Advik Capital Limited held its 41st Annual General Meeting (AGM) on September 30, 2026, through video conferencing. The meeting focused on the adoption of audited financial statements for the fiscal year ended March 31, 2026, and the appointment of new statutory auditors.

The company’s Board of Directors, led by Whole-Time Director and CEO Narendra Kumar Singhal, presented the company’s business strategy, growth plans, and financial performance to shareholders. Director and CFO Pankaj provided insights into future prospects and a SWOT analysis during the session.

Key resolutions passed

Shareholders voted on several critical items of business, including the re-appointment of directors and auditor appointments. The following resolutions were transacted:

Auditor changes and governance updates

A significant update involved the change in statutory auditors. The company appointed M/s MASAR & Co., Chartered Accountants, to fill the casual vacancy caused by the resignation of M/S KSMC & Associates. This appointment is valid until the conclusion of the ensuing AGM. Additionally, the remuneration for MASAR & Co. was fixed by the members.

The meeting also addressed related party transactions. Shareholders approved material related party transactions proposed for FY27 and ratified those entered into during FY26. These measures ensure compliance with regulatory requirements regarding transparency in dealings with related entities.

Meeting proceedings and attendance

The AGM commenced at 2:00 pm and concluded at 2:38 pm. The quorum was met, and voting was conducted electronically via remote e-voting and live e-voting during the meeting. The scrutinizer’s report and consolidated voting results are to be declared within the prescribed time and submitted to BSE Limited.

Directors present included Narendra Kumar Singhal (Chairperson), Pankaj (Director cum CFO), Swati Gupta (Independent Director), and Sony Kumari (Independent Director). Chhavi Gupta served as Company Secretary and Compliance Officer.

Advik Capital will hold its 41st Annual General Meeting on September 30, 2026, to approve the appointment of M/s. MASAR & Co. as statutory auditor and ratify material related party transactions from FY25-26.

The board accepted the resignations of independent directors Mr. Devender Kumar Garg and Mr. Rajnish Kumar Gupta with immediate effect. Both cited personal reasons for their departure.

Auditor Appointment Details

The board recommended the appointment of MASAR & Co. for a five-year term starting from the conclusion of the 41st Annual General Meeting until the conclusion of the 46th AGM in 2031. This follows the resignation of M/s. KSMC & Associates, which tendered its resignation effective August 15, 2026, creating a casual vacancy.

Board Resignations and Committee Reconstitution

Mr. Devender Kumar Garg resigned citing deteriorating health, specifically hypertension and diabetes. He confirmed there were no other material reasons for his resignation. Mr. Garg also serves as an independent director at Ebix Limited.

Mr. Rajnish Kumar Gupta resigned due to family commitments and other personal obligations. He similarly confirmed no other material reasons existed for his cessation.

Consequent to these resignations, the board reconstituted its committees:

• Audit Committee: Ms. Swati Gupta (Chairperson), Ms. Sony Kumari (Member), Mr. Pankaj (Member)
• Nomination and Remuneration Committee: Mr. Mukesh Kumar Puniani (Chairperson), Ms. Swati Gupta (Member), Ms. Sony Kumari (Member)

Director Reappointments

The AGM notice includes resolutions for the reappointment of Mr. Narendra Kumar Singhal, who retires by rotation. Additionally, shareholders are asked to approve the reappointment of Ms. Sony Kumari as an independent director for a second term of five years, commencing December 28, 2026.

Ms. Kumari, a qualified Company Secretary with over eight years of experience, was initially appointed in December 2021. Her reappointment requires a special resolution under Section 149(10) of the Companies Act, 2013.

Related Party Transactions

The board approved related party transactions pursuant to Section 188 of the Companies Act and Regulation 23 of SEBI Listing Regulations, subject to member approval. The AGM will also seek ratification for material related party transactions entered into during FY25-26, which were previously placed before members but did not receive requisite approval at the September 2025 meeting.

Proposed limits for FY26-27 related party transactions include:

Transactions involve providing or receiving loans, advances, inter-corporate deposits, guarantees, and securities on an arm's length basis.

AGM Logistics

The company will convene its 41st Annual General Meeting on Wednesday, September 30, 2026, at 2:00 pm via Video Conferencing or Other Audio-Visual Means. The register of members will remain closed from September 24, 2026, to September 30, 2026.