BSEInsider Trading / SAST4 Aug 2026 · 4 Aug 2026, 05:31 pm
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 04, 2026 for Hitesh Himatlal Lakhani
Rikhav Securities Ltd · 544340
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Rikhav Securities Ltd's promoter Hitesh Himatlal Lakhani has pledged 6.45% of the company's shares as collateral for a loan.
Analysis Scores
Earnings Impact2/10
Growth Catalyst1/10
Governance Concern3/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact5/10
Market Sentiment5/10
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Rikhav Securities Ltd - 544340 - Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.
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August 04, 2026
To, To,
BSE Limited Rikhav Securities Limited
Phiroze Jeejeebhoy Towers Office No.922-A, 9th Floor, P.J.Tower, Dalal
Dalal Street, Mumbai- 400001 Street, Mumbai 400001, Maharashtra, India,
Dear Sir/Madam,
Sub: Disclosure in terms of Regulation 31(1) of the Securities and Exchange Board of India
(Substantial Acquisition of Shares and Takeover) Regulation, 2011 (“Takeover Code”).
I, Hitesh Himatlal Lakhani, being the Promoter of Target Company have encumbered (pledged)
equity shares of Rikhav Securities Limited (“Target Company”). Please find enclosed herewith
the declaration pursuant to the Regulation 31(1) of Securities and Exchange Board of India
(Substantial Acquisition of Shares and Takeover) Regulation, 2011 (“Takeover Code”).
Thanks & Regards
Hitesh Himatlal Lakhani
Promoter and Pledgor
Place: Mumbai
Encl: As above
Format for disclosure by the Promoter(s) to the stock exchanges and to the Target Company for encumbrance of shares/ invocation of encumbrance/ release of encumbrance,
in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Name of the Target Company (TC) Rikhav Securities Limited
Names of the Stock Exchanges where the shares of the target company are listed BSE Limited
Date of reporting 04.08.2026
Name of the promoter or PAC on whose shares encumbrance has been created/released/invoked Hitesh Himatlal Lakhani
Details of the creation/invocation/release of encumbrance:
Name of Promoter Promoter Details of events pertaining to encumbrance (3) Post event
the holding in holding already holding of
promoter the target encumbered (2) encumbered
(s) company (1) shares
or {creation
PAC [(2)+(3)] /
s release [(2)-(3)]
with /Invocation
him(*) [(2)-(3)]]
No. of % of No. % of Type of Date of Type of Reasons for No. of % of Name of No. % of
shares total of total event creation/ encumbrance Encumbranc shares total the entity of total
share share share (creation invocation (pledge/ lien/ e ** share in whose share share
s capita /release/ release of non disposal capit favor s capit
capita
l invocation encumbranc undertaking/othe al shares al
) e rs) encumbere
d ***
Hitesh 24,69,72 6.45 Nil Nil Creation 03.08.2026 Pledge Margin 4,98,048 1.3 Rikhav 4,98,0 1.3
Himatlal 0 Trade Securities 48
Lakhani Limited
(DP)
Signature of the Authorized Signatory:
Hitesh Himatlal Lakhani
Promoter and Pledgor
Place: Mumbai
Date: 04.08.2026
*The names of all the promoters, their shareholding in the target company and their pledged shareholding as on the reporting date should appear in
the table irrespective of whether they are reporting on the date of event or not.
** For example, for the purpose of collateral for loans taken by the company, personal borrowing, third party pledge, etc.
***This would include name of both the lender and the trustee who may hold shares directly or on behalf of the lender.