The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for B D Lakhani, Mahesh Shah, Vikram Shah, Navalchand ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Rikhav Securities Ltd filed multiple Reg 29(2) SAST disclosures dated March 17, 2026, relating to share transactions done on March 13, 2026 in the open market. Members of the Lakhani promoter group (B D Lakhani, N D Lakhani, H D Lakhani, B N Lakhani) collectively acquired around 28.4 lakh shares (~7.4% stake), with B D Lakhani, N D Lakhani, and H D Lakhani making fresh entries into the company's shareholding. On the other side, members of the Shah promoter group (Mahesh, Vikram, Rajendra, Dharmesh, and the related HUFs) collectively sold roughly 25.3 lakh shares (~6.6% stake), with the biggest sellers being Dharmesh Shah (1.92%), Mahesh Shah (1.83%), and Vikram Shah (1.28%). The pattern strongly suggests a rebalancing of promoter group holdings between the two families rather than any change to the overall promoter group shareholding.
No impact on overall promoter control as the trading is between two promoter group families rebalancing stakes. Individual Lakhani family members' post-acquisition holdings remain well below 5%, so no creeping acquisition trigger. The Shah family has reduced their collective stake significantly (Mahesh down to 3.34%, Dharmesh to 4.17%, Vikram to 3.25%, Rajendra to 2.97%), which may indicate a gradual withdrawal of the Shah family from the promoter group.