Sainik Finance & Industries Limited has reported an inter-se transfer of shares among its promoter and promoter group members. The transaction involved a total of 13,16,066 equity shares, representing 12.10% of the total share capital, with a value of approximately ₹131.6 crore. This off-market transaction occurred on September 9, 2026, and the company has provided disclosures as per SEBI regulations. The aggregate shareholding of the promoter and promoter group remains unchanged post-transaction.
Sainik Finance Reports Promoter Share Transfer
Sainik Finance & Industries Limited has officially disclosed a significant inter-se transfer of shares involving members of its promoter and promoter group. This transaction, conducted as an off-market trade, saw 13,16,066 equity shares change hands, accounting for 12.10% of the company’s total paid-up share capital. The total value of these transferred shares is approximately ₹131.6 crore.
Transaction Details and Compliance
The disclosures submitted to the stock exchanges confirm that the transfers took place on September 9, 2026, and September 11, 2026. These transactions were executed under 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 in such cases. The company has submitted the requisite report under Regulation 10(6) of the SEBI (SAST) Regulations, 2011, detailing the acquisition.
Impact on Promoter Holding
A key point highlighted in the disclosure is that despite the substantial number of shares transferred between entities within the promoter group, the aggregate shareholding of the promoters and the promoter group has remained unchanged. This indicates a restructuring or re-allocation of ownership within the existing promoter base rather than an acquisition or dilution of overall promoter control.
Breakdown of Share Transfers
The detailed annexures provide a granular view of the transfers. For instance, Indu Solanki transferred 271,373 shares to Vir Sen Sindhu, and 10,621 shares to Anika Sindhu. Similarly, Col. Girdhari Singh HUF transferred shares to both Vritpal Sindhu and Ekta Sindhu. The largest individual transaction involved Yuvraj Singh Solanki transferring 352,706 shares to Sarvesh Sindhu. The price per share for these acquisitions was consistently ₹40.62.
Source: BSE
