Sainik Finance & Industries Limited has disclosed an inter-se transfer of shares among its promoters and promoter group. A total of 13,16,066 equity shares, representing 12.10% of the company’s total share capital, were transferred through an off-market transaction. This move, dated September 1, 2026, falls under the exemption of SEBI (SAST) Regulations, 2011, with no change in the overall promoter shareholding or control of the company.
Promoter Shareholding Realigned
Sainik Finance & Industries Limited has officially communicated an inter-se transfer of shares involving its promoter and promoter group entities. This significant transaction, executed on September 1, 2026, facilitated the movement of 13,16,066 equity shares. These shares constitute 12.10% of the total issued and paid-up share capital of the company. The transaction was conducted as an off-market trade.
Regulatory Compliance and Transaction Details
The company has provided this disclosure in compliance with Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Importantly, this transfer is exempt from open offer requirements as per Regulation 10(1)(a)(ii) of the SEBI (SAST) Regulations, 2011. The rationale behind this transaction highlights that it is an internal rearrangement among promoters and the promoter group, ensuring no change in the ultimate control or the aggregate shareholding percentage of the promoter group.
Financial and Shareholding Impact
The details of the transfer, including the number of shares acquired by each entity within the promoter group, are specified in the accompanying annexures. The aggregate shareholding of the promoters and the promoter group remains constant before and after this off-market transaction. The price per share for this transfer was determined at Rs. 40.62. The overall shareholding of the Acquirers in the company before this transaction was 70.25%, and it remains 70.25% after the transaction.
Source: BSE
