Key Developments
Advik Capital Limited has initiated criminal proceedings as part of previously announced measures to protect shareholder interests and uphold market integrity. The company filed a criminal complaint under the provisions of the Bharatiya Nagarik Suraksha Sanhita, 2023 against Fairplan Distributors Private Limited and certain other named persons.
Legal Proceedings Details
The complaint alleges offenses punishable under the Bharatiya Nyaya Sanhita, 2023 in relation to transactions involving the securities of the Company.
Court Order Details:
- The Hon'ble Court issued an Order dated May 30, 2026
- The Court directed that the complaint be processed in accordance with law
- The Court ordered issuance of notice to the proposed accused persons
- Next hearing date: June 6, 2026
Company Stance and Commitments
The Board emphasizes commitment to strong corporate governance, accountability, and protection of long-term shareholder value. The company states it will:
- Continue to cooperate with judicial, regulatory and enforcement authorities
- Take further necessary steps to safeguard company and stakeholder interests
- Address various complaints and proceedings through appropriate legal processes
- Maintain focus on protecting legitimate business interests and strategic objectives
Business Operations Impact
The company does not anticipate any disruption to its normal business operations as a consequence of these proceedings. Advik Capital continues to remain focused on its growth agenda and is actively pursuing initiatives aimed at:
- Strengthening its capital base
- Enhancing net worth
- Supporting future business expansion
Company Background
Advik Capital Limited is an emerging Non-Banking Financial Company registered with the Reserve Bank of India as a non-deposit-taking NBFC (Registration No. B-14.00724). The company is primarily focused on providing loans and ancillary financial services.
Disclaimer Note
The communication explicitly states that the allegations remain subject to adjudication by competent judicial authorities and should not be construed as a determination of liability of any person or entity.