StockWatch
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Stockbroking & Allied
Clarification11 Aug 2026, 03:48 pm

Rikhav Securities Clarifies Share Pledge Disclosure

AI Summary

Rikhav Securities Ltd has submitted a revised disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, addressing a discrepancy in a previous filing dated August 4, 2026. The company clarified that the name 'Rikhav Securities Limited' was inadvertently mentioned as the entity in whose favor shares were encumbered. The correct entity is NU Investors Technologies Pvt Ltd. The revised disclosure confirms that Hitesh Himatlal Lakhani, a promoter, has pledged 4,98,048 shares, representing 1.3% of the total share capital, for a margin trade. This revision supersedes the earlier submission.

Key Highlights

  • Revised SEBI disclosure filed for share encumbrance.
  • Promoter Hitesh Himatlal Lakhani pledged 1.3% shares.
  • Pledge is for margin trade purposes.
  • NU Investors Technologies Pvt Ltd is the correct beneficiary.
  • Previous disclosure contained an inadvertent error.