Quarterly Updates9 April 2026 at 07:45 am
Advik Capital Ltd: Board Approves Rights Issue, Monitors Shareholding Concentration, Appoints New Company Secretary
AI Summary
Advik Capital Ltd held a Board Meeting on April 9, 2026, where they approved a Rights Issue of up to Rs. 100 Crores, emphasized compliance with regulatory frameworks for shareholding concentration, and appointed Ms. Chhavi Gupta as the Company Secretary. The company also noted suspicious trading patterns and is committed to strengthening its capital and institutional framework.
Key Highlights
- Rights Issue of up to Rs. 100 Crores approved to strengthen the company's capital base.
- Board emphasizes compliance with regulatory frameworks for shareholding concentration.
- Ms. Chhavi Gupta appointed as the new Company Secretary.
- Company monitoring suspicious trading patterns and possible round tripping of funds.
- Advik Capital committed to supporting long-term business objectives, stability, and market integrity.