Announced Tue, 6 Oct, 2026 · 16:32 IST

Board approves reclassification of promoter group entities to public category

Ownership Changes View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used-0.2%+0.2% vs market

Stockbroking & Allied peers, median of 39sector-0.3%+0.3% vs sector

On the reaction day the stock moved 0.2 pts more than Nifty Microcap 250 and 0.3 pts more than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Stockbroking & Allied peers, median of 39Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Rikhav Securities board approved reclassification of 9 promoter group entities (Makshi Infotech, Parth Investment Consultants, Punya Associates LLP, Aadarsh Trading LLP, and individuals CU Lakhani, MN Shah, DN Shah, SM Shah, CJ Maniyar) from Promoter Group to Public Shareholder category under SEBI Regulation 31A. Notably, all 9 entities hold NIL equity shares, making this a procedural reclassification. Approval is subject to BSE clearance.

Likely market impact

Procedural reclassification with no actual shareholding change, as all listed entities hold zero shares. Minimal market impact expected.