Market Implications

While the penalty is substantial, the company's statement regarding no financial impact suggests that it may have already provisioned for such contingencies or that the amount is not material to its overall financial position.

The incident highlights the importance of accurate service classification in international trade, particularly for companies leveraging government export promotion schemes. It also underscores the need for robust internal controls and compliance mechanisms in multinational corporations with complex subsidiary structures.