Pursuant to Regulation 26(7) of SEBI (SAST) Regulations, 2011, it is hereby informed that Recommendation of committee of Independent Directors has been published today i.e., 22.07.2026 ....

July 22, 2026 BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001 Security BSE SCRIP CODE ISIN Equity Shares 544340 INE0CFH01028 Sub: Submission of Recommendation of the Committee of Independent Directors in respect of Open Offer for the acquisition of up to 99,55,920 Equity Shares of Rikhav Securities Limited (“Target Company”) by M/s B D Lakhani (Acquirer 1), M/s B N Lakhani (Acquirer 2), M/s H D Lakhani (Acquirer 3), M/s N D Lakhani (Acquirer 4) (collectively referred to as the “Acquirers”), together with Hitesh Himmatlal Lakhani (PAC 1), Deep Hitesh Lakhani (PAC 2), Vaishali Rajendra Shah (PAC 3), and Bharti Hitesh Lakhani (PAC 4) (together, the “PACs”) in accordance with the provisions of the Securities and Exchange Board of India (Substantial Acquisitions of Shares and Takeovers) Regulations, 2011 (“SEBI SAST Regulations”) (the “Open Offer” or “Offer”). Dear Sir / Madam, Pursuant to Regulation 26(7) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and in terms of captioned subject, it is hereby informed that “Recommendation of the Committee of Independent Directors”, has been published today i.e., July 22, 2026, in the same newspapers where the public announcement of the Open Offer was published i.e.: S. No. Newspaper Language Edition 1. Financial Express English All 2. Jansatta Hindi All 3. Pratahkal Marathi Mumbai A copy of same is enclosed herewith for your kind perusal. Kindly take the same on record. For & on behalf of RIKHAV SECURITIES LIMITED Sona Jain Company Secretary and Compliance officer Membership Number: 73083 Registered Office: 922 - A, 9 Floor, P.J. Towers, Dalal Street, Fort, Mumbai 400 001, Maharashtra, India. Corporate Office: B - Wing, Office No. 501 & 502, 02 Commercial Building, Asha Nagar Park Road, Mulund West, Mumbai - 400 080, Maharashtra, India. • Tel.: 022-69078300 • Email: investor@rikhav.in/info@rikhav.net • Web: www.rikhav.net • GSTIN: 27AADCR3067Q1 ZS CIN: L99999MH 1995PLC086635 • DEPOSITORY PARTICIPANT ID: 12051500 • DPSEBI REG.NO. IN-DP-CDSL 417-2007 NSE MEMBERSHIP NO. 12804 / BSE: CLEARING NO. 3174 • SEBI REG. NO. INZ000157737 www. pratahkal.com FEDBANK FINANCIAL SERVICES LIMITED नाक्ादरम्ान रसते, गटारे आहण सुरक्ा सुहवधांबाबत Registered Office: Unit No. 1101, 11th Floor, Cignus, Plot No. 71 A, Powai, Paspoli, Mumbai – 400087 २. अनुरािा अरुण बट्लू (सह-रज्वदार) Creditor's website i.e. www.fedfina.com & Link https://www.fedfina.com/public-notice-for-auction-cum-sale/ under Auction For any enquiry, यSेतa gआar्eे. – 8828169963, Email Id- rupesh.sagare@fedfina.com. एिएएन:- H405HHL1133900 आसि भाग आबण बहससा: फलॅट क्र. सी-३०५, बतसरा मजला, रु. २०,७४,२४२/- Date: 22/07/2026, Place : Mumbai Sd/- Authorised ofcer For Fedbank Financial Services Limited B©nrnrE’$Eg/nrE’$Eg àUmbrMr H«$‘m§H$: ~rS>rQ>rEg-B©nrnrE’$Eg-nrE’$Eg-2025, B©nrnrE’$Eg/nrE’$Eg àUmbrMr EH$doi XþéñVr. hñV{bpIV àñVmd {dMmamV KoVbm OmUma Zmhr. आदे्श नदला आहे. Induslnd Bank Whereas The undersigned being the Authorized Officer of the M/s. Suryoday Small Finance Security Interest (Enforcement) Rules, 2002 on the date mentioned herewith: P4१/ u1५n. eफS ूटAit u nरुa dंदt eरWसdतi tयाA h दit nल क्षV Tणil hेसla e:g १e ju५ r Y iफseूटdw iरुcaंदtl ie oरv nसaत d Oयाi, f SP uu bn e R A egn id s tW rai rt h Hin a vT eh li,e PL uim neit .s T O otf a P l Au rn ee a M :- u 4n 9ic 8i p Sa ql .C Fto .rporation डीआरटी-I, मुंबई यांचयाकडे २५.०८.२०२६ रोजी सायंकाळी ४:३० वाजेपययंत ‘आर.पी. क्रमांक २५१ ऑफ २००५’ असे नलनहलेलया The Borrower/s / Guarantor/s in particular and the public in general is hereby cautioned not to deal with ईP-hम:ेल 0:2 m2 u2m63b6a6ia2n4d0h /e 2ri6w3e6s6t2@6t0mbank.in Bank Limited under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002 (54 of 2002) and in exercise of Mata Temple, Borivali East, Mumbai – 400066 to repay the amount mentioned in the notice being Rs. 30,60,272.05 (Rupees Thirty Lakhs Sixty Thousand Two मालमत्ेवर मालमत्ेवर मालमत्ेवर दाखल केलेले (Rupees Thirty One Lakhs Nineteen Thousand Eight Hundred Fifty and Paise Five Only) as on 30.06.2026 and with subsequent interest and charges thereon. DESCRIPTION OF THE IMMOVABLE PROPERTY On equitable mortgage of residential flat admeasuring Builtup Area 26.01 Sq.Mt (279.87 sq.ft) situated at Flat No. A-1, Ground Floor, Building known as “Matru