Rikhav Securities Ltd

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.

Rikhav Securities Limited announced its audited financial results for H2 FY26 and FY26. The company reported a total income of ₹1991.62 Cr and a PAT of ₹18.96 Cr for FY26. EBITDA stood at ₹32.53 Cr for the same period. The company invested ₹5.40 Cr in technology and operational infrastructure. Profitability was impacted by losses from share trading activities of ₹22.93 Cr. Unrealized profit of ₹4.33 Cr from SLBM transactions is expected to be realized in the upcoming quarter.

Rikhav Securities Ltd's Board of Directors approved the standalone and consolidated audited financial results for the financial year ended March 31, 2026. The approval occurred during a board meeting that commenced and concluded on May 23, 2026. The company also announced the closure of the trading window for designated persons and their immediate relatives from April 1, 2026, until 48 hours after the board meeting's conclusion, in compliance with insider trading regulations.

Rikhav Securities Ltd. has announced the approval of its standalone and consolidated audited financial results for the financial half year and year ended March 31, 2026. The decision was made during a Board of Directors meeting held on May 23, 2026, which commenced at 10:15 A.M. and concluded at 10:30 A.M. The board also approved the Independent Auditors’ Reports on these financial results and the Statement of Funds Utilized as of March 31, 2026. Additionally, the trading window for dealing in the company's shares has been closed for designated persons and their immediate relatives from April 1, 2026, until 48 hours after the conclusion of the board meeting.

Rikhav Securities Ltd has cancelled its conference call with investors and analysts scheduled for May 19, 2026. The cancellation is due to the adjournment of the Board Meeting originally planned to approve the standalone and consolidated audited financial results for the financial half year and year ended March 31, 2026. The company plans to reschedule the call and will provide updated information to the stock exchange in due course.

Rikhav Securities Ltd. has announced the adjournment of its Board Meeting, originally scheduled for May 16, 2026, to May 23, 2026. The meeting was intended to consider and approve the standalone and consolidated financial results for the financial year ended March 31, 2026. The adjournment was due to a lack of quorum in the audit committee meeting, which is a prerequisite for the board meeting. The adjourned meeting will address the same agenda items.

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.

On May 11, 2026, R M Shah, part of the Promoter Group of Rikhav Securities Ltd, released 3,51,830 encumbered equity shares, representing 0.92% of the total share capital. The release occurred on May 8, 2026. The pledge was created unintentionally due to an erroneous selection of the scrip during execution. Post-release, the number of encumbered shares is zero.

Rikhav Securities Ltd has scheduled a Board of Directors meeting on May 16, 2026, to consider and approve the standalone and consolidated audited financial results for the financial half year and year ended March 31, 2026. The meeting will also address the Statement of Assets and Liabilities as per SEBI regulations. The trading window for dealing in the company's shares has been closed for designated persons and their immediate relatives from April 1, 2025, until 48 hours after the board meeting.

Sobhagya Capital Options Pvt. Ltd., acting as Manager to the Offer for Rikhav Securities Ltd., has submitted a Detailed Public Statement for an Open Offer, adhering to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The statement details various price calculations relevant to the offer, including a highest acquisition price of ₹40.00 during the 26 weeks preceding the relevant date and a 60-day volume-weighted average market price of ₹47.20. The filing also provides comprehensive shareholding information for the acquirers (B D Lakhani, B N Lakhani, H D Lakhani, N D Lakhani) and Persons Acting in Concert (PACs), outlining their current and post-offer diluted holdings. Additionally, the document includes financial highlights for the past three fiscal years and lists the company's board of directors.