Advik Capital Initiates Criminal Proceedings Against Fairplan Distributors

Advik Capital Limited has initiated criminal proceedings against Fairplan Distributors Private Limited and other identified individuals. The legal action, filed under the Bharatiya Nagarik Suraksha Sanhita, 2023, follows earlier concerns regarding transactions involving the company's securities. The Hon'ble Court has directed the complaint to be processed and issued notices to the accused, with the next hearing scheduled for June 6, 2026. The company stated that these measures are part of its commitment to corporate governance, protecting shareholder interests, and maintaining market integrity. Management emphasized that these legal actions are not expected to disrupt normal business operations or the company's growth agenda.