40th Annual Report of Advik Capital Limited
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Advik Capital Limited has submitted its 40th Annual Report for FY 2024-25 to BSE, along with the notice for the 40th Annual General Meeting scheduled for September 26, 2025 via video conferencing. Key business items to be tabled at the AGM include adoption of audited FY25 financials, re-appointment of Mr. Pankaj as director, doubling of authorized share capital from Rs. 75 crore to Rs. 150 crore, and approval to raise funds up to Rs. 300 crore through equity, GDRs, FCCBs, or other securities. The company is also seeking shareholder approval to increase its borrowing limit to Rs. 750 crore and to undertake related party transactions up to Rs. 100 crore for FY 2025-26. A new secretarial auditor, M/s Shubhangi Agarwal & Associates, has been proposed for a five-year term from FY 2025-26 to FY 2029-30.
The proposals signal significant capital-raising plans, including a possible equity dilution given the proposed authorized share capital doubling and Rs. 300 crore fundraising plan. Shareholders should note the expanded borrowing ceiling (Rs. 750 crore) and related party transaction approval (Rs. 100 crore), which could impact existing shareholders' interests depending on pricing and dilution.