Advik capital Limited has announced the appointment of Ms. Chhavi Gupta as Compliance Officer, effective April 2, 2026. The BSE-listed company made this disclosure in compliance with Regulation 30 read with Regulation 6 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

Ms. Chhavi Gupta brings professional qualifications and relevant experience to her new role. The company has provided comprehensive details about the appointment as required under regulatory guidelines.

Professional Background

Ms. Gupta is an Associate Member of the Institute of Company Secretaries of India (ICSI) and possesses the requisite qualifications to effectively discharge the responsibilities of the Compliance Officer position. Her professional experience encompasses corporate secretarial functions, statutory compliance, corporate governance, and other allied matters. The company has confirmed that she is not related to any Director of the Company.

Future Considerations

Advik Capital Limited has indicated that Ms. Gupta's appointment as Company Secretary and Key Managerial Personnel (KMP) pursuant to Section 203 of the Companies Act, 2013, will be considered by the Board of Directors at its ensuing meeting. This potential dual role would expand her responsibilities within the organization's governance structure.

Regulatory Compliance

The appointment notification was submitted to BSE Limited, where Advik Capital Limited is listed with scrip code 539773. The disclosure follows the requirements of SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023, ensuring full regulatory compliance. The company's registered office is located at 203, Pearl Best Height-2, Netaji Subhash Place, Pitampura, New Delhi - 110034.

Advik Capital Limited has disclosed that the Securities and Exchange Board of India (SEBI) has issued an ex-parte interim order against Elitecon International Limited and associated entities, while the company's loan recovery case continues through judicial proceedings.

SEBI Interim Order Details

SEBI issued the interim order dated March 30, 2026, under the SEBI Act, 1992, directing action against Elitecon International Limited, its promoter, and certain connected persons. The regulatory action stems from alleged violations concerning Elitecon's securities and disclosure requirements.

Financial Transaction and SEBI Observations

SEBI's examination revealed that Elitecon received ₹64 crore during August 2024 through banking channels from Advik Capital. This amount corresponds to the loan advanced by Advik Capital to Elitecon, which forms the basis of ongoing legal proceedings.

The regulatory body has recorded prima facie observations relating to several concerning areas:

• Financial statement irregularities
• Misleading disclosures by Elitecon
• Significant changes in share capital and promoter shareholding
• Abnormal movements in price and trading volumes of Elitecon's scrip during the examination period

Ongoing Judicial Proceedings

The transaction between Advik Capital and Elitecon remains subject to multiple legal proceedings across different forums.

The ad-interim order from the High Court of Delhi continues to restrain Elitecon and its directors from creating third-party rights over their assets. This protective measure remains operative while the main case proceeds.

Company's Legal Strategy

Advik Capital stated it is diligently pursuing all available legal and regulatory remedies in the matter. The company emphasized that the legal nature, characterization, and accounting treatment of the ₹64 crore transaction remain exclusively sub-judice before the Hon'ble High Court of Delhi.

The company has committed to making timely disclosures upon material developments in accordance with applicable law, while maintaining that the current disclosure is made without prejudice to all rights, contentions, and remedies in pending or future proceedings.

About Advik Capital Limited

Advik Capital Limited is a New Delhi-headquartered Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India as a non-deposit-taking NBFC under Registration No. B-14.00724. The company primarily focuses on providing loans and ancillary financial services, with operations aimed at addressing diverse industry needs in India's growing economy.