Submission of Disclosure under regulation 29 (2) of SEBI (SAST) Regulations 2011 and regulation 7 (2) of SEBI (PIT) Regualtions 2015, received from the acquirer and seller of equity shares ....
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Sainik Finance & Industries has informed the stock exchange about an inter-se transfer of 25,03,982 equity shares (23.01% of total share capital) among members of the promoter and promoter group, executed through an off-market transaction on 30 March 2026. All shares were sold by Kuldeep Singh Solanki (promoter and director) and acquired by six members of the promoter group: Sarvesh Sindhu (6.17%), Vritpal Sindhu (3.80%), Abhimanyu Sindhu (3.32%), Saurabh Sindhu (1.58%), Somvir Sindhu (1.58%), and Shashi Sindhu (1.58%), with Satyapal Sindhu acquiring the remaining 1.30%. The price was Rs. 40.62 per share. The company clarified that the aggregate shareholding of the promoter and promoter group remains unchanged before and after this transfer, as it is a reshuffle within the family.
Since this is a reshuffle within the promoter family with no change in total promoter shareholding, there is no impact on minority shareholders or on the company's overall ownership structure. The stock price is unlikely to be materially affected as no new external investor is involved.