Sainik Finance & Industries Limited has disclosed a series of inter-se transfers of equity shares among its promoter and promoter group members. These transactions, conducted via off-market transfers on September 9, 2026, resulted in a collective acquisition of 13,16,066 shares, representing 12.10% of the company’s total share capital. The transfers were executed at a price of Rs. 40.62 per share.
Significant Inter-Se Share Transfers by Promoters
Sainik Finance & Industries Limited has announced a series of disclosures detailing the inter-se transfer of equity shares among its promoter and promoter group members. These transactions, which occurred on September 9, 2026, were executed via off-market transfers. A total of 13,16,066 equity shares were transferred, collectively representing 12.10% of the company’s total issued and paid-up share capital.
Transaction Details
The acquisition of these shares was made pursuant to Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transfer price for these shares was set at Rs. 40.62 per share. The disclosures indicate that these transfers did not result in any change of control for the company and the aggregate promoter and promoter group shareholding remains consistent before and after the transactions.
Key Acquirers and Sellers Involved
Multiple disclosures have been filed by various members of the promoter and promoter group, detailing their respective acquisitions and disposals. Notable acquirers include:
- Dev Sindhu, who acquired 731,826 shares (6.73% of TC).
- Sarvesh Sindhu, who acquired 1,273,005 shares (11.70% of TC).
- Vritpal Sindhu, who acquired 595,369 shares (5.47% of TC).
- Vir Sen Sindhu, who acquired 595,369 shares (5.47% of TC).
- Anika Sindhu, who acquired 217,097 shares (1.99% of TC).
- Ekta Sindhu, who acquired 194,908 shares (1.80% of TC).
- Satyapal Sindhu, who acquired 644,965 shares (5.93% of TC).
Correspondingly, sellers such as Indu Solanki, Manisha Solanki, and others have disposed of shares, with the entire block of 13,16,066 shares (12.10%) being transferred out of the seller group.
Valuation and Regulatory Compliance
A valuation report prepared by Gaurang Agarwal, Registered Valuer, dated August 31, 2026, established the fair value of equity shares at Rs. 37.76 per share as of July 31, 2026. The report considered multiple valuation methodologies, including DCF, EV/AUM, and Net Assets Value, with the Net Assets Value method yielding the highest per-share value. The transaction price of Rs. 40.62 per share is noted to be within the permissible limits under the SEBI regulations.
All necessary disclosures and filings with the BSE Limited and SEBI have been made in compliance with the relevant regulations, including Regulation 10(7), 10(5), 10(6), and 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.
Source: BSE
