Rights Issue: Advik Capital fixes record date - Check details
Earlier, the company reported a surge of around 140 per cent in net profit in the first quarter of the financial year 2024-25.
Rights Issue: Non-banking financial company (NBFC) Advik Capital has informed the exchange that its board has approved a rights issue of equity shares.
According to the exchange filing, the company's board has also fixed the price and record date.
The company said that September 12, 2024, has been fixed as the record date for determining the equity shareholders entitled to receive rights entitlements in the rights issue.
The rights issue will open for subscription on September 24 and close on October 4.
Earlier, the company reported a surge of around 140 per cent in net profit in the first quarter of the financial year 2024-25.
The company said that its quarterly net profit in June 2024 was Rs 2.22 crore as compared to Rs 0.91 crore in the same quarter last year.
Similarly, Advik Capital's net sales are at Rs 4.97 crore in the first quarter of the financial year 2024, up 11.18 per cent from Rs 4.47 crore in June 2023.
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