Sainik Finance & Industries Ltd. Announces Inter-se Transfer of Shares Among Promoters
Sainik Finance & Industries Limited announced a proposed inter-se transfer of shares amongst members of the Promoters/Promoters Group. The transfer involves an acquisition of 2,503,982 equity shares, representing 23.01% of the company’s total share capital.The acquisition will occur via an off-market transaction at a price of Rs. 40.62 per share. The transfer is expected to be completed on or after March 30, 2026.
According to a filing, the rationale for the transfer is an inter-se transaction among promoter group members without a change in control. The aggregate promoter/promoters' group shareholding will remain unchanged.
The acquisition is exempt under Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. An independent registered valuer has determined a price of Rs. 38.83 per share.
The following table details the shareholding changes:
| Shareholder Details | Before Proposed Transaction (No. of Shares / Voting Rights) | % w.r.t. Total Share Capital of TC | After Proposed Transaction (No. of Shares / Voting Right) | % w.r.t. Total Share Capital of TC |
|---|---|---|---|---|
| Acquirer(s)* | 2,227,012 | 20.47 | 4,730,994 | 43.48 |
| SARVESH SINDHU | 249,232 | 2.29 | 920,299 | 8.46 |
| SAURABH SINDHU | 41,666 | 0.38 | 213,773 | 1.96 |
| SOMVIR SINDHU | 52,000 | 0.48 | 224,107 | 2.06 |
| SHASHI SINDHU | 18,466 | 0.17 | 190,573 | 1.75 |
| VRITPAL SINDHU | 557,968 | 5.13 | 971,125 | 8.93 |
| ABHIMANYU SINDHU | 540,832 | 4.97 | 902,157 | 8.29 |
| SATYAPAL SINDHU | 428,368 | 3.94 | 570,344 | 5.24 |
| ANIKA SINDHU | 500 | 0.00 | 142,476 | 1.31 |
| DEV SUMAN SINDHU | 337,980 | 3.11 | 596,140 | 5.48 |
| Seller(s)* | 2,503,982 | 23.01 | 0 | 0 |
| KULDEEP SINGH SOLANKI | 2,503,982 | 23.01 | ||
| PACs other than Acquirers and Sellers* | 2,911,954 | 26.77 | 2,911,954 | 26.77 |
Sarvesh Sindhu signed the disclosure on behalf of the acquirers.
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