The promoter group of Rikhav Securities Limited has increased its stake in the company through an acquisition of additional equity shares. H D Lakhani, acting as part of the promoter group, purchased 2,66,400 equity shares on August 13, 2026.

This acquisition represents a 0.70% increase in the company's total voting capital. The transaction was executed through an offer to buy mechanism under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Shareholding Details

Prior to this transaction, H D Lakhani held 9,66,400 equity shares, constituting 2.52% of the total voting capital. Following the acquisition, the holding stands at 12,32,800 shares, or 3.22%.

The disclosure was filed with BSE Limited on September 10, 2026, pursuant to Regulation 29(2) of the Takeover Code. Deep Hitesh Lakhani signed the declaration on behalf of H D Lakhani.

Capital Structure Context

Rikhav Securities Limited has a total equity share capital of ₹19,14,60,000, comprising 3,82,92,000 equity shares with a face value of ₹5 each. This capital structure remained unchanged following the acquisition, as the transaction involved existing shares rather than a fresh issue.

Rikhav Securities has scheduled its 31st annual general meeting for Tuesday, September 22, 2026, at 12:00 pm. The event will be conducted through video conferencing or other audio-visual means.

Shareholders will consider and adopt the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. The agenda also includes the reappointment of Ms. Bharti Hitesh Lakhani as a director.

Ms. Lakhani retires by rotation and is eligible for reappointment. She serves as a non-executive director and brings over 18 years of association with the company. Her background includes market research and capital markets oversight.

Director Profile

Ms. Lakhani holds a Bachelor of Commerce degree from Kelkar Education Trusts College of Arts, Science and Commerce. She attended all 10 board meetings during FY25-26. Her remuneration for the period was not disclosed.

She currently holds directorships in eight other entities, including Virang Enterprises Private Limited and RSL Insurance Brokers Private Limited. Ms. Lakhani is the spouse of Mr. Hitesh Himatlal Lakhani, the managing director.

Meeting Logistics

The deemed venue is the corporate office in Mumbai. Members can join the session 15 minutes before the scheduled start time. Participation is available to at least 1,000 members on a first-come, first-served basis.

Large shareholders holding 2% or more, promoters, institutional investors, and directors are exempt from the participation cap. Physical attendance is dispensed with under MCA and SEBI circulars.

Remote e-voting opens on September 19, 2026, at 9:00 am and closes on September 21, 2026, at 5:00 pm. The record date for voting rights is September 15, 2026.