Promoters of sainik finance & industries acquired shares through an off-market inter-se transfer on March 30, 2026. The acquirers submitted revised disclosures under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 to BSE Limited on July 18, 2026. The filing updates the shareholding details following the transaction involving multiple promoter group members.

The disclosures detail the acquisition of shares by several acquirers, including Vritpal Sindhu, Abhimanyu Sindhu, Satyapal Sindhu, Dev Sindhu, Saurabh Sindhu, Sarvesh Sindhu, Somvir Sindhu, Shashi Sindhu, and Anika Sindhu. The shares were acquired from Kuldeep Singh Solanki, who sold his entire holding of 2,503,982 shares, representing 23.01% of the total share capital. Following the sale, Solanki's holding in the company reduced to zero.

Acquisition Details

The transaction involved the transfer of shares among the promoter group members. The mode of acquisition was classified as an off-market inter-se transfer. The equity share capital of the target company remained unchanged at Rs. 10,88,00,000, consisting of 10,880,000 equity shares of Rs. 10 each, both before and after the acquisition.

Shareholding Changes

The table below summarizes the changes in shareholding for the key acquirers involved in the transaction:

The revised disclosures were signed by the respective acquirers and the seller on July 18, 2026, in Delhi. The filings were submitted to the Company Secretary & Compliance Officer of Sainik Finance & Industries Limited.

Sainik Finance & Industries Limited reported a 32.6% decline in net profit to ₹416.56 crore for the financial year ended March 31, 2026, primarily due to increased finance costs and employee benefit expenses. Total revenue from operations rose 1.3% to ₹1,688.02 crore, while total expenses increased 19.4% to ₹1,253.11 crore, impacting the bottom line despite higher income. The company submitted the newspaper cuttings of these audited financial results to the BSE on May 29, 2026, following publication in the Financial Express and Haribhoomi.

Financial Performance for FY26

The company’s net profit for the year stood at ₹416.56 crore, down from ₹617.61 crore in the previous year. Total income, comprising revenue from operations and other income, reached ₹1,695.11 crore. Finance costs surged to ₹1,049.54 crore from ₹937.16 crore in FY25, and employee benefits expense rose to ₹130.26 crore from ₹107.37 crore.

Quarterly Results and Segment Reporting

For the quarter ended March 31, 2026, the company reported a net profit of ₹125.51 crore, a decrease from ₹267.04 crore in the corresponding period of the previous year. Revenue from operations for the quarter stood at ₹475.87 crore. The main business of the company is financing activity, and as all activities are carried out within India, there are no separate reportable segments as per Indian Accounting Standard 108.

Assets, Liabilities, and Cash Flow

Total assets as of March 31, 2026, stood at ₹16,100.14 lakh, an increase from ₹14,264.07 lakh in the prior year. Borrowings rose significantly to ₹10,495.05 lakh from ₹8,481.07 lakh. Cash and cash equivalents decreased to ₹266.97 lakh from ₹780.20 lakh at the end of FY25. Net cash flow from operating activities was negative at ₹2,527.21 lakh, while net cash flow from financing activities was positive at ₹2,013.98 lakh.

Auditor's Report and Board Approval

The statutory auditors, Kumra Bhatia & Co., issued an unmodified opinion on the audited financial results. The auditors included an emphasis of matter note regarding loans advanced by the company where no principal or interest has been received, stating that this is in accordance with loan agreements and the company is confident of recovery. The Board of Directors approved the financial results at its meeting held on May 28, 2026.