Outcome of circular Resolution Passed by the Board of Directors on November 29, 2025.
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The Board of Directors of Advik Capital Ltd has approved, through a circular resolution dated November 29, 2025, an increase in the company's Authorized Share Capital from Rs. 75 crore (75 crore equity shares of Re. 1 each) to Rs. 125 crore (125 crore equity shares of Re. 1 each), a rise of about 67%. This change also requires a corresponding amendment to the capital clause of the company's Memorandum of Association. The Board has decided to seek shareholders' approval for this capital hike, as well as for the regularization of director Mr. Mukesh Kumar Puniani (DIN: 10009156) who was appointed earlier under SEBI's Regulation 17(1C). Shareholders will vote through a postal ballot with e-voting conducted by NSDL from December 02 to December 31, 2025. The cut-off date for voting eligibility is November 21, 2025, and the postal ballot notice will be dispatched on December 01, 2025.
The authorized capital increase does not issue new shares immediately but gives the company room to raise fresh equity in the future, which could lead to dilution for existing shareholders if those shares are eventually issued. Shareholders should participate in the postal ballot, as their approval is needed for both the capital expansion and the director's regularization.