IKS Health Penalized by RBI for Delayed ESOP Compliance, Pays ₹72,706 Fine

Mumbai, January 29, 2025 – Inventurus Knowledge Solutions Limited (NSE: IKS, BSE: 544309) has disclosed that the Reserve Bank of India (RBI) has issued a compounding order imposing a penalty of ₹72,706 for delayed submission of ESOP-related reports under the Foreign Exchange Management Act (FEMA 20).

Key Details of the RBI Order​

• Issuing Authority: Reserve Bank of India, Central Office, Mumbai.
• Penalty Amount: ₹72,706.
• Date of Order: January 28, 2025.
• Nature of Violation: Delayed submission of prescribed reports to the RBI related to issuing equity shares under the Employees Stock Option Scheme (ESOP) for non-resident employees between 2012 and 2017.
• Regulatory Framework: Violation under FEMA 20 (Transfer or Issue of Security by a Person Resident Outside India Regulations, 2000).

Company’s Response & Financial Impact​

IKS Health stated that the matter is now fully settled, as the RBI has compounded the contravention. Due to this penalty, the company also confirmed no material impact on its financials, operations, or other activities.