Annual Report for the Financial Year ending 31.03.2026

Evolving with Purpose. Growing with Discipline. Annual Report 2025-26 Annual Report FY26 1 Company Overview Statutory Reports Financial Statements INDEX Evolving with Purpose. Growing with Discipline. 4 Rikhav At A Glance 5 Key Facts & Figures Company 6 Our Journey FY26 was a year of strengthening capabilities, sharpening execution and preparing Rikhav Securities Overview for the next phase of growth. During the year, we continued to evolve as a diversified, technology- 8 Our Portfolio Of Services enabled financial services platform, deepening our capabilities across equity broking, derivatives, Rikhav Plus Next Gen Mobile Trading proprietary trading, market making, margin trading, depository and other capital market services. Platform We strengthened the foundations built over the years through continued investments in technology 13 Meon Aadhar Ekyc Platform and operational infrastructure, including approximately ₹ 5.40 crore towards software systems 14 Strong Risk Management Framework and technology enhancement during FY26. Our low-latency trading ecosystem, automated risk management framework, digital onboarding and Rikhav Plus platform continue to support efficient 15 The Road Ahead execution and a seamless client experience. 16 Chairman’s Letter At the same time, we continued to diversify our revenue engines and expand our participation across 18 Board Of Directors the capital market ecosystem. Our market-making capabilities across BSE and NSE, proprietary trading expertise, newly commenced Margin Trading Facility and focus on institutional business 20 Financial Highlights reflect our efforts to build a more balanced and scalable business model. 22 Corporate Information 23 Management Discussion & Analysis Statutory 32 Notice Of Annual General Meeting Reports 42 Board’s Report 03 Standalone 66 Independent Auditor’s Report Financials 76 Financial Statements Statement 80 Notes To Financial Statements Consolidated 103 Independent Auditor’s Report 109 Financial Statements 113 Notes To Financial Statements Scan QR to Disclaimer View the report This document contains statements about expected future events and financials of Rikhav Securities Limited, which are forward-looking. By their nature, forward-looking statements require the company to make assumptions and are subject to inherent risks and uncertainties. There is a significant risk that the assumptions, predictions and other forward-looking statements may not prove to be accurate. Readers are cautioned not to place undue reliance on forward-looking statements as a number of factors could cause assumptions, actual future results, and events to differ materially from those expressed in the forward-looking statements. Qualifications and risk factors referred to in the management discussion and analysis section of this Annual Report. 2 Rikhav Securities Limited Annual Report FY26 3 Company Overview Statutory Reports Financial Statements RIKHAV Key Facts & Figures Securities Limited EMPOWERING INVESTORS. ENABLING GROWTH. 30+ 23,000+ FY26 Rikhav Securities Limited is a diversified, technology-enabled Years Of Total financial services company offering a comprehensive range Experience Client Base of capital market solutions across equity broking, derivatives, ₹ 1,991.6 Cr commodities, proprietary trading, market making, depository Total Income services, mutual fund distribution, IPO application services and Margin Trading Facility. With over 30 years of experience, the Company has evolved 99% 8,000–9,000 into an integrated platform serving retail, HNI and institutional ₹ 32.5 Cr clients. Its technology-led ecosystem, supported by Rikhav Plus, Monthly Active Client digital onboarding and automated risk management systems, Trading Clients EBITDA Retention enables efficient execution and a seamless client experience. Rikhav is a SEBI-registered market maker on both BSE and NSE, with a strong presence in the SME capital market ecosystem. Its proprietary trading capabilities leverage algorithmic ₹ 18.9 Cr models, arbitrage and delta-hedging strategies, supported by 46+ 195+ automated risk controls. During FY26, the Company further strengthened its technology SME IPOs Team size and operational infrastructure, invested approximately ₹ 5.40 Supported crore in computer software and technology enhancement, and Annually continued to build a more scalable and diversified financial ₹ 4.9 services platform. Building on its successful BSE SME listing in January 22, 2025, Rikhav is now focused on strengthening its operating platform, 4.2 Rikhav Plus expanding its product capabilities and widening its reach across investor segments and geographies. Online Trading Rating On Application Google Play Store MISSION NSE & BSE NSE, BSE & Rikhav Securities is an innovative financial services company offering a full Registered MCX suite of easy-to-use brokerage, investing and banking related solutions, Market Maker Multi Asset delivered at competitive prices. The company aims to continuously add value Trading to their client portfolios by using an efficient and optimal blend of technology and human resources. 4 Rikhav Securities Limited Annual Report FY26 5 Company Overview Statutory Reports Financial Statements OUR JOURNEY 1995–2026: Three Decades of Strategic Growth 2007 Achieved multiple registrations: • Trading Member – Capital 2012 Markets (BSE & NSE) 2026 1995 • Trading Member – F&O Registered as Incorporated (NSE) Market Maker on 2016 2024 Strengthened as Brijmohan • Depository Participant – 2010 BSE and NSE SME technology-enabled Sagarmal Finance CDSL platforms Participated in India’s first Launched Rikhav Plus, a platform, scaling Limited, laying the • SEBI Registration as Crossed 10,000 • Received weekly options contracts proprietary mobile trading proprietary trading and legal foundation Participant Demat accounts, Permanent DP on the NIFTY Bank Index. platform offering multi- MTF while expanding for future capital • First Demat account reflecting growing status from Crossed 15,000 Demat asset access and digital digital and institutional market services. opened investor confidence. CDSL. accounts.. onboarding. capabilities. 2006 2008 2011 2013 2019 2025 Rebranded as Expanded into: Secured registrations for: Gained full trading Crossed 20,000 Demat Successfully listed on Rikhav Securities and clearing accounts, reaffirming the BSE SME platform • Trading Member – MCX • F&O and Cash Market – BSE Limited to align with capabilities on its strong retail on January 22, 2025 • Crossed 5,000 Demat its core focus on MCX: F&O, Cash presence. with an IPO of ₹ 88.82 accounts. broking and market- & Self-Clearing Cr. Strengthened digital making. Membership infrastructure, franchise partnerships, and client acquisition nationwide. 6 Rikhav Securities Limited Annual Report FY26 7 Company Overview Statutory Reports Financial Statements OUR PORTFOLIO Of Services Equity Broking (Cash & Derivatives) EMPOWERING EVERY INVESTOR, AT EVERY STEP Seamless Execution Backed by Trust and Technology. The Company provides equity broking services across NSE and BSE, serving retail, HNI, NRI Rikhav Securities Limited offers a comprehensive suite of financial and corporate clients. Its integrated platform enables access to cash and derivatives markets and capital market services designed to meet the evolving needs of through competitive brokerage, real-time market information and personalised client support. retail, HNI and institutional clients. Its integrated platform spans equity Powered by Rikhav Plus and supported by automated risk management systems, the Company broking, derivatives, commodities, proprietary trading, market making, enables efficient order execution, portfolio access and controlled trading across market depository services, mutual fund distribution, IPO applications and conditions. Margin Trading Facility. The Company’s technology-enabled platform combines trading, FY26 Annual Turnover: FY26 Average Daily Turnover: investment [Showing first 8,000 characters — download PDF for full document]