Advik Capital Ltd has informed BSE that the Board of Directors of the Company in their meeting held on August 11, 2017, has approved, the sub-division of 1 (one) equity shares of the Company having a face value of Rs. 10/- each fully paid-up into 10 (ten) equity shares of the face value of Rs. 1/- each filly paid-ups subject to the approval of members of the Company in the ensuing Annual General Meeting of the Company and such other necessary approval as may be required.