77.51% Public Stake: Penny Stock Below Rs 2, Advik Capital Shareholders Reject All Special Resolutions

Advik Capital Limited announced the outcome of its 40th Annual General Meeting (AGM), held on September 26, 2025, where shareholders approved the ordinary resolutions concerning the adoption of financial statements, re-appointment of a retiring director and appointment of the Secretarial Auditor. Crucially, however, all special resolutions presented to the shareholders were rejected, including proposals to increase authorised share capital, raise funds through the issue of securities, enhance borrowing powers, create charges/mortgages on company assets and approve related party transactions or loans and investments beyond prescribed limits. Consequently, the Company is now restricted from executing the intended corporate actions—such as the planned fundraising and borrowing activities—until it seeks and secures new approval from its shareholders.

Advik Capital Ltd, established in 1985, operates as a Non-Banking Finance Company (NBFC) that is non-deposit taking and non-systemically important, focusing primarily on financing, intercorporate investments and capital market activities. The company's core business involves advancing loans to industries, financing lease operations and engaging in the purchase, sale and hiring of plants and machinery, while actively exploring new avenues within the personal and consumer finance sectors. Currently, Advik Capital's product profile is diversified, offering a range of financial services, including Gold Loans, Vehicle Loans, Business Loans, Personal Loans and Property Loans to meet varied customer needs.

According to Quarterly Results, the company reported net sales of Rs 7.41 crore in Q1FY26 and net profit decreased by 80 per cent to Rs 0.48 crore in Q1FY26 compared to Q1FY25. In its annual results (FY24), the company reported net sales of Rs 29 crore and net profit of Rs 8 crore.

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The company has a market cap of Rs 86 crore and has delivered good profit growth of 142 per cent CAGR over the last 5 years. According to the shareholding pattern, the company's promoters own 22.49 per cent and the public owns a 77.51 per cent stake in the company as of June 2025. The stock is up by 8.5 per cent from its 52-week low of Rs 1.30 per share and down 57 per cent from its 52-week high of Rs 3.29 per share.

Disclaimer: The article is for informational purposes only and not investment advice.