Advik Capital Appoints MASAR & Co. as Statutory Auditors

Advik Capital Ltd. announced the appointment of M/s. MASAR & Co., Chartered Accountants, as its new Statutory Auditors. This appointment fills a casual vacancy caused by the resignation of M/s. KSMC & Associates. MASAR & Co. will serve from September 5, 2026, and their appointment for a five-year term, commencing from the conclusion of the 41st AGM until the 46th AGM in 2031, will be subject to shareholder approval. The Board also noted the resignation of two Independent Directors, Mr. Devender Kumar Garg and Mr. Rajnish Kumar Gupta, and approved the reconstitution of various board committees. The 41st Annual General Meeting is scheduled for September 30, 2026.