Rikhav Securities Ltd (RIKHAV) — promoter pledge

Pledged promoter shares first appear in Rikhav Securities Ltd's Mar 2026 filing, covering 16.6% of promoter holding. The 16.6% pledged in Mar 2026 is the highest level on record. A year earlier, in Mar 2025, the figure was 0%.

6 members of the promoter group report pledged shares in Mar 2026: Himatlal J. Lakhani ( Huf) . (3.33% of the company, 100% of it pledged), Deep Hitesh Lakhani (5.98% of the company, 43.8% of it pledged), Bharti Hitesh Lakhani (4.14% of the company, 48.5% of it pledged) and 3 others.

Ranked by share of promoter holding pledged, Rikhav Securities Ltd is #293 of the 563 listed Indian companies whose latest quarterly filing reports any pledged promoter shares.

A promoter pledge means a promoter has put their own shares up as collateral, usually against a loan. It is legal and common, and SEBI requires it to be disclosed every quarter in the shareholding pattern. It matters to other shareholders because a sharp fall in the share price can trigger a margin call: if the promoter cannot top up the collateral, the lender can invoke the pledge and sell those shares in the open market, which adds selling pressure to an already falling price and, at high pledge levels, can change who controls the company. The percentage on its own is not a verdict — the level, the direction of travel and what the borrowing funded all matter.