The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hitesh Himatlal Lakhani HUF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Hitesh Himatlal Lakhani HUF, a promoter of Rikhav Securities Ltd, has acquired 1,80,000 equity shares (0.47% stake) through an off-market transaction on July 16, 2025. The disclosure under SEBI Takeover Code Regulation 29(2) was filed on July 18, 2025. Post-acquisition, the promoter's holding has increased from 13,14,600 shares (3.43%) to 14,94,600 shares (3.90%) of the company. The total equity capital of the company remains 3,82,92,000 shares of Rs. 5 each (Rs. 19,14,60,000). The acquirer described the disclosure as voluntary, and the shares were bought off-market.
This is a modest promoter stake increase showing insider confidence in the company, though the size is small (under 4% total). Shareholders may view promoter buying as a mildly positive signal, but the low trading volume and small-cap nature of the stock mean price impact is likely limited.