Share Market News: Advik Capital Fixes Record Date for Rights Issue | Check Details Here

Advik Capital has informed exchange that its board has approved a rights issue of equity shares. The company also said that the board has fixed the price, record date. According to an exchange filing, 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 fights issue.
The rights issue will open for subscription on September 24 and close on October 4. Earlier, Advik Capital 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.
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)