Sainik Finance & Industries Limited submitted a regulatory disclosure to BSE Limited regarding inter-se transfer of shares among promoter group members. The company received a report under Regulation 10(6) of SEBI (SAST) Regulations, 2011 from Sh. Dev Sindhu for himself and on behalf of all other acquirers.

Transaction Details

The acquisition involved 1,316,066 equity shares representing 12.10% of the total share capital through off-market transactions between September 9-11, 2026. All transactions were executed at ₹40.62 per share.

Detailed Breakdown of Transactions:

  • Vir Sen Sindhu acquired 271,373 shares (2.49%) from Indu Solanki on 09-09-2026
  • Vritpal Sindhu acquired 117,800 shares (1.08%) from Manisha Solanki and 99,351 shares (0.92%) from Col. Girdhari Singh HUF, both on 09-09-2026
  • Ekta Sindhu acquired 172,800 shares (1.59%) from Capt. Kuldeep Singh Solanki HUF, 6,200 shares (0.06%) from Maj Niranjan Singh, 10,049 shares (0.09%) from Col. Girdhari Singh HUF, and 859 shares (0.01%) from Yuvraj Singh Solanki
  • Anika Sindhu acquired 64,000 shares (0.59%) from Rajshree Rathore and 10,621 shares (0.10%) from Indu Solanki, both on 09-09-2026
  • Satyapal Sindhu acquired 74,621 shares (0.69%) from Yuvraj Singh Solanki on 09-09-2026
  • Dev Sindhu acquired 75,200 shares (0.69%) from Asha Rathore, 55,839 shares (0.51%) from Indu Solanki, and 4,647 shares (0.04%) from Yuvraj Singh Solanki, all on 09-09-2026
  • Sarvesh Sindhu acquired 352,706 shares (3.24%) from Yuvraj Singh Solanki on 09-09-2026

Regulatory Exemption

The inter-se transfer qualifies for exemption from open offer requirements under Regulation 10(1)(a)(ii) of SEBI (SAST) Regulations, 2011 as it involves transfer among promoter group members without change in aggregate promoter holding.

Shareholding Impact

The aggregate shareholding of promoters and promoters' group remains unchanged at 44.55% post-transaction. Individual changes include:

Acquirers Post-Transaction Holdings:

  • Vir Sen Sindhu: 595,369 shares (5.47%)
  • Vritpal Sindhu: 1,188,276 shares (10.93%)
  • Ekta Sindhu: 194,908 shares (1.80%)
  • Satyapal Sindhu: 644,965 shares (5.93%)
  • Anika Sindhu: 217,097 shares (1.99%)
  • Dev Sindhu: 731,826 shares (6.73%)
  • Sarvesh Sindhu: 1,273,005 shares (11.70%)

Sellers Post-Transaction Holdings:

All sellers reduced their holdings to zero, including Capt. Kuldeep Singh Solanki HUF (previously 1.59%), Col. Girdhari Singh HUF (previously 1.01%), Yuvraj Singh Solanki (previously 3.98%), Indu Solanki (previously 3.10%), Manisha Solanki (previously 1.08%), Asha Rathore (previously 0.69%), Rajshree Rathore (previously 0.59%), and Maj Niranjan Singh (previously 0.06%).

Financial Impact

The transaction represents a restructuring within the promoter group without any change in the aggregate promoter shareholding or control of the company. No financial impact on the company's operations or cash flows is indicated.