Rikhav Securities Ltd

Rikhav Securities Limited has issued a notice for its 31st Annual General Meeting (AGM) to be held on September 22, 2026, at 12:00 PM IST. The meeting will be conducted via Video Conferencing (VC) / Other Audio Visual Means (OAVM) in compliance with MCA and SEBI circulars. Key agenda items include the adoption of audited financial statements for FY26 (standalone and consolidated) and the re-appointment of Ms. Bharti Hitesh Lakhani, who retires by rotation. The company will not be providing physical attendance or proxy facilities due to the virtual nature of the meeting.

Rikhav Securities Ltd has released its Annual Report for FY26, highlighting a strategic focus on evolving into a diversified, technology-enabled financial services platform. The company invested approximately ₹5.40 crore in software systems and technology enhancement during the fiscal year to strengthen its low-latency trading ecosystem, automated risk management, and digital onboarding capabilities. Key initiatives include the Rikhav Plus mobile trading platform and the Meon Aadhar eKYC platform. The report emphasizes diversification across equity broking, derivatives, proprietary trading, market making, margin trading, and depository services, aiming for a more balanced and scalable business model. Rikhav Securities also highlighted its market-making presence on BSE and NSE, proprietary trading expertise, and the recent launch of its Margin Trading Facility.

Rikhav Securities Limited's Board of Directors convened and approved key appointments and actions. M/S ATMS & Co. LLP has been appointed as the Internal Auditor for the Financial Year 2026-27. Ms. Bharti Hitesh Lakhani was re-appointed as a Non-Executive Director. The Board also approved the convening of the 31st Annual General Meeting on September 22, 2026, and the appointment of M/s MNB & Co. LLP as Scrutinizer for the AGM. The meeting was brief, commencing at 04:30 PM and concluding at 04:45 PM.

Rikhav Securities Limited announced the appointment of M/S ATMS & Co. LLP as its Internal Auditor for the Financial Year 2026-27. This decision was approved by the Board of Directors during a meeting held on August 20, 2026. The board also re-appointed Ms. Bharti Hitesh Lakhani as a Non-Executive Director and approved the convening of the 31st Annual General Meeting on September 22, 2026. M/s MNB & Co. LLP was appointed as Scrutinizer for the AGM. ATMS & Co. LLP is a chartered accountancy firm offering services including internal audit, statutory audit, and tax services.

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.

Rikhav Securities Ltd has submitted a revised disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, addressing a discrepancy in a prior filing dated August 4, 2026. The original filing incorrectly listed Rikhav Securities Ltd as the entity in whose favor shares were encumbered. The revised disclosure clarifies that the shares were pledged in favor of NU Investors Technologies Pvt Ltd. This correction pertains to a pledge of 4,98,048 shares, representing 1.3% of the total share capital, created on August 3, 2026, for margin trading purposes. Hitesh Himatlal Lakhani, the promoter and pledgor, has submitted the revised disclosure.

Hitesh Himatlal Lakhani, a promoter of Rikhav Securities Limited, has disclosed the encumbrance of 4,98,048 equity shares, representing 1.3% of the total share capital. The shares were pledged on August 3, 2026, for margin trading purposes. This disclosure is made in accordance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Following this creation of encumbrance, Mr. Lakhani's total promoter holding in the company remains at 6.45% (24,69,720 shares), with 1.3% (4,98,048 shares) now encumbered.

Rikhav Securities Ltd has published the recommendation of its Committee of Independent Directors on July 22, 2026. This announcement is made pursuant to Regulation 26(7) of SEBI (SAST) Regulations, 2011. The recommendation was published in the same newspapers where the public announcement of the Open Offer was made: Financial Express (English, All Editions) and Jansatta (Hindi, All Editions), and Pratahkal (Marathi, Mumbai Edition). A copy of the recommendation has been enclosed for record.

Sobhagya Capital Options Pvt. Ltd., acting as the Manager to the Offer, has submitted a Letter of Offer to the public shareholders of Rikhav Securities Ltd. The offer involves the acquisition of up to 99,55,920 equity shares, representing 26% of the total voting share capital, at a price of ₹47.75 per share. This open offer is being made by acquirers M/s. B.D. Lakhani, M/s. B.N. Lakhani, M/s. H.D. Lakhani, and M/s. N.D. Lakhani, along with persons acting in concert (PACs). The offer is being made pursuant to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. No statutory approvals are currently required for this offer, and it is not conditional upon a minimum acceptance level or a competing offer.

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.