Submission of Report under regulation 10(7) of SEBI (SAST) Regualtions, 2011 received from the acquirer of equity shares of the Company pursuant to inter se transfer
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Sainik Finance & Industries received a report from acquirer Sarvesh Sindhu and others regarding the acquisition of 2,503,982 equity shares (23.01% of share capital) from Kuldeep Singh Solanki through an off-market inter-se transfer among promoter group members. The transaction was completed on 30th March 2026 at Rs. 40.62 per share, as certified by an independent valuer (valuation was Rs. 38.83 per share). This transfer qualifies for exemption under Regulation 10(1)(a)(ii) of SEBI SAST Regulations. Sarvesh Sindhu's holding increased from 20.47% to 43.48%, while Kuldeep Singh Solanki's stake reduced from 23.01% to 0%. The total promoter holding remains unchanged at 70.25%, and there is no change in control of the company.
This is a routine internal reallocation of promoter holdings with no impact on public shareholding or company control. The stock is unlikely to see any price reaction as the transaction was pre-disclosed and exempt from open offer requirements.