IVP Limited Reports Rs. 195 Lakh Employee Fraud, Files FIR Against Sales Staff
IVP Limited disclosed a Rs. 195 lakh fraud committed by sales employee Mr. Ravi Ranjan Jha involving customer document falsification. The company filed an FIR at Byculla Police Station and made full provision in books with no operational impact. IVP has strengthened its customer onboarding process and committed to providing timely updates on any further developments.
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IVP Limited has reported a significant fraud case involving Rs. 195 lakhs committed by one of its sales employees. The company disclosed the matter to stock exchanges in compliance with SEBI regulations, revealing that the fraud involved misrepresentation and falsification of customer documents.
Fraud Details and Financial Impact
The fraud was perpetrated by Mr. Ravi Ranjan Jha, a sales employee of the company, who engaged in misrepresentation and falsification of customer records over a period of time. The company has now ascertained the exact amount involved in the fraudulent activities.
| Parameter: | Details |
|---|---|
| Amount Involved: | Rs. 195 lakhs |
| Financial Impact: | Rs. 195 lakhs |
| Provision Made: | Full provision in books |
| Operational Impact: | No impact on regular operations |
| Employee Involved: | Mr. Ravi Ranjan Jha (Sales Employee) |
Legal Action and Regulatory Compliance
IVP Limited has taken swift legal action against the fraudulent employee. The company filed an application for FIR at Byculla Police Station in Mumbai, Maharashtra. The fraud was initially revealed on January 12, 2026, following a preliminary investigation that uncovered the employee's involvement in document falsification.
The company has been providing regular updates to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full compliance with regulatory requirements.
Corrective Measures and Risk Management
In response to the fraud incident, IVP Limited has implemented corrective measures to prevent similar occurrences in the future. The company has made its customer onboarding process more robust to strengthen internal controls and reduce the risk of document falsification.
| Corrective Action: | Implementation |
|---|---|
| Process Enhancement: | Made customer onboarding process more robust |
| Financial Provision: | Full provision made in books |
| Legal Action: | FIR filed against the employee |
Company Response and Future Disclosures
IVP Limited has confirmed that the full provision of Rs. 195 lakhs has been made in the company's books, ensuring that there will be no impact on the regular operations of the business. The company's management, led by Whole Time Director & CEO Mandar Joshi, has been actively managing the situation and maintaining transparency with stakeholders.
The company has committed to providing any further material developments in this matter to the stock exchanges in a timely manner, in accordance with applicable regulatory requirements. This demonstrates IVP Limited's commitment to maintaining transparency and regulatory compliance throughout the resolution of this fraud case.
Historical Stock Returns for IVP
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.54% | -0.73% | -10.04% | -31.13% | -27.83% | +76.30% |
