Advik Capital's Statutory Auditor Resigns Effective August 15, 2026

Advik Capital Ltd. has announced the resignation of its statutory auditors, M/s KSMC & Associates, Chartered Accountants, effective August 15, 2026. The resignation is attributed to a lack of revision in professional fees, which the auditors deem insufficient given the time, effort, and resources required for the engagement, especially in light of the company's reported financial constraints and losses. The company plans to fill the resulting vacancy by appointing a new statutory auditor in accordance with applicable regulations. The resignation will be presented to the Audit Committee and the Board of Directors at their upcoming meetings.