Advik Capital Promoter Vikas Garg Arrested by Enforcement Directorate

Advik Capital Ltd has disclosed a significant development concerning its promoter, Mr. Vikas Garg, who has been taken into custody by the Directorate of Enforcement under the Prevention of Money Laundering Act, 2002. This action is in continuation of earlier proceedings related to transactions involving foreign entities and FPIs. The company is currently evaluating the situation with legal advisors and has stated that this development has no material impact on its ongoing business operations. Further disclosures will be made as required by law. The arrest occurred on July 14, 2026.