ADVIK Capital Limited's board of directors convened on April 9, 2026, to address several critical corporate matters, including capital raising initiatives, key personnel appointments, and governance concerns related to shareholding patterns. The meeting was held at the company's corporate office in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Rights Issue Approval for Capital Strengthening

In line with its capital planning initiatives and to further strengthen the company's capital base for sustainable growth, the board approved raising funds through the issuance of securities by way of a rights issue of fully paid-up equity shares. The rights issue will be offered to eligible equity shareholders with all necessary authorizations and approvals accorded by the board.

Company Secretary Appointment

On the recommendation of the Nomination and Remuneration Committee, the board appointed Ms. Chhavi Gupta as Company Secretary and Key Managerial Personnel under Section 203 of the Companies Act, 2013, effective immediately. Ms. Gupta, who was previously serving as Compliance Officer of the company, brings extensive expertise to her new role.

Ms. Gupta possesses strong academic knowledge of corporate laws, secretarial practices, regulatory compliance, corporate governance, and allied legal and regulatory matters.

Shareholding Concentration Alert and Governance Concerns

The board addressed significant governance concerns regarding recent shareholding activities and issued a formal influence and shareholding concentration alert. The board noted recent SAST disclosures made by a shareholder and emphasized that any accumulation of influence or shareholding must comply with applicable regulatory and governance frameworks and fair market conduct.

Though no conclusion is being drawn at this stage, the board observed suspicious trading patterns and possible round tripping of funds by certain entities for accumulating influence and shareholding concentration. The company decided to monitor these patterns and developments while taking appropriate measures to strengthen its capital and institutional framework. The company expressed full faith in India's regulatory ecosystem to uphold market integrity and protect genuine stakeholders and investors.

Meeting Details and Compliance

The board meeting commenced at 11:30 A.M. and concluded at 12:55 P.M. on April 9, 2026, at the company's corporate office. All decisions were made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, ensuring proper disclosure to stakeholders and regulatory authorities.

Fairplan Distributors Private Limited has filed comprehensive disclosures under SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations following its strategic acquisition of shares in Advik Capital Limited. The acquisitions, conducted through multiple open market transactions between October 2025 and March 2026, have resulted in Fairplan holding a substantial 23.46% stake in the target company.

Acquisition Overview

The disclosure encompasses eight separate acquisition tranches under Regulations 29(1) and 29(2) of SAST Regulations. Fairplan Distributors, a Kolkata-based private limited company with CIN U51909WB2010PTC141174, has confirmed that it does not belong to the promoter or promoter group of Advik Capital Limited.

Sequential Acquisition Details

The share acquisitions occurred in a systematic manner across multiple disclosure periods:

Initial Acquisition (Regulation 29(1))

The first major acquisition involved 4,21,07,979 shares representing 6.92% of the total share capital. These shares were purchased between October 08, 2025, and November 18, 2025, across nine trading sessions.

Subsequent Acquisitions (Regulation 29(2))

Following the initial acquisition, Fairplan continued purchasing shares through seven additional tranches:

Transaction Timeline

The acquisitions spanned approximately five months, demonstrating a sustained investment strategy:

• October 2025: Initial purchases began on October 08, 2025
• November 2025: Continued acquisitions through November 24, 2025
• December 2025: Multiple purchase dates throughout the month
• January 2026: Extended acquisition period from December 26, 2025, to January 28, 2026
• February-March 2026: Final acquisitions completed by March 27, 2026

Regulatory Compliance

All acquisitions have been properly disclosed under the applicable SAST Regulations, with detailed breakdowns provided for each transaction date. The disclosures include comprehensive information about voting rights, share encumbrances, and diluted share capital calculations. Fairplan has confirmed that no warrants, convertible securities, or other instruments entitling voting rights were involved in these transactions.

Final Shareholding Position

As of the latest disclosure dated March 27, 2026, Fairplan Distributors Private Limited holds 14,27,77,126 equity shares, representing 23.46% of Advik Capital Limited's total voting capital. This substantial shareholding positions Fairplan as a significant stakeholder in the company, though it maintains its status as a non-promoter entity.