Rikhav Securities Ltd — Important, 29-09-2025: Company Update

Rikhav Securities Limited's Board has decided not to proceed with the acquisition of 49,980 Equity Shares (99.96%) of RSL Insurance Brokers Private Limited, priced at Rs. 5.39 each. The company had initially approved this acquisition but, following a feasibility study, management determined it was not in the business's best interest at this stage. This decision reflects a strategic re-evaluation, impacting the company's planned expansion into the insurance brokerage sector and demonstrating a focus on prudent business growth.