Promoter Vikas Garg was taken into custody by the Enforcement Directorate on July 14 under PMLA, as disclosed by Advik Capital on July 15.

Was there a prior event?

Yes, the arrest is an escalation from a previously reported provisional attachment order involving foreign entities and SEBI-registered FPIs.

How big is Advik Capital?

It is a nano-cap NBFC with a market capitalization of about ₹76 crore.

What is the company's response?

The company said it is evaluating the development with legal advisors and that business operations continue normally.

Finance - NBFC · Micro cap

Advik Capital promoter arrested by ED

Vikas Garg taken into custody under PMLA on July 14. Prior asset attachment escalated to custodial detention for the ₹76-cr nano-cap NBFC.

— 1 earlier story on Advik Capital Ltd. →

ADVIKCA By Tipsheet Editorial 16 Jul 2026 · 10:30 AM IST Verify on BSE · NSE

Mkt cap₹78.5 cr

ROE5.09%

Debt / eq.0.93

₹76 cr Market cap of the nano-cap NBFC facing promoter arrest.

What's new

Promoter Vikas Garg taken into ED custody under PMLA on July 14.
Company disclosed the arrest on July 15, calling it an escalation of earlier red-flagged proceedings.
Business operations continue in ordinary course, but market typically discounts such reassurances.

Why this matters

For a ₹76-cr nano-cap NBFC, a promoter arrest is an acute regulatory and governance shock. It raises questions about control, access to management, and the future direction of the entity, even as the company asserts no material impact.

What we're watching

ED investigation outcome and potential charges.
Impact on lending operations and access to funding.
Any board changes or promoter stake implications.

The full read

Promoter arrested. The Enforcement Directorate took Vikas Garg into custody under PMLA on July 14. For a nano-cap NBFC with a market capitalization of just ₹76 crore, the custodial detention of a key insider is a severe regulatory and governance shock that raises fundamental questions about control, management access, and the entity's future. It escalates prior ED action. The company asserts no material impact on operations, but markets rarely accept such reassurances after an arrest. The open question is not business continuity; it is whether the lender can survive a promoter in custody.

Questions answered

What happened?: Promoter Vikas Garg was taken into custody by the Enforcement Directorate on July 14 under PMLA, as disclosed by Advik Capital on July 15.
Was there a prior event?: Yes, the arrest is an escalation from a previously reported provisional attachment order involving foreign entities and SEBI-registered FPIs.
How big is Advik Capital?: It is a nano-cap NBFC with a market capitalization of about ₹76 crore.
What is the company's response?: The company said it is evaluating the development with legal advisors and that business operations continue normally.

Mentioned: Enforcement Directorate · Vikas Garg · PMLA

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

Advik Capital Ltd.

NBFC

₹78 cr

Latest quarter · Dec 2025

Total income−₹3 cr

Net profit−₹21 cr

Net margin+737.6%

EPS−₹0.34

Leverage & growth

Debt / equity0.93×

Sales CAGR+13.7%

EPS CAGR+40.3%

Story so far

All notes on ADVIKCA →

16 Jul 2026 · 10:30 AM IST Advik Capital promoter arrested by ED
23d ago ED attaches promoter assets at Advik Capital. No charges yet.