Rikhav Securities shares jump 6.95% as Exchange receives disclosure under Regulation 29(2) for BD Lakhani
Why did Rikhav Securities Ltd shares jump today?
Rikhav Securities Ltd shares jumped significantly today, Friday, at 02:39 PM. The stock price rose by to reach a current price of .
This surge in share price is in response to a recent market disclosure. The company informed the stock exchange that it has received a notification under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. This disclosure was made by B D Lakhani, who is identified as part of the Promoter Group of Rikhav Securities.
The detailed news indicates that Bharti Hitesh Lakhani, acting on behalf of B D Lakhani, has acquired equity shares of Rikhav Securities Limited. A formal letter dated September 10, 2026, was sent to both the BSE Limited and Rikhav Securities, enclosing the required declaration under the SEBI Takeover Code. Such an acquisition by a member of the promoter group is often viewed by the market as a sign of strong confidence in the company's future prospects, which likely triggered the positive reaction and the sharp upward movement in the share price.
What does Rikhav Securities Ltd do?
Rikhav Securities Limited is a publicly listed company whose shares are acquired by the Promoter Group. The company's office is located in the P.J. Tower on Dalal Street in Mumbai, Maharashtra, India.
The company is the subject of a substantial acquisition of equity shares by the Promoter Group. This transaction is being conducted in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, and has been disclosed to both the BSE Limited and the company itself.
Rikhav Securities Ltd Financials
In CroresRikhav Securities Ltd demonstrated exceptional growth between Mar 2025 and Mar 2026, with revenue increasing sharply from ₹225.06 Crores to ₹1,596.05 Crores, representing a growth of approximately 609%. Concurrently, the company achieved a significant financial turnaround, moving from a net loss of ₹27.0 Crores in Mar 2025 to a net profit of ₹1.2 Crores in Mar 2026.
Rikhav Securities Ltd Shareholding Pattern
Promoter holding stands at 64.06% of the total share capital. Foreign Institutional Investors (FIIs) hold 0.58% stake in the company, while Domestic Institutional Investors (DIIs) hold 1.12%. Public shareholders hold the remaining 34.23% stake in Rikhav Securities Ltd.
Rikhav Securities Ltd FAQs
Q: Why did Rikhav shares jump 6.95% today?
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for BD Lakhani. This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of Rikhav Securities Ltd?
As per the latest data, promoters hold 64.06% stake in Rikhav Securities Ltd, while FII holding stands at 0.58%. Domestic institutional investors hold 1.12%, and public shareholders account for 34.23% of the equity.
Q: What is the current stock price of Rikhav Securities Ltd?
Rikhav Securities Ltd shares are currently trading at ₹50.0, recording a gain of 6.95% from the previous close.
Q: What is the market capitalization of Rikhav Securities Ltd?
The company currently has a market capitalization of ₹191.46 crore, reflecting its valuation in the Indian equity market.