The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for B N Lakhani
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B N Lakhani, part of the Promoter Group of Rikhav Securities Ltd, has acquired 4,11,200 equity shares (1.07% of total share capital) through the open market on March 11, 2026. This is a fresh acquisition — the promoter group's holding went from nil to 4,11,200 shares, now standing at 1.07% of the company's voting capital. The total equity share capital remains unchanged at Rs. 19.14 crore (3,82,92,000 shares of Rs. 5 each). The disclosure was filed under SEBI's Takeover Code Regulation 29(2) by Bharti Lakhani on behalf of B N Lakhani.
This signals confidence from a promoter group member buying shares on the open market, which is generally viewed positively by retail investors. However, the acquisition size is small (1.07%), so the direct price impact may be limited. It shows the promoter group is actively increasing its stake from zero, which can be a positive sentiment signal.