Rikhav Securities Ltd

📈 Open Offer for Rikhav Securities: 26% Stake at ₹47.75/Share

• Sobhagya Capital Options Private Limited appointed as Manager to the Open Offer.

• Offer by Acquirers (B D Lakhani, B N Lakhani, H D Lakhani, N D Lakhani) and PACs (Hitesh Himmatlal Lakhani, Deep Hitesh Lakhani, Vaishali Rajendra Shah, Bharti Hitesh Lakhani) for up to 99,55,920 equity shares.

• Represents 26% of voting share capital at ₹47.75 per share.

• Total consideration payable if fully accepted is ₹47.53 crore.

• Triggered on March 11, 2026 due to market purchases exceeding creeping acquisition limits.

• Acquirers acquired shares via market purchases: B D Lakhani (7,90,400 shares), B N Lakhani (9,26,400 shares), H D Lakhani (9,66,400 shares), N D Lakhani (5,68,000 shares).

• Offer is not subject to minimum acceptance and is payable in cash.

• Target Company: Rikhav Securities Limited, listed on BSE SME (Scrip Code: 544340, ISIN: INE0CFH01028).