Rikhav Securities Ltd — Important, 06-09-2025: Company Update

Rikhav Securities Limited's board has approved acquiring a 99.96% equity stake in RSL Insurance Brokers Private Limited for Rs. 2,69,392.20. This cash acquisition makes RSL Insurance Brokers a subsidiary. The move signifies Rikhav Securities' strategic entry into the insurance sector, aiming for diversification and operational synergies with its existing stockbroking business. The newly incorporated insurance entity plans to begin operations after securing necessary regulatory licenses, intending to leverage its client base and market opportunities. The transaction involves promoters but is structured on an arm's length basis.