Outcome of Board Meeting held on May 23, 2025
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The board of Advik Capital met on May 23, 2025 and approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with an unmodified opinion from statutory auditors KSMC & Associates. On a consolidated basis, full-year revenue from operations more than doubled to Rs. 2,871.57 lakhs (vs Rs. 1,291.67 lakhs in FY24) and net profit rose about 29.5% to Rs. 823.33 lakhs (vs Rs. 635.63 lakhs), though the March quarter alone slipped into a loss of Rs. 122.23 lakhs versus Rs. 94.18 lakhs a year ago. Total assets expanded sharply to Rs. 33,399.73 lakhs (from Rs. 20,418.31 lakhs), driven mainly by a ~75% jump in the loan book to Rs. 29,062.27 lakhs and a near-doubling of borrowings to Rs. 15,282.08 lakhs; equity capital also rose to Rs. 6,085.20 lakhs via fresh share issuances. No dividend was recommended. The board also appointed Mrs. Nisha Mittal as Company Secretary (effective May 23, 2025), M/s G Mansi & Associates as Internal Auditor for FY26, and M/s Shubhangi Agarwal & Associates as Secretarial Auditor for five years (subject to shareholder approval). A postal ballot notice was approved to seek members' consent for key items, with subsidiary Advik Optoelectronics ceasing to be a subsidiary from September 30, 2024.
Strong full-year profit growth and a sharply expanding loan book signal aggressive business scaling, funded largely by higher borrowings and equity dilution, which may pressure margins and asset quality going forward. The Q4 loss, absence of a dividend, and pending postal ballot items are near-term watchpoints for shareholders.