Notice of Postal ballot Through E-Voting Dated May 23, 2025.
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Awaiting price reaction for this filing.
Advik Capital Ltd has issued a postal ballot notice seeking shareholder approval for four resolutions via remote e-voting. The voting window runs from June 3, 2025 to July 2, 2025, with results to be announced by July 4, 2025. The key resolutions include the appointment of Mr. Narendra Kumar Singhal (DIN: 10800406) as Director and as Whole-Time Director for a 5-year term (December 2, 2024 to December 1, 2029) at an annual remuneration of Rs. 9 Lakhs plus variable pay and perquisites. Additionally, the company seeks approval for the appointment of Mr. Rajnish Kumar Gupta (DIN: 08483800) as Director and as Non-Executive Independent Director for a 5-year term (December 31, 2024 to December 30, 2029). The scrutinizer for the process is M/s Shubhangi Agarwal & Associates, and NSDL has been engaged to provide the e-voting facility.
These are routine corporate governance approvals for director appointments already made by the Board. The proposed Whole-Time Director remuneration of Rs. 9 Lakhs per annum is modest and unlikely to materially affect financials. No direct impact on share price is expected, though shareholder approval will formalize the board composition.