Inventurus Knowledge Solutions Limited has received a penalty order from the Development Commissioner, SEEPZ-Special Economic Zone, Mumbai, regarding service classification issues related to export benefits. The company disclosed this development under regulatory compliance requirements on March 12, 2026.

Penalty Details and Background

The Development Commissioner, SEEPZ-Special Economic Zone, Mumbai, Ministry of Commerce & Industry, Government of India issued an order dated February 24, 2026, imposing a penalty on the company. The penalty stems from issues related to the classification and declaration of services rendered under different CPC codes during the financial years 2015-16 to 2018-19.

Service Export Scheme Violation

The penalty relates to the company's classification and declaration of services under different Central Product Classification (CPC) codes for availing benefits under the Service Exports from India Scheme (SEIS). SEIS is a government scheme designed to promote service exports by providing incentives to eligible service providers.

The violation specifically concerns how Inventurus Knowledge Solutions classified its services during the four-year period from 2015-16 to 2018-19 when claiming SEIS benefits. The Development Commissioner found issues with the company's service classification methodology during this period.

Company's Response and Impact Assessment

Inventurus Knowledge Solutions has stated that the penalty order will have no impact on its financial, operational, or other business activities. The company made this disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, which requires listed companies to inform stock exchanges about material events and developments.

Regulatory Compliance

The disclosure was submitted to both BSE Limited and the National Stock Exchange of India Limited as part of the company's regulatory obligations. Company Secretary and Compliance Officer Sameer Chavan signed the disclosure document, ensuring proper compliance with listing requirements.

This development highlights the importance of accurate service classification for companies availing government export promotion schemes and the regulatory scrutiny that can follow years after the initial claims.

Inventurus Knowledge Solutions Limited has granted 600,000 employee stock options to eligible employees under its Employee Stock Option Plan 2022. The Nomination and Remuneration Committee of the Board of Directors approved this grant on March 5, 2026, as part of the company's employee benefit initiatives.

Grant Details and Pricing

The stock options grant encompasses significant value for the eligible employees, with each option convertible into equity shares of the company.

The exercise price of Rs. 1,331.00 per option has been set at not less than the market price, specifically the closing price on March 4, 2026, on the National Stock Exchange of India Limited, which had the highest trading volume on the trading day immediately preceding the grant approval.

ESOP Plan Structure and Administration

The Employee Stock Option Plan 2022 operates under a comprehensive framework designed to benefit eligible employees while maintaining regulatory compliance. The plan is administered through a trust structure, ensuring proper governance and management of the stock options.

Each granted option, when exercised, converts into one fully paid-up equity share with a face value of Re. 1. The stock options can be exercised anytime during the entire period of continuous active employment from the date of vesting of the respective options.

Key Terms and Provisions

The ESOP plan includes detailed provisions for various employment scenarios and corporate actions:

• Employee Scenarios: The scheme provides specific procedures for handling stock options in cases of death, permanent incapacity, resignation, termination, and retirement • Corporate Actions: Requisite adjustments will be made for rights issues, bonus issues, stock splits, consolidation of equity shares, mergers, amalgamations, or other reorganizations • Lock-in Period: Equity shares allotted pursuant to exercise of stock options will not be subject to any lock-in restrictions • Fair Treatment: All adjustments will be made in a fair and reasonable manner in accordance with the IKS ESOP Plan

Regulatory Compliance

The grant has been made in full compliance with regulatory requirements, including the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The disclosure follows Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency for all stakeholders.

The company has filed the necessary disclosures with both BSE Limited and the National Stock Exchange of India Limited, maintaining its commitment to regulatory compliance and transparent communication with investors and employees alike.