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
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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.
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.