NSE/BSE Codes: BSE: 542367, NSE: XELPMOC
Summary of Key Information:
Nature of Event / Disclosure:
Regulatory filing under Regulation 30 of SEBI LODR Regulations regarding dispute/litigation. The company and its promoters/directors have filed a petition with the National Company Law Tribunal.
Involved Parties / Authorities:
- Petitioners: Xelpmoc Design and Tech Limited and its Promoters/Directors
- Respondents: Inqube Innoventures Private Limited (Investee Company) and their Promoters/Directors
- Adjudicating Authority: Hon'ble National Company Law Tribunal, Bengaluru Bench
Date / Timeline of Event:
- Date of Filing: May 22, 2026
- Time of Filing: 12:05 p.m.
- Date of Intimation to Exchanges: May 22, 2026
Brief Description of Outcome / Dispute:
The petition has been filed under Sections 213, 241 and 244 of the Companies Act, 2013, alleging oppression and mismanagement in the affairs of Inqube Innoventures Private Limited, which is an investee company of Xelpmoc.
Impact of Outcome:
Financial Impact:
The financial impact and claims are limited to the extent of the amount invested by Xelpmoc in Inqube Innoventures Private Limited. No specific monetary amount is disclosed in the filing.
Operational / Business / Strategic Impact:
The company explicitly states: "There is no impact on operations or other activities of the Company."
Other Implications:
No material disclosures regarding reputational, legal, regulatory, or market perception effects are provided in the document.
Next Steps / Required Actions:
The petition has been filed with the NCLT Bengaluru Bench. The document does not specify any response deadlines, compliance measures, or litigation timeline beyond the filing date.