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.

Advik Capital Limited has temporarily taken its official website offline following a cyber security breach that compromised its web server and resulted in the display of unauthorized content. The BSE-listed Non-Banking Financial Company made this announcement on February 07, 2026, as part of its regulatory disclosure under SEBI Listing Regulations.

Cyber Security Incident Details

The company disclosed that its official website was subject to a cyber attack, which led to unauthorized content being displayed and the hacking of its web server. In response to this security breach, Advik Capital has prioritized user safety and system integrity by taking the website offline while comprehensive corrective measures are implemented.

Remediation Measures

The company has taken several proactive steps to address the security breach and prevent future incidents. Advik Capital has commenced a comprehensive technical and security review of its systems and has engaged relevant cybersecurity experts to identify the root cause of the breach and implement appropriate remedial measures.

The management has confirmed that preventive measures have been put in place to avoid recurrence of such incidents. The website will only be restored after complete resolution of all security issues and thorough verification to ensure a secure and reliable user experience.

Company Background

Advik Capital Limited is a New Delhi-headquartered Non-Banking Financial Company that focuses primarily on providing loans and ancillary financial services. The company is registered with the Reserve Bank of India as a non-deposit-taking NBFC under Registration No. B-14.00724.

Stakeholder Communication

The company has assured stakeholders that it prioritizes responsible digital practices and stakeholder confidence. Management has requested cooperation and understanding from all concerned parties during this remediation period. Advik Capital has committed to providing updates through official channels as required, ensuring transparent communication regarding the restoration timeline and security enhancements.