IVP Limited has informed stock exchanges about a fraud case involving one of its sales employees, in compliance with SEBI disclosure requirements. The company filed the disclosure on January 13, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Fraud Details and Investigation

The preliminary investigation revealed that sales employee Mr. Ravi Ranjan Jha was involved in misrepresentation and falsification of customer documents. The company disclosed key details about the fraud case in a structured format to the exchanges.

Financial Impact Assessment

The company has not yet determined the financial impact of the fraudulent activities. IVP Limited stated that the estimated amount involved and impact on the company will be ascertained upon completion of the investigation. The company committed to updating the exchanges with further material details as they become available.

Regulatory Compliance and Next Steps

IVP Limited confirmed it has prima-facie identified the fraud and is in the process of filing a complaint against the employee with appropriate authorities. The disclosure was made in accordance with SEBI Circular No. SEBI/HO/CFD-POD-1/P/CIR/2023/123 dated July 13, 2023, which requires companies to report frauds or defaults by employees.

The company assured that any further material details will be intimated to the exchanges promptly as the investigation progresses and more information becomes available.

IVP Limited , a pioneer in industrial solutions since 1929, has reported a strong performance for the second quarter of fiscal year 2026. The company, known for its foundry chemicals and polyurethane products, has seen significant growth in both revenue and profitability.

Key Financial Highlights

• Revenue Growth: IVP Limited's revenue from operations surged by 20% year-on-year to ₹146.95 crores in Q2 FY26, up from ₹122.01 crores in Q2 FY25.
• EBITDA Performance: The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a substantial increase of 42% year-on-year, reaching ₹8.99 crores.
• Profit After Tax: Net profit showed impressive growth, rising by 85% year-on-year to ₹4.00 crores in Q2 FY26.

Financial Performance Overview

Drivers of Growth

The company attributes its strong performance to several factors:

1. Festive Season Demand: The second quarter coincided with the festive season in India, which traditionally sees increased consumer spending and industrial activity.
2. Operational Efficiencies: IVP Limited reported improvements in its foundry chemicals and polyurethane segments, which contributed to the enhanced profitability.
3. Market Expansion: The company's diverse product portfolio, serving over 500 clients across various industries, may have helped in capturing a larger market share.

Management Commentary

While specific management comments were not provided, the financial results suggest that IVP Limited's strategies for growth and operational efficiency are yielding positive results. The significant improvement in EBITDA margin from 5.18% in Q2 FY25 to 6.12% in Q2 FY26 indicates better cost management and potentially improved pricing power.

Looking Ahead

As IVP Limited continues to leverage its strengths in the chemical industry, investors and market watchers will be keen to see if the company can maintain this growth trajectory. The company's ability to capitalize on festive season demand while improving operational efficiencies could be a positive indicator for future performance.

However, it's important to note that while the quarterly results are impressive, a broader view of the company's performance over time would provide more context. Investors may want to consider factors such as:

• The sustainability of the revenue growth in non-festive quarters
• The company's strategies for maintaining and improving profit margins
• Any expansion plans or new product developments that could drive future growth

As always, potential investors should conduct thorough research and consider various factors before making investment decisions.

IVP Limited, with its long-standing history and diversified product portfolio, appears to be positioning itself well in the competitive chemical industry landscape. The coming quarters will be crucial in determining whether this growth momentum can be sustained in the long term.