Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015.
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Advik Capital Ltd informed the stock exchange that officials from the Enforcement Directorate (ED) visited the residence of the company's Promoter and its office on April 16, 2025. The visit was related to an ongoing investigation involving a third-party and a related transaction. The company stated that full cooperation was extended and the visit concluded on the same day without any adverse inferences. The company clarified that this event is not expected to have any significant impact on its financials, operations, or business functions.
While the company has downplayed the impact, an ED visit related to a transaction involving the promoter can create short-term uncertainty among investors and may put mild pressure on the stock sentiment. Long-term impact will depend on whether the investigation leads to any further action against the company or its promoter.