The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Deep Lakhani
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Deep Lakhani, a promoter of Rikhav Securities Limited, has purchased 1,80,000 equity shares through an off-market transaction on July 16, 2025. This acquisition raises his stake in the company from 21,09,960 shares (5.51%) to 22,89,960 shares (5.99%) of the total equity share capital. The disclosure was filed under Regulation 29(2) of SEBI's Takeover Code on July 18, 2025. The company's total share capital remains 3,82,92,000 equity shares of Rs. 5 each (Rs. 19,14,60,000). The acquisition was made off-market, and no new shares were issued — the share count of the company did not change.
This is a promoter buying more shares, which is generally viewed as a confidence signal from insider. However, the size of the purchase is relatively small (0.47%), so it is unlikely to cause a major price movement on its own. Retail investors may note the promoter conviction but should weigh it against the small incremental size.