IVP Limited has provided an update regarding a fraud perpetrated by an employee, Mr. Ravi Ranjan Jha, a sales employee. The company has ascertained that the actual amount involved in the fraud is ₹195 Lakhs (₹1.95 Crore). This amount has been fully provided for in the company's books, and IVP Limited states that there is no impact on its regular operations. The fraud, which involved misrepresentation and falsification of customer records, was unveiled on January 12, 2026. The company has filed an application for an FIR against Mr. Jha at the Byculla Police Station in Mumbai. As a corrective measure, IVP Limited has made its customer onboarding process more robust. The company will continue to intimate the stock exchanges of any further material developments in this matter.
