Inventurus Knowledge Solutions Limited — Others, 02-08-2025: Action(s) initiated or orders passed

Inventurus Knowledge Solutions Limited's step-down wholly-owned subsidiary, Aquity Solutions India Private Limited, has been issued an order by the Interim Settlement Board - III. This order imposes a penalty of 1.50 Cr on Aquity India. The penalty relates to past issues concerning the classification and declaration of services between financial years 2015-16 and 2018-19, which were for availing Service Exports from India Scheme (SEIS) benefits. Importantly, the company clarified that this penalty has no financial, operational, or other activities impact on the main company. The matter is now considered closed.