Advik Capital Ltd

Advik Capital Ltd has issued a notice for its 41st Annual General Meeting (AGM) to be held on Wednesday, September 30, 2026, at 02:00 P.M. The meeting will be conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM). Key agenda items include the adoption of audited financial statements for the financial year ended March 31, 2026, the re-appointment of Mr. Narendra Kumar Singhal as a Director, and the appointment of M/s. MASAR & CO. as statutory auditors to fill a casual vacancy and for a term of five years. The notice is available on the company's website.

Advik Capital Ltd has filed its 41st Annual Report for the Financial Year 2025-26, as per SEBI regulations. The report, available on the company's website, details corporate information, statutory reports including Directors' Report, Management Discussion & Analysis, Corporate Governance Report, and financial statements (standalone and consolidated). The company also announced its 41st Annual General Meeting (AGM) scheduled for September 30, 2026, to be held via Video Conferencing. Key agenda items include the adoption of audited financial statements for FY 2025-26 and the re-appointment of Mr. Narendra Kumar Singhal as a Director. Additionally, the AGM will address the appointment of M/s MASAR & CO. as statutory auditors to fill a casual vacancy.

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.

Advik Capital Ltd's Board of Directors met on September 5, 2026, approving key decisions including the appointment of M/s. MASAR & Co. as Statutory Auditors to fill a casual vacancy and for a five-year term, subject to member approval. The Board also accepted the resignations of Independent Directors Mr. Devender Kumar Garg and Mr. Rajnish Kumar Gupta, and reconstituted board committees. Furthermore, the Board approved the convening of the 41st Annual General Meeting (AGM) on September 30, 2026, along with the AGM notice, Annual Report for FY 2025-26, and approved the closure of the Register of Members for the meeting.

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.

Advik Capital Ltd announced the resignation of its statutory auditors, M/s KSMC & Associates, Chartered Accountants, effective August 15, 2026. The resignation is attributed to the inadequacy of professional fees relative to the time, effort, and resources required for the audit and quarterly review assignments. The company plans to fill the resulting vacancy by appointing a new statutory auditor in accordance with applicable regulations. The resignation details will be presented to the Audit Committee and the Board of Directors.

Advik Capital Ltd. announced the outcome of its Board Meeting held on August 14, 2026. The Board approved the Audited Financial Results (Standalone and Consolidated) for the quarter and financial year ended March 31, 2026. Additionally, the Board approved the Un-audited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026, which were subjected to a Limited Review by the Statutory Auditors. The company also appointed M/s. G Mansi & Associates as the Internal Auditor for the financial year 2026-27.

Advik Capital Ltd's Board of Directors met on August 14, 2026, to approve the audited financial results for the fiscal year ended March 31, 2026, and the unaudited financial results for the quarter ended June 30, 2026. Both standalone and consolidated results were reviewed and recommended by the Audit Committee. The company also appointed M/s. G Mansi & Associates as its Internal Auditor for the financial year 2026-27. The auditor's report for the FY26 results indicated a net loss.

Advik Capital Ltd announced the outcome of its Board Meeting held on August 14, 2026. The Board approved the Audited Financial Results (Standalone and Consolidated) for the financial year and quarter ended March 31, 2026. Additionally, the Board approved the Un-audited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026, which were subjected to a limited review by the statutory auditors. The company also appointed M/s. G Mansi & Associates as the Internal Auditor for the financial year 2026-27.

Fairplan Distributors Private Limited has disclosed a reduction in its shareholding in Advik Capital Limited under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The acquirer sold 1,21,70,438 shares, representing 2.00% of Advik Capital's total voting capital. This transaction, conducted via open market, decreased Fairplan Distributors' holding from 23.74% to 21.74%. The sales occurred between June 12, 2026, and July 24, 2026.