Sainik Finance & Industries Limited announced the completion of an inter-se transfer of equity shares amongst its promoters and promoter group. This transaction, conducted via an off-market deal on September 09, 2026, involved 13,16,066 equity shares, representing 12.10% of the total share capital. The move complies with SEBI’s Substantial Acquisition of Shares and Takeovers Regulations, 2011, and ensures no change in the aggregate promoter holding.
Promoter Shareholding Adjustments
Sainik Finance & Industries Limited has disclosed a significant inter-se transfer of shares within its promoter and promoter group. This transaction, executed on September 09, 2026, involved a total of 13,16,066 equity shares. These shares represent 12.10% of the company’s total issued and paid-up share capital.
Regulatory Compliance and Share Transfer Details
The transfer was conducted through an off-market transaction, adhering to the provisions of Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This inter-se transfer among existing promoters aims to reallocate holdings without altering the overall promoter or promoter group’s aggregate shareholding in the company. Several individual promoters and HUFs were involved in the transaction, with the share price fixed at INR 40.62 per share.
Key acquirers in this transaction include Dev Sindhu, who acquired a substantial portion of the shares, increasing his holding. The filings also detail transactions involving other members of the promoter group, such as Anika Sindhu, Ekta Sindhu, Vritpal Sindhu, and Sarvesh Sindhu, among others, reflecting a consolidation or reallocation of shares within the promoter base.
Valuation and Compliance
The valuation report, dated July 31, 2026, determined the fair value of the equity shares at INR 37.76 per share, based on the Net Assets Value methodology. The acquisition price of INR 40.62 per share is in compliance with the regulations, not exceeding the permissible limit over the determined fair value. The company has also submitted reports under Regulation 10(5) and 10(6) to the stock exchanges, confirming compliance with the disclosure requirements.
Shareholding Changes
Following the transfer, the aggregate shareholding of the promoters and promoter group remains unchanged, indicating a structural adjustment rather than an acquisition from external parties. Specific disclosures regarding the holding patterns before and after the transaction highlight the reallocation among individuals like Dev Sindhu, Vir Sen Sindhu, and others, reflecting their increased individual stakes post-transfer.
Source: BSE
