The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vikram Shah HUF
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Vikram Navalchand Shah HUF, a promoter of Rikhav Securities Ltd, has sold 2,12,800 equity shares (0.56% of total share capital) through the open market on March 11, 2026. The promoter's holding dropped from 3,42,000 shares (0.89%) to 1,29,200 shares (0.34%) after the transaction. This is a reduction of about 62% in the HUF's personal stake in the company. Rikhav Securities has a total equity share capital of Rs. 19.15 crore, comprising 3,82,92,000 shares of Rs. 5 each.
A meaningful insider exit by a promoter entity, even though the percentage of company shares sold is small. Retail investors typically view such promoter selling as a cautious signal, especially in a small-cap stock where promoter actions can move sentiment.