Advik Capital Ltd — Important, 16-07-2026: Company Update

Advik Capital announced that one of its Promoters, Mr. Vikas Garg, has been taken into custody by the Directorate of Enforcement. This action is part of ongoing proceedings under the Prevention of Money Laundering Act, linked to an examination of transactions involving certain foreign entities and their investments in listed companies. While the company is evaluating the situation with legal advisors, it asserts this development has no material impact on its ongoing business operations. The estimated financial amount involved is not ascertainable.