Submission of Prior intimation under regulation 10(5) of SEBI SAST regulations 2011, received from the acquirer w r t inter se transfer of shares amongst the promoters and promoters group ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sainik Finance & Industries has informed the exchange about a proposed off-market transfer of 25,03,982 equity shares (23.01% of share capital) from Kuldeep Singh Solanki to 9 members of the promoter/promoter group, all from the Sindhu family. The largest recipient is Sarvesh Sindhu getting 6.17% (6,71,067 shares), followed by Vritpal Sindhu at 3.80% and Abhimanyu Sindhu at 3.32%. The transfer is priced at Rs. 40.62 per share and is exempt from an open offer under Regulation 10(1)(a)(ii) of SEBI SAST Regulations. The aggregate promoter and promoter group shareholding remains unchanged at 70.25% before and after the transaction, meaning there is no change in control of the company.
This is purely an internal reshuffle within the promoter family and does not change the total promoter ownership or control of the company. Existing public shareholders are unaffected, and no open offer is triggered. The stock price is unlikely to be materially impacted by this transfer.