Advik Capital Ltd — Important, 01-04-2026: Company Update

Advik Capital announced that SEBI issued an interim order against Elitecon International, its promoter, and connected persons for alleged regulatory violations. SEBI's order noted Advik Capital had received 64 Cr from Elitecon through banking channels. SEBI also made prima facie observations regarding Elitecon's financial statement irregularities and misleading disclosures. Advik Capital continues to pursue ongoing legal proceedings in the Delhi High Court and National Company Law Tribunal concerning the 64 Cr loan advanced to Elitecon, with a court order still operative restraining Elitecon from creating third-party rights over its assets.