Advik Capital's board has approved the appointment of M/s. MASAR & Co. as new Statutory Auditors, filling a vacancy and proposing them for a five-year term, pending shareholder approval.

The board also gave its consent to related party transactions, which also await shareholder ratification.

Independent Directors Mr. Devender Kumar Garg (due to health) and Mr. Rajnish Kumar Gupta (due to personal reasons) resigned, leading to the reconstitution of board committees.

The company has announced its 41st Annual General Meeting for September 30, to be held virtually, where these and other key matters will be considered.