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.

Rikhav Securities Limited , a prominent player in the shares and stock broking sector, has reported a significant financial turnaround for the half year ended September 30, 2025. The company's standalone profit surged to Rs 17.86 crore, marking a remarkable recovery from losses in previous periods.

Financial Highlights

• Revenue: Rikhav Securities saw a substantial increase in revenue from operations, which rose to Rs 379.91 crore compared to Rs 225.07 crore in the previous period and Rs 92.99 crore in the corresponding period last year.
• Profit: The company reported a standalone profit of Rs 17.86 crore, a significant improvement from a loss of Rs 26.85 crore in the previous period and a Rs 50.79 crore loss in the same period last year.
• Earnings Per Share (EPS): The EPS improved to Rs 4.66 from negative Rs 9.36 in the previous period.

Consolidated Performance

On a consolidated basis, Rikhav Securities reported a profit of Rs 17.75 crore, compared to a loss of Rs 27.00 crore in the previous period. This consolidated figure includes the performance of its wholly-owned subsidiary, RSL IFSC Private Limited.

Key Financial Metrics

Management Commentary

Hitesh H. Lakhani, Managing Director of Rikhav Securities Limited, stated, "We are pleased with our strong performance in the first half of FY2026. The significant growth in revenue and the turnaround to profitability reflect the effectiveness of our strategic initiatives and the improving market conditions."

Operational Highlights

• The company's operating profit before working capital changes stood at Rs 19.20 crore.
• There was a notable improvement in inventory management and trade receivables.
• Rikhav Securities maintained a strong liquidity position with cash and cash equivalents of Rs 9.69 crore as of September 30, 2025.

Regulatory Compliance

The company resubmitted its financial results to BSE after addressing discrepancies related to trade payables bifurcation format requirements. The Board of Directors approved these results on November 10, 2025, following a review by the Audit Committee.

Future Outlook

While the company has not provided specific forward-looking statements, the strong turnaround in financial performance suggests a positive trajectory for Rikhav Securities. The management's focus on operational efficiency and strategic growth initiatives appears to be yielding results in a challenging market environment.

Investors and stakeholders will likely keep a close watch on the company's performance in the coming quarters to see if this positive trend continues and translates into sustained growth and profitability.

Note: All financial figures are based on the standalone results unless otherwise specified.