Advik Capital Promoter Taken into Custody by Directorate of Enforcement
Advik Capital Limited has announced that one of its promoters, Mr. Vikas Garg, was taken into custody by the Directorate of Enforcement on July 14, 2026. The action was initiated under the provisions of the Prevention of Money Laundering Act, 2002.The investigation pertains to proceedings involving the examination of transactions associated with certain foreign entities and SEBI-registered Foreign Portfolio Investors (FPIs). These matters involve investments in various listed companies and related concerns.
The company is currently evaluating the development in coordination with legal advisors to determine appropriate steps under applicable law. Advik Capital has stated that this development has no material impact on its business operations, which continue in the ordinary course of business.
| Event Details | Information |
|---|---|
| Person Involved | Mr. Vikas Garg |
| Nature of Action | Custody by Directorate of Enforcement under the Prevention of Money Laundering Act, 2002 |
| Date of Occurrence | July 14, 2026 |
| Impact on Operations | No material impact |
| Amount Involved | Not ascertainable |
Stock Price Movement
As of 10:31, Advik Capital Ltd shares are sliding to ₹1.21, a 3.20% drop. The shares have moved between an intraday low of ₹1.18 and a high of ₹1.26.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.
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