Advik Capital Ltd — Updates, 24-05-2025: Company Update

Advik Capital Ltd. has announced a board meeting to approve the financial results for the quarter and half-year. The Board approved the audited consolidated and standalone financial results for the year ended March 31, 2025, with the statutory auditors issuing an unmodified opinion. The consolidated revenue rose sharply to Rs. 2,871.57 lakh from Rs. 1,291.67 lakh, but the company reported a net loss of Rs. 122.23 lakh for the quarter, compared to a loss of Rs. 94.18 lakh in the previous year; however, the annual net profit stood at Rs. 823.33 lakh consolidated. The standalone financials showed a net profit of Rs. 539.77 lakh for the year. Loans remain the core segment driving revenues. The Board appointed Mrs. Nisha Mittal as Company Secretary and appointed M/s G Mansi & Associates as Internal Auditor for FY2025-26. M/s Shubhangi Agarwal & Associates have been appointed Secretarial Auditor for five years, subject to shareholder approval. The Board also approved initiating a postal ballot process for key decisions.