Sainik Finance & Industries declared an interim dividend of ₹0.50 per share for the financial year ending March 31, 2026. The board meeting held on September 23, 2026, approved the payout, fixing October 1, 2026, as the record date.

The dividend is declared at a rate of 5% on the paid-up equity share capital of ₹10.88 crore. This capital consists of 1,08,80,000 equity shares of ₹10 each, fully paid up. Shareholders whose names appear in the register as of the record date will be entitled to this interim payout.

Dividend Details

The company informed BSE that the interim dividend will be paid to eligible shareholders within 30 days from the date of declaration. The board meeting commenced at 11:30 am and concluded at 11:55 pm on September 23, 2026.

Regulatory Compliance and Trading Window

In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for directors, key managerial personnel, and designated persons remained closed from September 22, 2026, until 48 hours after the declaration of the board meeting outcome. Piyush Garg, Company Secretary and Compliance Officer, signed the disclosure on September 23, 2026.

Sainik Finance & Industries promoters have completed the final regulatory filings for an inter-se transfer of 13,16,066 equity shares, representing 12.10% of the company’s total share capital. The report under Regulation 10(7) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, was submitted to SEBI on September 19, 2026, marking the conclusion of the compliance process for off-market transactions executed between September 9 and September 11, 2026.

The acquisition relied on the exemption under Regulation 10(1)(a)(ii), permitting transfers among promoter group members without triggering an open offer, provided there is no change in control. The aggregate shareholding of the promoters and promoter group remains unchanged at 70.25% following the transaction. An application fee of ₹1,77,000 was paid to SEBI on September 19, 2026, pursuant to the regulation.

Transaction Details

The shares were transferred at a uniform price of ₹40.62 per equity share. This price was determined based on a fair value assessment by independent registered valuer Gaurang Agarwal, who certified the fair value at ₹37.76 per share as of July 31, 2026. The valuation utilized Discounted Cash Flow (DCF), Comparable Companies Method (CCM), and Net Asset Value (NAV) approaches. The acquisition price of ₹40.62 is within the permissible limit of not exceeding 25% above the fair value for infrequently traded shares.

The transaction involved multiple sellers from the Solanki family transferring stakes to various members of the Sindhu family. Initial disclosure under Regulation 10(5) was made on September 1, 2026, followed by the post-acquisition report under Regulation 10(6) on September 15, 2026.

Sarvesh Sindhu received the largest block of shares, acquiring 3,52,706 shares from Yuvraj Singh Solanki. Vir Sen Sindhu acquired 2,71,373 shares from Indu Solanki. Vritpal Sindhu acquired shares from Manisha Solanki and Col. Girdhari Singh HUF.

Promoter Shareholding Impact

The disclosure confirms that the aggregate shareholding of the promoters and promoter group remains unchanged before and after the transfer. However, the individual stake distribution within the group has shifted significantly.

Prior to the transaction, the collective acquirers held 35,29,380 shares (32.45%). Post-transaction, their holding stands at 48,45,446 shares (44.55%). Conversely, the sellers, who collectively held 13,16,066 shares (12.10%), now hold zero shares in the company following these transfers. The sellers include Yuvraj Singh Solanki, Indu Solanki, Capt. Kuldeep Singh Solanki HUF, Col. Girdhari Singh HUF, Manisha Solanki, Asha Rathore, Rajshree Rathore, and Maj Niranjan Singh.

What the Numbers Show

The uniform acquisition price of ₹40.62 across all 14 distinct tranches suggests a coordinated internal restructuring rather than market-driven purchases. The complete exit of eight seller entities indicates a consolidation of ownership among the Sindhu family members, specifically benefiting Sarvesh Sindhu and Vritpal Sindhu, who saw their individual stakes increase by over 3% and 2% respectively. The premium of approximately 7.5% over the independently valued fair price of ₹37.76 reflects the negotiated terms within the promoter group for this consolidation.