Announced Sat, 5 Sept · 13:05 IST
Advik Capital appoints new auditor, two independent directors resign
Multiple Ind Directors ResignedAuditor Resigned MidtermManagement Changes View source PDFExplain this filing
ADVIKCA · price
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Price reaction · full curve 14 horizons · vs prior close
-4.4%1-day move
₹1.14
prior close
₹1.12
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.9+0.0+0.0-4.4-5.3-7.9-9.6-12.3-12.3————
Up moveDown movePending
AI summary
Advik Capital board appointed M/s. MASAR & Co. as statutory auditor to fill the casual vacancy left by the resignation of KSMC & Associates, subject to shareholder approval. Two independent directors, Devender Kumar Garg (cited health issues) and Rajnish Kumar Gupta (family commitments), resigned effective September 5, 2026. Board committees were reconstituted. The 41st AGM is scheduled for September 30, 2026.
Likely market impact
Midterm auditor change and simultaneous exit of two independent directors may raise governance concerns. RPT approval pending shareholder vote at AGM.