Inventurus Knowledge Solutions Ltd.

BSE: 544309 | NSE: IKS
Small Cap | BPO/ITeS
1699.85
-2.30 (-0.14%)
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Inventurus Knowledge Solutions informs about disclosure

Date: 05-03-2025
Pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 (‘LODR Regulations’), Inventurus Knowledge Solutions has informed that the Reserve Bank of India (RBI) has issued a compounding order dated March 4, 2025 (‘Order’) for compounding the contraventions of: (i) The Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2017 (‘FEMA 20R’), due to a delay in filing Form Foreign Currency – Transfer of Shares (FC-TRS) in connection with the transfer of shares by the Inventurus Employees Welfare Foundation (‘ESOP Trust’) beyond the specified timelines; (ii) The Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000 (‘FEMA 20’), due to a delay in the transfer of shares by the ESOP Trust to certain non-resident employees after the receipt of consideration, beyond the prescribed timelines under FEMA 20; and (iii) FEMA 20, for recording the transfer of shares of the Company from the ESOP Trust to non-resident employees without obtaining an acknowledgment of Form FC-TRS. The requisite details in relation to the Order, as required to be disclosed under the LODR Regulations, are enclosed.

The above information is a part of company’s filings submitted to BSE.