ADVIK Capital Limited Announces Postal Ballot Results: Share Capital Increase and Director Appointment Approved

ADVIK Capital Limited has announced the results of its postal ballot voting process, which concluded on December 31, 2025, at 5:00 PM IST. The company sought shareholder approval on three key resolutions through remote e-voting, with mixed outcomes reported to the BSE on January 2, 2026.

Postal Ballot Resolution Overview

The company presented three resolutions for shareholder consideration through the postal ballot notice dated November 29, 2025:

Resolution No.	Description	Type	Status
1	Increase in Authorized Share Capital and Consequential Amendment in Memorandum of Association	Ordinary	Approved
2	Appointment of Mr. Mukesh Kumar Puniani (DIN: 10009156) as Director	Ordinary	Approved
3	Appointment of Mr. Mukesh Kumar Puniani (DIN: 10009156) as Independent Director	Special	Not Approved

Voting Results and Participation

The postal ballot witnessed participation from shareholders holding a total of 60,85,20,425 shares as on the cut-off date of November 21, 2025. The voting results demonstrated varying levels of support across different resolutions:

Resolution 1: Authorized Share Capital Increase

Voting Category	Votes in Favour	Votes Against	Approval Rate
Total Votes	1,54,318,792	96,214,236	61.60%
Promoter Group	1,13,516,889	0	100.00%
Public Non-Institutions	40,801,903	96,214,236	29.78%

Resolution 2: Director Appointment

Voting Category	Votes in Favour	Votes Against	Approval Rate
Total Votes	1,54,290,182	96,242,866	61.58%
Promoter Group	1,13,516,889	0	100.00%
Public Non-Institutions	40,773,293	96,242,866	29.76%

Resolution 3: Independent Director Appointment

Voting Category	Votes in Favour	Votes Against	Approval Rate
Total Votes	1,54,290,042	96,242,914	61.58%
Promoter Group	1,13,516,889	0	100.00%
Public Non-Institutions	40,773,153	96,242,914	29.76%

Scrutinizer Report and Process

M/s. Shubhangi Agarwal & Associates, Practicing Company Secretaries, served as the appointed scrutinizer for the e-voting process. The scrutinizer was appointed by the Board of Directors on November 29, 2025, pursuant to Sections 108 and 110 of the Companies Act, 2013.

The remote e-voting process was conducted through National Securities Depository Limited (NSDL) platform, commencing from December 2, 2025, at 9:00 AM and concluding on December 31, 2025, at 5:00 PM. The votes were unblocked on December 31, 2025, in the presence of two independent witnesses.

Key Observations

The voting pattern revealed strong support from the promoter group across all resolutions, with 100.00% approval rates. However, public non-institutional shareholders showed significant opposition, with approximately 70% voting against each resolution. Despite this opposition, the first two ordinary resolutions achieved the required majority threshold, while the special resolution for independent director appointment, requiring a higher approval threshold, failed to pass.

The company has confirmed that the approved resolutions will be implemented as per the regulatory requirements, while the rejected special resolution will not proceed. All voting records and related documents remain in the safe custody of the scrutinizer until further authorization from the company's management.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.27%	+3.05%	-1.46%	-15.63%	-39.19%	+187.23%

Advik Capital Limited has received a favorable outcome from the Securities and Exchange Board of India (SEBI) regarding a regulatory matter. The company announced on December 20 that SEBI has issued an adjudication order confirming no adverse action against the firm.

SEBI Adjudication Order Details

SEBI issued Adjudication Order No. Order/AK/GN/2025-26/31848-31890 dated December 19, following its investigation into certain trading transactions. The order explicitly confirms that no adverse findings, directions, or penalties have been imposed on Advik Capital, its promoter, or associated persons.

Parameter	Details
Order Number	Order/AK/GN/2025-26/31848-31890
Order Date	December 19
Authority	Securities and Exchange Board of India (SEBI)
Subject Matter	Trading transactions in equity shares of another BSE-listed company
Outcome	No adverse findings, directions, or penalties

The matter originated from a Show Cause Notice (SCN) dated February 13, which the company had previously disclosed to the exchanges on February 18. The notice pertained to certain trading transactions in equity shares of another BSE-listed company, undertaken by Advik Capital, its promoter, and certain other associated persons.

Company's Response to Misleading Communications

Advik Capital has expressed concern about unauthorized and misleading communications that have been circulated regarding the SEBI matter. The company stated that certain persons, apparently acting with malafide intent, have distributed communications that selectively emphasize the issuance of the Show Cause Notice while ignoring the actual outcome.

According to the company's disclosure, these communications have:

Falsely portrayed the company as being under scrutiny regarding its businesses and governance
Been intended to damage the company's reputation
Aimed to mislead investors and influence public perception

Impact Assessment

The company has confirmed that there is no impact on its financial, operational, or other activities as a result of the SEBI order. This assessment is based on the fact that no adverse findings, directions, or penalties were imposed on Advik Capital, its promoter, or associated persons.

Stakeholder Advisory

Advik Capital has strongly urged all stakeholders to disregard any unverified or unauthorized communications related to this matter. The company emphasized that stakeholders should rely solely on official disclosures for accurate and complete information about the company's regulatory status and business operations.

The complete SEBI adjudication order is available on the SEBI website for public review, providing transparency regarding the regulatory authority's final decision on the matter.