Sainik Finance & Industries Limited Announces Inter-se Transfer of Shares
Sainik Finance & Industries Limited announced an inter-se transfer of shares amongst members of the promoter and promoter group. The transfer, occurring through an off-market transaction, involves a total of 2,503,982 equity shares, representing 23.01% of the company’s share capital.The transfers, detailed in a filing with the BSE Limited, involved shares held by Kuldeep Singh Solanki being transferred to Sarvesh Sindhu, Saurabh Sindhu, Somvir Sindhu, Shashi Sindhu, Vritpal Sindhu, Abhimanyu Sindhu, Satyapal Sindhu, Anika Sindhu, and Dev Suman Sindhu.
The company clarified that this inter-se transfer is exempt under Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as it doesn't alter the overall shareholding of the promoter group. The aggregate shareholding of the promoters and promoter group remains unchanged before and after the transaction.
The shares were transferred at a price of ₹40.62 per share.
Share Transfer Details
The following table outlines the details of the share transfers:
| Sr. No. | Name of Seller | Name of Acquirer | No. of Shares Acquired | % of Share Capital |
|---|---|---|---|---|
| 1 | Kuldeep Singh Solanki | Sarvesh Sindhu | 671,067 | 6.17 |
| 2 | Kuldeep Singh Solanki | Saurabh Sindhu | 172,107 | 1.58 |
| 3 | Kuldeep Singh Solanki | Somvir Sindhu | 172,107 | 1.58 |
| 4 | Kuldeep Singh Solanki | Shashi Sindhu | 172,107 | 1.58 |
| 5 | Kuldeep Singh Solanki | Vritpal Sindhu | 413,157 | 3.80 |
| 6 | Kuldeep Singh Solanki | Abhimanyu Sindhu | 361,325 | 3.32 |
| 7 | Kuldeep Singh Solanki | Satyapal Sindhu | 141,976 | 1.30 |
| 8 | Kuldeep Singh Solanki | Anika Sindhu | 141,976 | 1.31 |
| 9 | Kuldeep Singh Solanki | Dev Suman Sindhu | 258,160 | 2.37 |
| Total | 2,503,982 | 23.01 |
This transaction was disclosed by Sarvesh Sindhu on behalf of himself and all other acquirers. The date of the announcement was March 20, 2026.
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