Outcome of Board meeting held on September 04, 2025.
Price
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Awaiting price reaction for this filing.
The board of Advik Capital Ltd met on September 4, 2025 and approved a plan to raise up to Rs. 300 Crores by issuing and allotting securities, in one or more tranches, through any permissible method to be decided later. To support this fundraising, the board approved doubling the company's authorized share capital from Rs. 75 Crores to Rs. 150 Crores. Members' approval for these proposals will be sought at the company's 40th Annual General Meeting, which has been scheduled for Friday, September 26, 2025 at 12:30 PM via video conferencing. The register of members and share transfer books will remain closed from September 20 to September 26, 2025 (both days inclusive) for the purpose of the AGM. The meeting commenced at 1:00 PM and concluded at 2:20 PM.
This is a sizeable potential dilution event — up to Rs. 300 Crores of new securities could meaningfully expand the share base once the instrument and pricing are finalized, which may pressure the stock price depending on the issue terms. Existing shareholders should track the price and structure of the eventual issuance, and vote on the enabling resolutions at the AGM on September 26, 2025.