The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Himmatlal Lakhani HUF
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Himmatlal Lakhani HUF, part of the Promoter Group of Rikhav Securities Ltd, acquired 1,80,000 equity shares (0.47% of total share capital) through an off-market transaction on June 26, 2025. This raises the HUF's total holding in the company from 10,95,000 shares (2.86%) to 12,75,000 shares (3.33%). The disclosure was filed voluntarily under SEBI's Takeover Code Regulation 29(2) even though the acquisition was below the mandatory 5% threshold. The total equity share capital of the company remains at 3,82,92,000 shares of Rs. 5 each, valued at Rs. 19.14 crore.
This is a positive signal of promoter group confidence in the company, as insiders are increasing their stake using their own funds through an off-market deal. The post-acquisition holding of 3.33% is still well below the 5% disclosure threshold, so there is no immediate trigger for an open offer. Retail investors may view this as a sign of promoter commitment, though the quantum of acquisition is small.