Advik Capital Ltd

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.

Advik Capital Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is effective from July 1, 2026, and will remain in effect until 48 hours after the declaration of the unaudited financial results for the quarter ended June 30, 2026. The window will reopen after the declaration of financial results for the fiscal year ended March 31, 2026, and the quarter ended June 30, 2026, whichever is declared later. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. Promoters, directors, designated persons, and their immediate relatives are restricted from trading during this period. The company will separately intimate the dates of the board meetings to approve these financial results.

Advik Capital Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure will be effective from July 01, 2026, and will remain in effect until 48 hours after the declaration of the company's unaudited financial results for the quarter ended June 30, 2026. The company has informed its designated employees not to trade in its securities during this period, adhering to SEBI regulations. The date for the board meeting to consider these financial results will be announced later.

Advik Capital Ltd has disclosed that its Promoter has received a Provisional Attachment Order from the Directorate of Enforcement. The order relates to proceedings involving foreign entities and SEBI-registered FPIs concerning transactions under examination, including alleged ultimate beneficiaries and third-party predicate offenses. The company states that no predicate offense has been alleged against Advik Capital or its Promoters. The company is examining the matter and pursuing appropriate legal recourse. Advik Capital asserts that its business operations, financial position, customer commitments, and strategic priorities remain unaffected and continue to operate in the normal course.

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.

Advik Capital Ltd. announced that its Board of Directors approved a rights issue of fully paid-up equity shares worth up to Rs. 100 Crores at a meeting on April 9, 2026. The company also appointed Ms. Chhavi Gupta as the Company Secretary (Key Managerial Personnel) with immediate effect. The Board emphasized compliance with regulatory frameworks and fair market conduct, observing suspicious trading patterns and possible round-tripping of funds by certain entities. They have decided to monitor these activities and strengthen the company's capital and institutional framework.

Advik Capital Ltd held a Board Meeting on April 9, 2026, where they approved a Rights Issue of up to Rs. 100 Crores, emphasized compliance with regulatory frameworks for shareholding concentration, and appointed Ms. Chhavi Gupta as the Company Secretary. The company also noted suspicious trading patterns and is committed to strengthening its capital and institutional framework.

Fairplan Distributors Pvt Ltd has acquired 59.97% shares of Advik Capital Ltd. The acquisition was made in several tranches between October 03, 2025 and November 17, 2025. The total number of shares acquired is 4,21,07,979, which is 6.92% of the total diluted share/voting capital of Advik Capital Ltd before the acquisition.

Advik Capital Ltd. informs the Exchange about SEBI's Ex-Parte Interim Order against Elitecon International Limited and certain connected persons for alleged regulatory violations. SEBI has noted the receipt of ₹64 crore by Elitecon from Advik Capital during August 2024. The order includes prima facie observations on financial statement irregularities, misleading disclosures, and abnormal price movements. Advik Capital's legal dispute with Elitecon regarding the loan is ongoing and sub-judice before the Hon'ble High Court of Delhi. The company is diligently pursuing all available legal and regulatory remedies.

Advik Capital Ltd has announced the closure of the 'Trading Window' for designated persons and their immediate relatives. The closure will be effective from April 01, 2026, until 48 hours after the declaration of the Financial Results for the quarter and Financial Year ended March 31, 2026. The designated persons have been informed not to trade in the securities of the company during this period.