Xelpmoc Design And Tech Limited Files Petition Against Investee Company Over Allegations of Oppression
Xelpmoc Design And Tech Limited has initiated legal proceedings before the Hon'ble National Company Law Tribunal (NCLT) in Bengaluru. The company, along with its Promoters and Directors, filed a petition against Inqube Innoventures Private Limited, which is an investee company, along with the promoters and directors of that firm.The petition, filed on May 22, 2026, alleges issues of oppression and mismanagement within the affairs of Inqube Innoventures Private Limited.
The company stated that the financial implications and claims arising from this legal action are limited to the amount originally invested in the investee company.
In terms of the parent company, Xelpmoc Design And Tech Limited confirmed that the ongoing legal petition has no impact on its current operations or other business activities.
XELPMOC Stock Price Movement
On Friday, Xelpmoc Design And Tech Limited shares edged higher, closing at ₹101.69, marking a 1.40% gain for the session. The stock traded on a total volume of 38,709 shares, capping a positive move for the company.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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