Advik Capital Limited Initiates Criminal Proceedings to Safeguard Shareholder Interests
Advik Capital Limited, a non-deposit-taking Non-Banking Financial Company (NBFC), announced on June 2, 2026, that it has initiated criminal proceedings against certain persons and entities in a step designed to safeguard shareholder interests.The company stated that this action follows earlier public announcements regarding concerns identified in relation to transactions involving its securities.
Advik Capital Limited has filed a criminal complaint under the provisions of the Bharatiya Nagarik Suraksha Sanhita, 2023. The complaint names Fairplan Distributors Private Limited and several other individuals, alleging offences under the Bharatiya Nyaya Sanhita, 2023, concerning transactions involving the company's securities.
The legal process commenced following an order dated May 30, 2026, where the Hon'ble Court directed the complaint be processed according to law and ordered the issuance of notices to the proposed accused persons. The matter is currently listed before the Hon'ble Court on June 6, 2026.
The company emphasized that the initiation of these proceedings reflects its commitment to robust corporate governance, accountability, and the protection of long-term shareholder value. Advik Capital Limited stated that it is addressing all such matters through appropriate legal processes.
Despite the proceedings, the company reaffirmed its focus on its growth agenda. Advik Capital is actively pursuing initiatives aimed at strengthening its capital base, enhancing its net worth, and supporting future business expansion.
Advik Capital Limited, headquartered in New Delhi, is registered with the Reserve Bank of India as a non-deposit-taking NBFC (Registration No. B-14.00724). The company aims to expand its operations and strategically tap into opportunities in the growing economy, serving various industries through its expertise and innovative approach.
Stock Price Movement
At 12:38, Advik Capital Ltd shares are holding steady at ₹1.33, registering no change for the day. Throughout the trading session, the stock has ranged between a low of ₹1.31 and a high of ₹1.34.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.