Rikhav Securities: Promoter Group Releases Encumbered Shares

Rikhav Securities Limited has announced the release of encumbered equity shares by its Promoter and Promoter Group, including Hitesh Himatlal Lakhani, Hitesh Himatlal Lakhani HUF, and Himatlal J. Lakhani HUF. The release pertains to a total of 4,98,048 shares (1.30% of total share capital) for Hitesh Himatlal Lakhani, 1,80,000 shares (0.47%) for Hitesh Himatlal Lakhani HUF, and 12,75,000 shares (3.33%) for Himatlal J. Lakhani HUF. The reason cited for this release is that the margin is no longer required due to quarterly stock retention. The shares were originally pledged with NU Investors Technologies Pvt Ltd.