Promoter Vikas Garg taken into ED custody under PMLA
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Advik Capital disclosed that its promoter Vikas Garg was taken into custody by the Enforcement Directorate on July 14, 2026 under the Prevention of Money Laundering Act, 2002. The action is linked to ongoing ED proceedings examining transactions involving certain foreign entities and SEBI-registered Foreign Portfolio Investors and their investments in listed companies. The company says the development has no material impact on business operations, which continue in the ordinary course. Amount involved is not ascertainable. This follows earlier disclosures from April 2025 and June 2026.
Negative sentiment risk for stock due to promoter custody under anti-money-laundering law, though company claims no material business impact.