TO APPOINT MS. CHHAVI GUPTA AS COMPANY SECRETARY AND KEY MANAGERIAL PERSONNEL
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Advik Capital's Board meeting on April 9, 2026 approved three items: (1) Noted suspicious trading patterns and coordinated share accumulation by certain entities, raising concerns about potential unfair market conduct and round-tripping; the Board decided to monitor these patterns and strengthen the company's capital framework. (2) Approved a rights issue of equity shares with a face value of Re. 1 each, raising up to Rs. 100 crores to eligible shareholders. (3) Appointed Ms. Chhavi Gupta, an Associate Member of ICSI and current Compliance Officer, as Company Secretary and Key Managerial Personnel under Section 203 of the Companies Act, 2013, effective immediately. She holds a B.Com degree from Delhi University and is not related to any director.
The appointment of Ms. Chhavi Gupta fills a critical compliance and governance role internally, which is positive for regulatory oversight. However, the flagged suspicious trading patterns and the large rights issue may raise investor caution regarding dilution and underlying governance concerns.