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Rikhav Securities Limited

5 articles
Rikhav Securities is facing a period of delayed financial reporting and a significant ownership shift. The company has postponed its board meeting and subsequent investor call due to a quorum issue, pushing back the approval of its FY26 annual and half-year results. Simultaneously, the Lakhani family, through Sobhagya Capital, has initiated a mandatory open offer to acquire up to 26% of Rikhav Securities' outstanding shares at a price of ₹47.75 per share, triggered by recent market purchases exceeding regulatory creeping acquisition limits. The open offer, valued at approximately ₹47.54 crore, will run from June 15 to June 29, 2026.