Sainik Finance & Industries promoters executed another off-market inter-se transfer on September 11, 2026. Promoter group member Ekta Sindhu acquired 6,200 equity shares, representing 0.06% of the total voting capital, from fellow promoter Maj Niranjan Singh.

The transaction was disclosed under Regulation 29(2) read with Regulation 29(3) of SEBI’s Substantial Acquisition of Shares and Takeovers Regulations, 2011, and Regulation 7(2) read with Regulation 6(2) of SEBI’s Prohibition of Insider Trading Regulations, 2015. The company’s total equity share capital remains unchanged at ₹10.88 crore, comprising 10,880,000 equity shares of ₹10 each. The aggregate shareholding of the promoters and promoter group remained unchanged before and after the transfer.

Disposal Details

Maj Niranjan Singh completely exited his holding by transferring his entire stake to Ekta Sindhu. His post-transaction holding is zero.

Acquisition Details

Ekta Sindhu acquired the 6,200 shares from Maj Niranjan Singh. This adds to her existing holding established in the September 9 restructuring.

What the Numbers Show

This transaction follows a larger restructuring exercise on September 9, 2026, where promoters consolidated a 12.04% stake through multiple inter-se transfers. The uniform transaction value of ₹40.62 per share in this latest transfer matches the valuation used in the September 9 block restructuring, indicating consistent internal pricing for these promoter group adjustments. Ekta Sindhu’s total stake has now increased from 1.74% to 1.80%, while Maj Niranjan Singh has fully exited his promoter group holdings.

Sainik Finance & Industries promoters have proposed an inter se transfer of 13,16,066 equity shares, representing 12.10% of the total share capital. The off-market transaction is priced at ₹40.62 per share.

The filing under Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, discloses that the proposed acquisition will occur on or after September 7, 2026. This date follows the mandatory four-working-day window from the intimation issued on September 1, 2026.

Transaction Structure

The transfer involves seven acquirers and eight sellers within the promoter group. Key participants include Vir Sen Sindhu, Vritpal Sindhu, and Sarvesh Sindhu as primary acquirers. Sellers include Indu Solanki, Yuvraj Singh Solanki, and Capt. Kuldeep Singh Solanki (HUF).

Pricing and Regulatory Compliance

The acquisition price of ₹40.62 per share is based on an independent registered valuer’s assessment for infrequently traded shares, which determined a base price of ₹37.76 per share. The company declared that the acquisition price does not exceed 25% above this computed value.

The transaction falls under the exemption provided by Regulation 10(1)(a)(ii) of the SEBI SAST Regulations, 2011, as it constitutes an inter se transfer among promoters. Consequently, no open offer is required.

What the Numbers Show

The aggregate promoter holding remains unchanged at 70.25% before and after the transaction. While individual stakes shift significantly—for instance, Sarvesh Sindhu’s holding rises from 8.46% to 11.70%—the consolidated control structure of the target company remains stable. The non-promoter promoter group (PACs other than acquirers and sellers) retains its stake of 25.70%, indicating the restructuring is confined strictly to the active promoter circle.