Vikram Navalchand Shah, a promoter of RikHAV Securities Limited, has filed a regulatory disclosure regarding the disposal of equity shares in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction was executed through open market sale on March 11, 2026.

Transaction Details

The promoter disposed of a significant portion of his shareholding through the following transaction:

Shareholding Pattern Changes

The disposal has resulted in a notable reduction in the promoter's stake in RikHAV Securities Limited:

Company Capital Structure

RikHAV Securities Limited's equity capital structure remains unchanged following this transaction:

Regulatory Compliance

The disclosure was made in accordance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was digitally signed by Vikram Navalchand Shah on March 12, 2026, and submitted to both BSE Limited and the target company.

The transaction represents a strategic reduction in the promoter's shareholding while maintaining compliance with all applicable regulatory requirements. The company's total diluted share capital remains at Rs. 19,14,60,000, comprising 3,82,92,000 equity shares of Rs. 5 each.

Rikhav Securities Limited promoter Bharti Hitesh Lakhani has pledged 7,67,920 equity shares representing 2.01% of the total share capital to NU Investors Technologies Pvt Ltd. The pledge was created on February 23, 2026, as disclosed in the regulatory filing submitted to BSE on February 27, 2026.

Share Pledging Details

The promoter disclosed the encumbrance of shares under Regulation 31(1) of SEBI Takeover Regulations. According to the filing, Bharti Hitesh Lakhani had no existing encumbrances on shareholding prior to this pledge arrangement.

Promoter Shareholding Position

Bharti Hitesh Lakhani's total holding in Rikhav Securities Limited stands at 15,83,760 shares, constituting 4.14% of the company's total share capital. Out of this total holding, 7,67,920 shares have been pledged under the current arrangement.

Regulatory Compliance

The disclosure was made in accordance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulation, 2011. Bharti Hitesh Lakhani, acting as promoter and pledger, submitted the required documentation to both BSE Limited and Rikhav Securities Limited on February 27, 2026.

The pledge arrangement follows standard market practices for promoter financing arrangements while maintaining transparency through proper regulatory disclosures. Rikhav Securities Limited is listed on BSE, and the company's shares are traded under the regulatory framework governing listed entities.