Shareholding11 May 2026, 09:32 pm
Rikhav Securities: R M Shah Releases Encumbered Shares
AI Summary
On May 11, 2026, Rikhav Securities Ltd. received a disclosure under Regulations 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, regarding the release of encumbered equity shares by R M Shah, a member of the Promoter Group. The release of 3,51,830 shares (0.92% of total share capital) occurred on May 8, 2026, due to an unintentional pledge during execution. Post-release, the number of encumbered shares is zero. The disclosure was made to the BSE.
Key Highlights
- R M Shah, part of the Promoter Group, released 3,51,830 encumbered shares of Rikhav Securities.
- The release occurred on May 8, 2026, due to an unintentional pledge.
- Post-release, the encumbered shareholding of R M Shah in Rikhav Securities is zero.
- The released shares represent 0.92% of the total share capital of Rikhav Securities.
- Disclosure made under SEBI (SAST) Regulations 31(1) and 31(2) to BSE.
Price Impact
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