Rikhav Securities promoters release pledged shares worth 9.53 lakh

Promoters of Rikhav Securities Limited have released 9,53,048 pledged equity shares, reducing the encumbered holding to zero. The release occurred on June 2, 2026, and was disclosed to BSE on July 15, 2026, under Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The decision to release the shares was driven by margin no longer being required due to quarterly stock retention.

The disclosure was made by Hitesh Himatlal Lakhani on behalf of the Promoter and Promoter Group. The shares were previously pledged in favor of NU Investors Technologies Pvt Ltd. Following the release, the promoters' total holding remains unchanged, but the entire pledged portion has been extinguished.

Details of Encumbrance Release

The following table details the shareholding and the release of encumbrance by the promoters:

Name of the Promoter	Promoter Holding (No. of shares)	Promoter Holding (% of total share capital)	Pledged Shares Released (No. of shares)	Pledged Shares Released (% of total share capital)
Hitesh Himatlal Lakhani	24,69,720	6.45	4,98,048	1.30
Hitesh Himatlal Lakhani HUF	14,94,600	3.90	1,80,000	0.47
Himatlal J. Lakhani HUF	12,75,000	3.33	12,75,000	3.33

The release covers the entire pledged holding of the promoter group, which was initially held as collateral. The filing confirms that the post-event holding of encumbered shares for all three entities is now zero. The disclosure was signed by Hitesh Himatlal Lakhani, Promoter and Pledgor, on July 15, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.14%	-0.53%	-5.39%	+10.33%	-29.63%	-72.60%

Rikhav Securities Limited announced its audited financial results for the financial year ended March 31, 2026, reporting a Profit After Tax (PAT) of ₹18.96 Cr. The company achieved an EBITDA of ₹32.53 Cr on a Total Income of ₹1991.62 Cr for the full year. Profitability during the period was impacted by a loss from share trading activities amounting to ₹22.93 Cr, while an unrealised profit of ₹4.33 Cr from SLBM transactions was not recognised in the financials.

Financial Performance

For the half-year ended March 31, 2026 (H2 FY26), the company reported a Total Income of ₹1604.95 Cr, EBITDA of ₹6.57 Cr, and PAT of ₹1.20 Cr. The Earnings Per Share (EPS) for H2 FY26 stood at ₹0.31, while the EPS for the full year FY26 was ₹4.95. The company invested approximately ₹5.40 Cr towards computers and software during the year to strengthen its technology and operational infrastructure, which resulted in higher depreciation costs.

Metric	H2 FY26	FY26
Total Income (₹ Cr)	1604.95	1991.62
EBITDA (₹ Cr)	6.57	32.53
PAT (₹ Cr)	1.20	18.96
EPS (₹)	0.31	4.95

Operational Updates

Current liabilities increased primarily due to SLBM borrowings of ₹47.34 Cr during the period. Hitesh Lakhani, Chairman & Managing Director, attributed the performance to a challenging year for the capital markets industry, characterised by elevated volatility and tighter liquidity conditions. He emphasised the company's focus on strengthening its platform, improving operational efficiencies, and maintaining a disciplined approach towards long-term growth.

Strategic Outlook

Management outlined a strategy to reduce share investments to ₹50 Cr to stabilise income. The company has reduced exposure in the SME segment to 30% and now sells stock within one week of listing. Rikhav Securities expects around 20% growth in brokerage and clientele, and 20% to 25% growth in algo trading and delta hedging income for FY27. The firm is also expanding its institutional brokerage presence, having onboarded Kotak Mutual Fund, Bank of India, RBL Bank, and 8 to 10 FPIs.