Sainik Finance & Industries Limited has announced an acquisition of 13,16,066 equity shares, representing 12.10% of the total share capital. This acquisition was executed via an inter-se transfer of shares among members of the promoter and promoter group through an off-market transaction. The filing confirms that this transaction does not result in a change of control for the company, and the aggregate shareholding of the promoters and promoter group remains unchanged.
Significant Share Acquisition by Promoter Group
Sainik Finance & Industries Limited is the subject of a recent disclosure detailing a substantial acquisition of its equity shares. The acquirers, identified as members of the promoter and promoter group, have collectively acquired 13,16,066 equity shares. This transaction represents a significant holding of 12.10% of the company’s total issued and paid-up share capital.
Transaction Details and Rationale
The acquisition was conducted as an inter-se transfer of equity shares amongst the existing promoter and promoter group entities. This transfer was executed through an off-market transaction, meaning it did not involve trading on a stock exchange. The relevant regulation cited for this transaction is Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which provides an exemption from making an open offer under specific circumstances.
No Change in Control
Crucially, the disclosure emphasizes that despite this significant acquisition by promoter entities, there has been no change in the overall control of Sainik Finance & Industries Limited. The aggregate shareholding of the promoters and the promoter group will remain consistent after the completion of this transaction. The filing was made on September 15, 2026, in accordance with regulatory requirements.
Source: BSE
