Notice of Postal Ballot Through e-Voting Dated November 29, 2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Advik Capital Ltd has issued a Postal Ballot notice dated November 29, 2025 seeking shareholder approval through remote e-voting on three key items. First, the company proposes to increase its authorized share capital from Rs. 75 crore to Rs. 125 crore (equity shares of Re. 1 each) to accommodate future business growth and expansion, as the current paid-up capital of about Rs. 60.85 crore is close to the authorized limit. Second, the company seeks approval for the appointment of Mr. Mukesh Kumar Puniani (DIN: 10009156) as a Director, who was earlier inducted as an Additional Director on October 15, 2025. Third, shareholders will vote on appointing him as an Independent Director for a 5-year term effective October 15, 2025. The e-voting window runs from December 02, 2025 (9:00 a.m.) to December 31, 2025 (5:00 p.m.), with the cut-off date for eligibility being November 21, 2025. Results will be announced on or before January 02, 2026, with NSDL providing the e-voting platform.
If approved, the higher authorized capital gives the company room to issue new shares for fundraising or expansion without needing another shareholder vote soon. The addition of a new Independent Director brings an extra layer of board oversight, which is generally seen as positive for governance.