Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015.
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Advik Capital has informed the stock exchanges that officials from the Enforcement Directorate (ED) visited the residence of the company's promoter and the office of another entity where he also holds a promoter interest. The ED visit was related to a decade-old matter involving unrelated third parties, with whom the promoter's entity had no dealings or underlying interests, but has been drawn into a wider inquiry. The company clarified that the visit concluded without any adverse outcome. Importantly, no visit or communication was made to Advik Capital itself, and the matter has no bearing on the company's business or financials.
No direct impact on Advik Capital's operations or financials as the ED visit was directed at the promoter personally and an unrelated entity, not the company. However, such news may cause short-term sentiment volatility or speculative trading in the stock until investors fully digest the clarification.