TO CONSIDER AND DELIBERATE UPON THE COMPANY'S BUSINESS, AUGMENT THE CAPITAL BASE AND RESOURCES FURTHER GROWTH, RAISING OF FUNDS, BY WAY OF ISSUANCE OF SECURITIES, SUBJECT TO APPLICABLE ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Advik Capital noted suspicious trading patterns involving certain entities potentially engaged in coordinated accumulation of shares, possible round-tripping and routing of funds. The Board decided to monitor these patterns and strengthen the company's capital and institutional framework. Separately, the Board approved a Rights Issue of fully paid-up equity shares with a face value of Re. 1 each, for an amount not exceeding Rs. 100 crores, to eligible equity shareholders. Additionally, Ms. Chhavi Gupta was appointed as Company Secretary and Key Managerial Personnel, effective immediately.
The rights issue of up to Rs. 100 crore will dilute existing shareholders but strengthens the capital base. The flagged suspicious trading patterns may attract regulatory scrutiny and could impact investor sentiment in the near term.