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Incorporated in 1995, Inventure Growth& Securities Ltd in the business of providingstockbroking and related service
Inventure Growth & Securities Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Update on Litigation / Dispute (Arbitration Proceedings)'.
Company's Board withdrew its planned amalgamation and demerger scheme due to lack of RBI approval. This strategic decision carries no financial impact, allowing focus to remain on existing operations.
A court appointed an arbitrator for disputes from a 2014 share sale agreement. The company contests its involvement, citing non-signatory status. The Arbitral Tribunal will determine if the company is bound. No adverse court findings against the company.
Inventure Growth & Securities reported an insider trading rule violation. A Whole-Time Director's immediate relative inadvertently bought 10,000 shares worth Rs. 9200 during a trading window closure. The company issued warning letters, noting the trade was insignificant and unintentional.
Inventure faces a dispute filed by Mr. Nagji Keshavji Rita and others against the company and its CMD, Kanji Rita. The dispute concerns an Agreement for Sale of shares. The company has defended the claim in court, which allowed for objections to be filed.