BSEInsider Trading / SAST10 Aug 2026 · 10 Aug 2026, 03:40 pm
The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 10, 2026 for Hitesh Himatlal Lakhani
Rikhav Securities Ltd · 544340
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Rikhav Securities Ltd has submitted a revised disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, clarifying a discrepancy in the earlier submission regarding the pledge of shares. The promoter, Hitesh Himatlal Lakhani, has pledged 24,69,72 shares of the company to NU Investors Technologies Pvt Ltd as collateral for a loan.
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Rikhav Securities Ltd - 544340 - Revised Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.
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August 10, 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”).
With reference to your email communication dated August 10, 2026 and our earlier submission
of the disclosure dated August 04, 2026, regarding the discrepancy observed in the disclosures
filed under Regulation 31(1) and 31(2) of SEBI (SAST) Regulations 2011, we wish to submit that
the Company has duly noted the following observations made by the Exchange:
1. Entity in whose favor shares are encumbered mentioned as Rikhav Securities Ltd and
name of Target Company whose shares pledge are same. Please clarify this matter why
Rikhav Securities Ltd accepting pledge with them of its own issued shares as pledge. -
The name “Rikhav Securities Limited” was inadvertently mentioned in the document.
The same may kindly be read as NU Investors Technologies Pvt Ltd.
Accordingly, we are submitting herewith the revised disclosure. Request you to kindly take the
same on record and treat the earlier submission as superseded.
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
Revised Reporting 10.08.2026
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 NU 4,98,0 1.3
Himatlal 0 Trade Investors 48
Lakhani Technolog
ies Pvt Ltd
Signature of the Authorized Signatory:
Hitesh Himatlal Lakhani
Promoter and Pledgor
Place: Mumbai
Date: 10.08.2026
*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.