The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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Sainik Finance & Industries Ltd has informed BSE about a proposed inter se transfer of 25,03,982 equity shares (23.01% of share capital) among members of the promoter/promoter group, exempt from open offer under SEBI SAST Regulation 10(1)(a)(i). All shares are being sold by Kuldeep Singh Solanki to nine members of the Sindhu family, including Sarvesh Sindhu, Saurabh Sindhu, Vritpal Sindhu, and Abhimanyu Sindhu. The transaction is priced at Rs. 40.62 per share via off-market transfer, expected to be executed on or after 30th March 2026. The aggregate promoter group holding remains unchanged at 70.25% before and after the transaction, with no change in control. This appears to be an internal family restructuring where the Solanki branch is fully exiting the promoter group and the Sindhu branch is consolidating ownership.
No impact on overall promoter shareholding percentage or control of the company. However, the internal ownership within the promoter group shifts significantly — Kuldeep Singh Solanki exits entirely while the Sindhu family's individual stakes rise, which may be relevant for governance and future decision-making. Investors should monitor any subsequent changes in management or board composition.