Proceedings of the 40th Annual General Meeting of the Company.
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Advik Capital Ltd held its 40th Annual General Meeting on September 26, 2025, via video conferencing, attended by 45 members. The meeting was chaired by Independent Director Ms. Swati Gupta, with CEO Mr. Narendra Kumar Singhal and Company Secretary Ms. Nisha Mittal also present. A total of 9 resolutions were transacted, including adoption of FY2024-25 audited financial statements, re-appointment of Mr. Pankaj as a director, and appointment of M/s. Shubhangi Agarwal & Associates as secretarial auditor. Notably, several special resolutions were passed seeking shareholder approval to increase authorized share capital, raise funds through securities issuance, expand borrowing limits under Section 180(1)(c), and enhance loan/investment limits under Section 186. The meeting concluded in about 12 minutes, with consolidated voting results and the scrutinizer's report to be filed with BSE within the prescribed timeline.
The special resolutions signal that the company is preparing to raise fresh capital and expand its borrowing capacity, which may lead to a potential equity dilution or debt raise in the near term. Shareholders should watch for the formal voting results and any follow-up announcement on the fundraising plans, as these could affect shareholding and stock price.