The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(a)(i)of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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Sainik Finance & Industries Ltd has completed an off-market transfer of 25,03,982 equity shares (23.01% of share capital) from Kuldeep Singh Solanki to multiple members of the Sindhu family (Sarvesh, Saurabh, Somvir, Shashi, Vritpal, Abhimanyu, Satyapal, Anika, and Dev Suman Sindhu). The transaction was executed on March 30, 2026 at Rs. 40.62 per share, which is within the permitted 25% premium over the fair value of Rs. 38.83 certified by an independent valuer. The acquirers' collective holding increased from 20.47% to 43.48%, while Kuldeep Singh Solanki's stake reduced from 23.01% to zero. The total promoter and promoter group holding remained unchanged at 70.25%, with no change in control of the company. The transaction was filed under Regulation 10(7) claiming exemption under Regulation 10(1)(a)(ii) for inter-se transfers among promoter group members.
This is an internal reorganisation of promoter shareholding with no change in aggregate promoter stake or company control. The consolidation of promoter holding in the Sindhu family may strengthen their grip on the company, but does not trigger any open offer obligation.