Sainik Finance & Industries Limited has filed a prior intimation with BSE Limited regarding the proposed inter-se transfer of 2503982 equity shares representing 23.01% of the company's total share capital among promoter group members. The transaction, disclosed on March 20th, 2026, involves Kuldeep Singh Solanki as the sole seller transferring shares to nine different acquirers within the promoter group under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Structure and Pricing

The share transfer is structured as an off-market transaction at Rs.40.62 per share, scheduled to commence on or after March 30th, 2026. The transaction falls under the exemption provided by Regulation 10(1)(a)(ii) of SEBI SAST Regulations, 2011, which covers inter-se transfers among promoter group members. The acquisition price has been declared within the permissible limit of 25% above the price determined by an independent registered valuer at Rs.38.83 per share.

Detailed Acquisition Breakdown

The complete transfer involves Kuldeep Singh Solanki divesting his entire holding to nine acquirers within the promoter group. The distribution demonstrates a strategic rebalancing of shareholding among family members while maintaining overall promoter control.

Comprehensive Shareholding Impact

The transaction will significantly alter individual shareholding patterns within the promoter group while maintaining the overall promoter shareholding at 70.25%. Post-transaction, the nine acquirers' collective shareholding will increase from 2227012 shares (20.47%) to 4730994 shares (43.48%), while Kuldeep Singh Solanki will completely exit his shareholding position.

Regulatory Compliance and Declarations

The company has confirmed comprehensive compliance with all applicable disclosure requirements under Chapter V of the SEBI SAST Regulations, 2011. The filing includes declarations that all conditions specified under regulation 10(1)(a) have been duly complied with, and both transferors and transferees will comply with applicable disclosure requirements. The transaction requires no open offer as it qualifies for exemption under the inter-se transfer provisions, with no change in control of the company anticipated.

Sainik Finance & Industries Limited announced its unaudited financial results for the quarter ended December 31, 2025, showing mixed performance with revenue growth but declining profitability compared to the previous year. The company's Board of Directors approved these results during their meeting held on February 12, 2026.

Financial Performance Overview

The company reported a net profit of Rs 123.51 lakhs for Q3 FY26, representing a decrease from Rs 140.29 lakhs achieved in the corresponding quarter of the previous fiscal year. This decline of 11.96% reflects the impact of higher operational expenses during the quarter.

Revenue and Income Analysis

Interest income, which constitutes the company's primary revenue source, demonstrated strong growth of 12.40% year-on-year, increasing from Rs 392.56 lakhs in Q3 FY25 to Rs 441.21 lakhs in Q3 FY26. The company did not report any other income during the current quarter, compared to Rs 5.57 lakhs in the previous year's corresponding period.

Expense Structure

The company's expense profile showed significant increases across key categories. Finance costs rose substantially to Rs 285.76 lakhs from Rs 231.45 lakhs in the previous year, marking a 23.49% increase. Employee benefits expenses also increased to Rs 26.50 lakhs compared to Rs 21.48 lakhs in Q3 FY25.

Nine-Month Performance

For the nine-month period ended December 31, 2025, the company achieved a net profit of Rs 291.05 lakhs compared to Rs 350.57 lakhs in the corresponding period of the previous year. Interest income for the nine-month period reached Rs 1,212.15 lakhs, up from Rs 1,141.53 lakhs in the previous year.

Earnings Per Share and Capital Structure

The company's basic and diluted earnings per share for Q3 FY26 stood at Rs 1.14, down from Rs 1.29 in the previous year's quarter. The paid-up equity share capital remained unchanged at Rs 1,088.00 lakhs, with each share having a face value of Rs 10.

Business Operations and Compliance

Sainik Finance & Industries operates primarily in financing activities, with all operations conducted within India. The company noted that there are no separate reportable segments as per Indian Accounting Standard 108 on Operating Segments. The financial results were reviewed by the Audit Committee and received limited review from statutory auditors Kumra Bhatia & Co., as required under SEBI regulations.