Submission of Report under regulations 10 (6) of SEBI (SAST) Regulations, 2011 received from the acquirer of equity shares of the Company
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sainik Finance & Industries disclosed an inter-se transfer of 25,03,982 equity shares (23.01% of share capital) among members of the promoter group on 30 March 2026. Sole seller Kuldeep Singh Solanki transferred shares to 9 acquirers (all Sindhu family members, led by Sarvesh Sindhu) at Rs. 40.62 per share through off-market transactions. The largest recipient was Sarvesh Sindhu, who got 6,71,067 shares (6.17%), taking his individual holding from 20.47% to 43.48%. The aggregate promoter and promoter group shareholding remains unchanged before and after the transfer, and no change in control of the company is involved. The transaction qualifies for exemption under Regulation 10(1)(a)(ii) of SEBI SAST Regulations, and the required Regulation 10(5) disclosure was filed on 20 March 2026.
This is an internal reshuffle within the promoter family and does not change total promoter ownership or control of the company. The filing reveals that the promoter group's aggregate holding is around 43.48%, meaning the company does not have a majority controlling promoter, which may be relevant for corporate governance and any future takeover considerations. Shareholders should note no real change in beneficial ownership, so the stock price is unlikely to be materially impacted.