Advik Capital Ltd

AGM Details

• The 41st AGM was held on 30 September 2026 at 2:00 PM IST via VC/OAVM.

Key Resolutions

• Adoption of Audited Financial Statements for FY ended March 31, 2026.
• Re-appointment by rotation of Narendra Kumar Singhal.
• Appointment of MASAR & CO as statutory auditors to fill casual vacancy until ensuing AGM.
• Appointment of MASAR & CO as statutory auditors and fix remuneration.
• Re-appointment of Sony Kumari as Independent Director.
• Approval of material related party transactions proposed for FY 2026-27.
• Ratification of material related party transactions for FY 2025-26.

Voting Status

• Consolidated voting results to be declared within the prescribed time.

Advik Capital Ltd: Trading Window closed from October 01, 2026 until the expiry of 48 hours after the declaration of the Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2026.

Financial performance

• Standalone total income ₹442.89 L; consolidated ₹292.36 L.
• Revenue from operations ₹428.11 L (standalone), ₹136.55 L (consolidated).
• Standalone net loss ₹1,871.51 L; consolidated net loss ₹2,207.00 L.
• Standalone EPS ₹-0.31; consolidated EPS ₹-0.36.
• Standalone finance costs ₹1,443.11 L; impairment ₹1,286.82 L; total expenses ₹3,016.50 L.
• Rights issue up to ₹100 crore approved; BSE in-principle approval received.
• Board did not declare dividend for FY2025-26.
• Going concern considerations noted; rights issue expected to strengthen funding.

Capital structure & fundraising

• Authorized share capital raised to ₹125 crore; SH-7 filing pending.
• Issued and paid-up share capital ₹60.85 crore (60,85,20,425 shares).
• Rights issue approved up to ₹100 crore; May 2026 BSE in-principle approval.
• Promoter group and major shareholders disclosed in annual report.

Subsidiaries and governance

• Advikca Finvest Limited (Wholly owned) designated material subsidiary; turnover negative; net loss ₹355.49 L.
• Board comprises six directors; three executive, three independent.
• Ms. Sony Kumari reappointed as Independent Director for second term from 28 Dec 2026.
• M/s MASAR & Co appointed as Statutory Auditors; KSMC & Associates resigned Aug 15, 2026.

Audit, risk and controls

• Independent Audit: Qualified opinion due to insufficient loan balance confirmations for ₹92.40 Cr.
• Related party transactions: material items not fully approved; actions being addressed.
• Going concern: losses incurred but management expects funding via rights issue.
• Internal controls: internal audit reports not fully available; audit notes limitations.

Related party transactions

• FY2025-26 related party transactions largely arm's length; some approvals pending.
• FY2026-27 RPT proposal includes intercompany loans, guarantees, with specified limits.
• Audit Committee reviewed RPTs; board to seek member approvals.
• RPT disclosures available on the company website.

Business developments & strategy

• Focus on NBFC financing, inter-corporate investments, and capital markets.
• Advikca Finvest Limited as material subsidiary; funding diversification planned.
• MD&A: growth via diversification, expanded product portfolio, and branch network.

Dividend, CSR and governance

• Dividend for FY2025-26 not recommended to conserve resources.
• CSR spend ₹23.00 L; exceeds 2% CSR threshold (₹21 L); some prior-year unspent balance carried forward.
• Governance: board independence; certificate of compliance from PCS; adherence to SEBI LODR.

AGM details

• Date, time, mode: 30 Sep 2026 at 02:00 PM via VC/OAVM.
• AGM venue deemed at registered office; e-AGM conducted via VC/OAVM.
• Register of Members closed 24–30 Sep 2026 (inclusive).
• Remote e-voting window: 27–29 Sep 2026.

Key resolutions

• Adopt Audited Financial Statements for year ended 31 March 2026 (Ordinary).
• Re-appoint Narendra Kumar Singhal after rotation (Ordinary).
• Appoint Masar & Co as Statutory Auditor to fill casual vacancy (Ordinary).
• Appoint Masar & Co as Statutory Auditor for five years (Ordinary).
• Re-appoint Sony Kumari as Independent Director for second term (Special Resolution).
• Approve material related party transactions for FY2026-27 (Ordinary).
• Ratify material related party transactions for FY2025-26 (Ordinary).

Voting/results

• Voting results not disclosed in the filing.

Dividend

• Dividend not proposed in this AGM.

Directors and auditors

• Re-appointment of Narendra Singhal as director (ordinary).
• Re-appointment of Sony Kumari as Independent Director (special).
• Auditors: KSMC & Associates resigned; Masar & Co appointed to fill casual vacancy.
• Masar & Co appointed as Statutory Auditor for five years.

Related party transactions

• Approve material RPTs for FY2026-27 within specified aggregate limits.
• RPTs to be ordinary course and arm's length; board authorized to finalize.

Other material approvals

• No other material approvals disclosed.

Promoter arrest and ongoing assessment

• Disclosure under Regulation 30 on promoter arrest by Directorate of Enforcement under PMLA.
• Promoter Mr. Vikas Garg was taken into custody on July 14, 2026.
• Company is evaluating development with legal advisors and will act as required by law.
• Operations continue in ordinary course; no material impact on business.
• Estimated amount involved not ascertainable.
• Regulatory details enclosed in Annexure 1.

Dematerialisation/rematerialisation status

• Details of dematerialised and rematerialised securities during the period were furnished to all stock exchanges.