StockWatch
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Stockbroking & Allied
Promoter Reclassification6 Oct 2026, 04:40 pm

Rikhav Securities: Promoter Group reclassified to Public

AI Summary

Rikhav Securities Ltd announced that its Board of Directors, at a meeting held on October 06, 2026, approved the reclassification requests from several entities. These entities, including Makshi Infotech Private Limited, Parth Investment Consultants Private Limited, Punya Associates LLP, Aadarsh Trading LLP, C U Lakhani, M N Shah, D N Shah, and S M Shah, previously part of the Promoter Group, will now be reclassified to the 'Public Shareholder' category. The Board confirmed that the conditions under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, were met. The reclassification is subject to necessary approvals from BSE Limited.

Key Highlights

  • Board approved reclassification requests on October 06, 2026.
  • Entities moved from 'Promoter Group' to 'Public Shareholder' category.
  • Reclassification is as per SEBI Regulation 31A.
  • Approval is pending from BSE Limited for finalization.