iValue Infosolutions Limited has paid a penalty of ₹11,800 to the National Stock Exchange of India (NSE) for delayed filing of related party transaction disclosures. The company received a notice for non-compliance with regulatory requirements during its first quarterly disclosure post-listing.

Regulatory Non-Compliance Details

The NSE imposed a fine under Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for delayed submission of related party transaction disclosures. The violation pertained to the company's failure to file the required disclosures with NSE within the prescribed timeline for the quarter ended September 30.

Company's Response and Explanation

iValue Infosolutions Limited conducted its Board Meeting on November 11 to approve the quarterly financial results for the quarter ended September 30. The company submitted the Integrated Financial Filing to BSE Limited on the same day as the Board Meeting. However, due to the non-integrated nature of filing systems between BSE and NSE platforms, the related party transaction disclosure was not filed with NSE.

The company clarified that this was an inadvertent oversight, particularly significant as it represented the first quarterly disclosure following the company's listing on September 25. Upon receiving notification from NSE on November 13, the company immediately submitted the required Related Party Transactions filing with NSE on the same day.

Compliance Timeline and Actions

The regulatory timeline shows the sequence of events leading to the penalty:

Impact Assessment and Future Measures

The company has confirmed that the regulatory non-compliance had no quantifiable impact on its financial, operational, or other business activities. The delay was limited to two days for the related party transaction statement for the half-year ended September 30.

iValue Infosolutions Limited has stated its commitment to ensure compliance with all disclosure requirements going forward, emphasizing that there shall be no delay in future regulatory filings and disclosures. The company paid the penalty within the stipulated 15-day timeline from the notice date, demonstrating its commitment to regulatory compliance.

iValue Infosolutions Limited has successfully completed the allotment of 10,75,100 equity shares to its employees under the Employee Stock Option Plan 2024, marking a significant milestone in the company's employee engagement strategy. The Board of Directors approved this allotment through circulation, benefiting 47 eligible employees across the organization.

ESOP Exercise Details

The stock option exercise involved two different pricing tiers, reflecting the structured approach of the company's employee benefit scheme. The allotment generated substantial proceeds while expanding the employee ownership base within the organization.

The exercise comprised 6,66,730 options at ₹2.00 per share and 4,08,370 options at ₹70.00 per share, demonstrating the tiered pricing structure of the ESOP scheme.

Share Capital Enhancement

The allotment has resulted in a meaningful increase in the company's equity base, strengthening its capital structure. The newly issued shares carry full rights and rank pari-passu with existing equity shares in all respects.

ESOP Scheme Framework

The iValue Employee Stock Option Plan 2024 operates under comprehensive guidelines that ensure fair and transparent employee participation. The scheme has received in-principle approval from stock exchanges for 19,73,580 options, while the total reserved shares under the scheme amount to 26,77,000 equity shares.

Key features of the ESOP scheme include:

• Vesting Period: Options vest after completion of one year from the grant date
• Exercise Period: Maximum period of two years from vesting date
• Transferability: Shares are freely transferable post-allotment, subject to applicable laws
• Administration: Managed by the company's Nomination and Remuneration Committee post-listing

Regulatory Compliance

The allotment has been conducted in full compliance with SEBI regulations, including the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company has filed the necessary disclosures with both NSE and BSE, with filing numbers NSE-51845 and BSE-251069 respectively.

The newly allotted shares carry ISIN number INE056801025 and distinctive numbers ranging from 53539881 to 54614980, ensuring proper identification and tracking in the demat system.