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.

Rikhav Securities Limited , a company listed on the BSE, has witnessed significant changes in its promoter shareholding structure. Recent off-market transactions have resulted in increased stakes for multiple promoter entities, signaling a strong show of confidence in the company's future.

Hitesh Himatlal Lakhani HUF Boosts Shareholding

Hitesh Himatlal Lakhani HUF, a promoter of Rikhav Securities Limited, has acquired 180,000 equity shares through an off-market transaction on July 16, 2025. This acquisition has increased their shareholding from 1,314,600 shares (3.43%) to 1,494,600 shares (3.90%) of the company's total share capital.

Other Promoter Acquisitions

The LODR data reveals that two other promoters have also increased their stakes in the company:

Company Share Capital

Rikhav Securities Limited has an equity share capital of Rs. 19.14 crore, consisting of 3.82 crore equity shares with a face value of Rs. 5 each. The shares are listed on the BSE Limited.

Implications of Promoter Stake Increase

The simultaneous increase in shareholding by multiple promoters through off-market transactions may be viewed as a positive sign by investors. It potentially indicates the promoters' confidence in the company's prospects and their commitment to its growth.

Regulatory Compliance

All three promoters have filed the necessary disclosures under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. These disclosures ensure transparency in the shareholding changes of the company's promoters.

The off-market nature of these transactions and the coordinated timing (all occurring on July 16, 2025) suggest a planned move by the promoter group to strengthen their position in the company. Investors and market analysts will likely keep a close watch on Rikhav Securities Limited for any further developments or strategic changes that may follow these shareholding increases.