Notice of 40th Annual General Meeting to be held on Friday, September 26, 2025
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Advik Capital has called its 40th AGM on Friday, September 26, 2025 at 12:30 PM via Video Conferencing. Ordinary business includes adopting FY25 audited financial statements and re-appointing Mr. Pankaj (DIN: 10140086) as a director liable to retire by rotation. Key special business includes proposals to double the authorized share capital from Rs. 75 Crore to Rs. 150 Crore, and to raise up to Rs. 300 Crore through equity shares, GDRs, FCCBs or other securities. The board is also seeking shareholder approval to raise the borrowing limit to Rs. 750 Crore, increase limits for loans and investments to Rs. 750 Crore under Section 186, and approve related party transactions of up to Rs. 100 Crore for FY26. Additionally, M/s. Shubhangi Agarwal & Associates is proposed to be appointed as Secretarial Auditor for five years (FY26 to FY30). E-voting runs from September 23 to September 25, 2025, with the cut-off date set as September 19, 2025.
Shareholders are being asked to approve significant capital expansion plans — a potential Rs. 300 Crore equity raise that could lead to share dilution, alongside much higher borrowing and lending limits. Voting outcomes at the AGM will shape the company's growth funding strategy and may affect existing shareholders' equity stake.