The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on February 27, 2026 for Hitesh Himatlal Lakhani

Promoter holding below 50%Ownership Changes View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-3.3%Reaction day

₹43.43

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-2.2%-1.1% vs market

Stockbroking & Allied peers, median of 37sector-2.7%-0.6% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 0.6 pts less 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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Reaction day

-3.3-2.2-1.1-2.7-0.6

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-5.6-4.8-0.8-4.0-1.6

-6.7-3.8-2.9-2.4-4.3

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UpDownMarket · Nifty Microcap 250Sector · Stockbroking & Allied peers, median of 37Pending

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

AI summary

Hitesh Himatlal Lakhani, a promoter of Rikhav Securities Ltd, has disclosed the creation of a pledge on 4,98,048 equity shares (1.30% of total share capital) in favour of NU Investors Technologies Pvt Ltd on February 23, 2026. Prior to this event, the promoter held no encumbered shares; post-event, his encumbered holding stands at 1.30% of the company. His total promoter stake in the company is 24,69,720 shares, representing 6.45% of total share capital. The disclosure was filed with BSE on February 27, 2026 under Regulation 31(1) of the SEBI Takeover Code.

Likely market impact

This is a fresh pledge creation by a minority promoter (6.45% stake) on a small portion of his holdings, raising limited concerns. Shareholders should monitor whether the pledged shares are invoked, which could signal financial stress for the promoter.