Investment9 April 2026 at 08:00 am
Advik Capital Ltd. Approves Rights Issue of Up to Rs. 100 Crores and Appoints New Company Secretary
AI Summary
Advik Capital Ltd. announced that its Board of Directors approved a rights issue of fully paid-up equity shares worth up to Rs. 100 Crores at a meeting on April 9, 2026. The company also appointed Ms. Chhavi Gupta as the Company Secretary (Key Managerial Personnel) with immediate effect. The Board emphasized compliance with regulatory frameworks and fair market conduct, observing suspicious trading patterns and possible round-tripping of funds by certain entities. They have decided to monitor these activities and strengthen the company's capital and institutional framework.
Key Highlights
- Advik Capital Ltd. approved a rights issue of up to Rs. 100 Crores to eligible equity shareholders.
- Ms. Chhavi Gupta appointed as Company Secretary (Key Managerial Personnel) with immediate effect.
- The Board emphasized compliance with regulatory frameworks and fair market conduct.
- Suspicious trading patterns and possible round-tripping of funds by certain entities were observed.
- The company decided to monitor these activities and strengthen its capital and institutional framework.