Appointment of Company Secretary of the Company.
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Awaiting price reaction for this filing.
Advik Capital's board, meeting on May 23, 2025, approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with an unmodified (clean) opinion from statutory auditor KSMC & Associates. Consolidated FY25 revenue from operations more than doubled to ₹2,871.57 lakh (vs ₹1,291.67 lakh in FY24), while net profit rose about 30% to ₹823.33 lakh (vs ₹635.63 lakh). However, Q4 FY25 slipped into a net loss of ₹122.23 lakh versus a ₹94.18 lakh loss in Q4 FY24, mainly due to higher finance costs and impairment provisions. The board appointed Mrs. Nisha Mittal (already serving as Compliance Officer) as the Company Secretary and Key Managerial Personnel, named M/s G Mansi & Associates as Internal Auditor for FY26, and proposed M/s Shubhangi Agarwal & Associates as Secretarial Auditor for 5 years subject to shareholder approval. A postal ballot notice was also cleared to seek member approvals on key items.
Strong full-year profit growth and a clean audit opinion are positives, but the Q4 loss and the doubling of borrowings alongside a sharp rise in loans may concern investors about asset quality and leverage. The appointments strengthen governance, though no immediate re-rating trigger is evident.