Rikhav Securities Ltd — Important, 01-01-1970: Company Update

Acquirers B D Lakhani, B N Lakhani, H D Lakhani, and N D Lakhani, along with Persons Acting in Concert (PACs), have announced an open offer to acquire up to 99,55,920 equity shares, representing 26% of Rikhav Securities Limited's voting share capital. The offer price is INR 47.75 per share, totaling approximately INR 47.54 Cr. This mandatory offer was triggered by recent market purchases of 32,51,200 shares by the acquirers for INR 12.75 Cr, which increased their voting rights to 8.48% and exceeded the permissible acquisition limit. This allows public shareholders to tender their shares.