Advik Capital Ltd Board Approves Rights Issue and Appoints Company Secretary
Advik Capital Ltd, during its Board meeting held on April 9, 2026, considered and approved several key business items, including a plan to raise capital through a rights issue and the appointment of a new Company Secretary.The Board meeting addressed an alert concerning influence and shareholding concentration. Following notations of recent SAST disclosures by a shareholder and related developments, the Board observed suspicious trading patterns that showed apparent coordinated intent, potential round tripping or routing of funds by certain entities aiming to accumulate influence and shareholding concentration. The Board noted these patterns raised reasonable doubts regarding the adoption of fair market conduct by the concerned parties. Consequently, the company decided to monitor these patterns and developments, while also continuing measures to strengthen its capital and institutional framework to support long-term business objectives and stability.
In its capital planning initiatives, the Board also approved the raising of funds via a rights issue. This involves the issuance of fully paid-up equity shares of face value of Re. 1/each to eligible equity shareholders for an amount not exceeding Rs. 100 Crores (Rupees One Hundred Crores Only).
Furthermore, the Board of Directors appointed Ms. Chhavi Gupta as the Company Secretary (Key Managerial Personnel) with immediate effect. This appointment was made on the recommendation of the Nomination and Remuneration Committee. Ms. Chhavi Gupta, who is already serving as the Compliance Officer, is an associate member of the Institute of Company Secretaries of India.
Key details regarding the appointment are as follows:
| Particulars | Details |
|---|---|
| Name of the Company Secretary | Ms. Chhavi Gupta |
| Reason for change | Appointment |
| Date of appointment | April 9, 2026 |
| Profile Summary | Ms. Chhavi Gupta is an Associate Member of the Institute of Company Secretaries of India and holds a Bachelor's degree in Commerce from the University of Delhi. She possesses strong academic knowledge of corporate laws, secretarial practices, and regulatory compliance. |
| Relationship with Directors | Not related to any of the Directors |
The Board meeting commenced at 11:30 A.M. and concluded at 12:55 P.M. Advik Capital Ltd is a BSE Listed Company.
Stock Price Movement
As of 1:13 PM, Advik Capital Ltd shares are dipping to ₹1.75, marking a 1.13% drop for the day. The stock navigated its session range, trading between ₹1.71 and ₹1.79.Source:
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