Sainik Finance & Industries Limited has announced the appointment of Sh. Somvir Sindhu as a Non-Executive Additional Director, effective August 12, 2026. Mr. Sindhu brings over 10 years of experience in the coal mining and logistics sector, with business interests across various industries including mining, logistics, coal beneficiation, power generation, and real estate. Concurrently, Sh. Kuldeep Singh Solanki resigned as a Non-Executive Director, effective the same date due to preoccupations.
Board Appointments and Resignations
Sainik Finance & Industries Limited has made a significant addition to its board, appointing Sh. Somvir Sindhu as a Non-Executive Additional Director. This appointment is effective from August 12, 2026. The Board of Directors approved this change during their meeting held on the same day. Sh. Somvir Sindhu will hold the office until the ensuing 34th Annual General Meeting, where his appointment will be regularized by the shareholders.
Director’s Profile and Experience
Sh. Somvir Sindhu holds a graduation degree and has a substantial professional background. He possesses over 10 years of extensive experience in the field of coal mining and mining logistics. His business acumen extends to interests in several companies engaged in mining, logistics, coal beneficiation, power generation, and real estate. He is not related to any existing director of the company.
Director’s Resignation
In a concurrent development, Sh. Kuldeep Singh Solanki has tendered his resignation from the position of Non-Executive Director, also effective from the close of business hours on August 12, 2026. Mr. Solanki cited other preoccupations as the reason for his resignation. Consequently, he has also ceased to be a member of the Stakeholders Relationship Committee and the Corporate Social Responsibility Committee.
Source: BSE
