Sainik Finance Promoters Transfer 12.10% Stake Inter-Se

Transaction Overview

Sainik Finance & Industries Limited witnessed significant inter-se transfer of 1,316,066 equity shares (12.10% of paid-up capital) among promoter group members through off-market transactions executed between September 9-11, 2026. The transactions occurred at a uniform price of ₹40.62 per share, involving redistribution of shares primarily from Solanki/Rathore family members to Sindhu family acquirers.

Valuation & Regulatory Compliance

An independent valuation by registered valuer Gaurang Agarwal (IBBI/RV/06/2021/14187) determined fair value at ₹37.76 per share using weighted methodologies: DCF (₹39.68), Comparable Companies (₹28.04), and NAV (₹45.58). The acquisition price complied with SEBI SAST Regulation 10(1)(a)(ii) exemption requirements, falling within the permitted 25% variance from independent valuation. Regulatory compliance included ₹177,000 SEBI application fees, prior intimations to BSE (September 1), post-transaction reports (September 15), and comprehensive SEBI filings under Regulations 10(5), 10(6), and 10(7).

Shareholding Changes

Acquirers (Sindhu Family): Vir Sen Sindhu acquired 271,373 shares (2.49%), Vritpal Sindhu acquired 217,151 shares (2.00%), Ekta Sindhu acquired 183,708 shares (1.69%), Anika Sindhu acquired 74,621 shares (0.69%), Satyapal Sindhu acquired 74,621 shares (0.69%), Dev Sindhu acquired 135,686 shares (1.25%), and Sarvesh Sindhu acquired 352,706 shares (3.24%).

Sellers (Solanki/Rathore Family): Indu Solanki sold 337,833 shares (3.10%), Manisha Solanki sold 117,800 shares (1.08%), Col. Girdhari Singh HUF sold 109,400 shares (1.01%), Capt. Kuldeep Singh Solanki HUF sold 172,800 shares (1.59%), Yuvraj Singh Solanki sold 432,833 shares (3.98%), Asha Rathore sold 75,200 shares (0.69%), Rajshree Rathore sold 64,000 shares (0.59%), and Maj Niranjan Singh sold 6,200 shares (0.06%).

Capital Structure & Business Context

The company's capital structure remained unchanged with authorized capital of ₹11 crore and paid-up capital of ₹10.88 crore (10.88 million shares of ₹10 each). Sainik Finance is an RBI-registered NBFC (Certificate No. N.14.02967) primarily engaged in providing Inter Corporate Deposits. Crucially, the aggregate promoter group holding remained unchanged at 70.25% post-transaction, indicating purely internal restructuring without external dilution or acquisition.

Regulatory Framework

The transactions were executed under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and SEBI (Prohibition of Insider Trading) Regulations, 2015, with all required disclosures made under Chapter V. The company confirmed nil derivatives trading by promoters and maintained compliance with all SEBI listing obligations and disclosure requirements.