ADVVK Capital Limited has announced the resignation of its Company Secretary and Compliance Officer, Ms. Nisha Mittal, effective March 06, 2026. The BSE-listed company informed the stock exchange about this key managerial personnel change in compliance with regulatory requirements.

Resignation Details

Ms. Nisha Mittal, who served as Company Secretary and Compliance Officer and was designated as a Key Managerial Personnel (KMP) of the company, submitted her resignation citing personal reasons and to pursue other career opportunities. The company has confirmed that there are no other material reasons for her resignation apart from those stated in her resignation letter.

Regulatory Compliance

The intimation was made to BSE Limited in compliance with Regulation 30 read with Part A of Schedule III and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided all requisite details pursuant to Regulation 30 of the Listing Regulations read with SEBI Master Circular bearing Reference No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Transition Arrangements

In her resignation letter, Ms. Mittal assured the Board of Directors that she would extend full cooperation to ensure a smooth transition of her responsibilities. This includes the handover of documents, records, digital access, and ongoing compliance matters. She also requested the Board to arrange for necessary filings with the Registrar of Companies (Form DIR-12) and disclosures to stock exchanges as required under the Companies Act, 2013 and SEBI LODR Regulations.

Company Information

ADVVK Capital Limited is a BSE-listed company with CIN: L65100DL1985PLC022505. The company's registered office is located at 203, Pearl Best Height-2, Netaji Subhash Place, Pitampura, New Delhi - 110034. The resignation announcement was signed by Narendra Kumar Singhal, Whole Time Director (DIN: 10800406), on behalf of the company.

Advik Capital Limited has secured an extension of interim asset protection from the Delhi High Court in its ongoing loan recovery proceedings against Elitecon International Limited. The court has extended the restraint order preventing Elitecon from creating third-party rights in their movable and immovable assets, except in the ordinary course of business.

Court Order Extension Details

The Delhi High Court extended the interim relief originally granted on December 10, 2025, during a hearing on December 11, 2025. The restraint order will now remain in effect until the next hearing date of July 7, 2026. During this period, both parties have been directed to file their respective replies to Advik Capital's petition and Elitecon's application seeking vacation of the stay order.

Loan Recovery Background

The proceedings stem from Advik Capital's efforts to recover a substantial loan amount from Elitecon International Limited. The company had originally disbursed ₹64 crore pursuant to a duly executed loan agreement through established banking channels. Following non-repayment by Elitecon, Advik Capital issued a loan recall notice demanding ₹71.15 crore, which includes the principal amount plus accrued interest.

Court's Judicial Findings

During the proceedings, the Delhi High Court evaluated the material evidence presented by Advik Capital, including forensic reports and references to certain regulatory proceedings concerning Elitecon International Limited. After reviewing the interim stage record, the court made several key determinations:

• A prima facie case exists in favor of Advik Capital
• The balance of convenience lies with Advik Capital
• Irreparable injury would occur without interim protection

Based on these findings, the court granted the restraint order against Elitecon International Limited and its management, preventing them from creating third-party rights or interests in their assets pending further judicial orders.

Significance for NBFC Sector

The interim order carries broader implications for India's financial system and the Non-Banking Financial Company sector. The judicial protection reinforces that repayment obligations from loans disbursed through formal banking channels cannot be frustrated through unilateral denial. For NBFCs, which play a critical role in credit delivery to emerging businesses and underserved sectors, such judicial safeguards are fundamental to maintaining credit discipline and systemic confidence.

A spokesperson for Advik Capital Limited expressed gratitude to the Delhi High Court, stating their deep respect for upholding principles of justice and extending interim protection after careful consideration of the record. The company emphasized that for regulated NBFCs, confidence in judicial enforcement is essential to the functioning of India's credit system.

Current Status and Next Steps

The matter remains sub-judice and pending before the Delhi High Court for final adjudication. Advik Capital has committed to providing further updates in accordance with applicable regulatory requirements as the case progresses. The company filed this disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, continuing its previous disclosure dated December 13, 2025.