Rikhav Securities Limited , a professionally managed stock broking company, has reported a significant increase in revenue and profitability for the half-year ended September 30, 2025. The company's unaudited consolidated financial results, approved by the Board of Directors on November 10, 2025, reveal substantial growth across key financial metrics.

Financial Highlights

Operational Performance

Rikhav Securities demonstrated strong operational efficiency during the half-year:

• Inventory levels increased to ₹151.77 crore as of September 30, 2025, from ₹111.19 crore at the end of the previous fiscal year.
• Trade receivables saw a modest increase to ₹10.99 crore from ₹10.84 crore.
• Cash and cash equivalents improved significantly, moving from a negative ₹16.14 crore to a positive ₹9.88 crore.

Balance Sheet Strengthening

The company's balance sheet showed notable improvements:

• Shareholder's funds increased to ₹244.27 crore from ₹226.51 crore at the end of March 2025.
• Short-term borrowings rose to ₹4.67 crore from ₹0.02 crore, indicating increased working capital utilization.
• Trade payables slightly increased to ₹63.41 crore from ₹62.45 crore.

Management Commentary

Hitesh H. Lakhani, Managing Director of Rikhav Securities, commented on the results: "Our performance has improved during H1FY26, reflecting steady operational progress and business expansion. We expect overall growth of around 20 to 25 percent on a year-on-year basis."

He further added, "We have commenced our Margin Trading Facility (MTF) with a current book size of approximately ₹10 crore, and we expect this segment to grow 30 to 40 percent every half year. The online account opening process has started smoothly, and our mobile application, which is already functional, will see its final enhancements completed within the next three months."

Future Outlook

Rikhav Securities appears poised for continued growth, with several initiatives underway:

• The Margin Trading Facility is expected to be a significant growth driver.
• Enhancements to the company's mobile application are nearing completion, which could improve client engagement and trading accessibility.
• The company has onboarded several institutional clients, indicating potential for increased business in this segment.

As Rikhav Securities continues to strengthen its digital capabilities and expand its service offerings, it remains optimistic about sustaining its growth trajectory in the coming periods.

Investors and stakeholders will be watching closely to see if the company can maintain this momentum in the second half of the fiscal year and beyond.

Rikhav Securities held a significant board meeting on August 25, 2025, making several key decisions that will shape the company's governance and operations in the coming years. The meeting, which lasted from 4:15 PM to 5:05 PM, addressed various important matters, including the approval of the annual report, re-appointment of a director, and the appointment of a new secretarial auditor.

Board Report Approval and Executive Director Re-appointment

The Board of Directors approved the Board's Report and its annexures, including notes to accounts, for the financial year ended March 31, 2025. This approval is in compliance with the requirements of the Companies Act, 2013, ensuring transparency and accountability in the company's financial reporting.

In a move to maintain continuity in leadership, the board re-appointed Mr. Monil Rajendra Shah (DIN: 08064436) as an Executive Director. Mr. Shah, who was eligible for retirement by rotation, will continue to serve on the board, bringing his experience and expertise to the company's executive team.

30th Annual General Meeting Scheduled

Rikhav Securities has scheduled its 30th Annual General Meeting (AGM) for September 29, 2025. The AGM will be conducted through audio-video and other visual means, allowing for wider participation of shareholders while ensuring compliance with regulatory requirements.

New Secretarial Auditor Appointment

A significant development from the meeting was the decision to appoint a new secretarial auditor. Based on the recommendation of the Audit Committee, the board has chosen M/S Ritul Parmar & Associates as the company's Secretarial Auditor for a period of five consecutive years, from FY 2025-26 to FY 2029-30. This appointment is subject to shareholder approval at the upcoming AGM.

Ritul Parmar & Associates is a practicing company secretary firm based in Navi Mumbai. The firm, led by Ritul Parmar (C.S., L.L.B., M.B.L, and B.Com.), specializes in various corporate law advisory and consultancy services, including company incorporations and compliance with regulations such as the Companies Act, LLP Act, and FEMA.

Looking Ahead

The decisions made during this board meeting reflect Rikhav Securities' commitment to good corporate governance and compliance with regulatory requirements. The re-appointment of Mr. Monil Rajendra Shah as Executive Director suggests a focus on leadership continuity, while the appointment of a new secretarial auditor for a five-year term indicates the company's dedication to maintaining high standards of corporate compliance and transparency.

Shareholders and investors will have the opportunity to engage with the company's leadership and vote on these matters at the upcoming AGM on September 29, 2025. The company has stated that the full Annual Report for the financial year 2024-25, including the Notice of the 30th AGM, will be filed with the Stock Exchange and other concerned parties in due course.