Sainik Finance & Industries disclosed an inter-se transfer of 13,16,066 equity shares, representing 12.10% of its total share capital, among members of the promoter group. The transactions were executed through off-market deals between September 9 and September 11, 2026. The formal report under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, was submitted on September 15, 2026.

The company filed the report citing the exemption under Regulation 10(1)(a)(ii). This regulation allows transfers among promoters without triggering an open offer, provided there is no change in control. The disclosure confirms that the aggregate shareholding of the promoters and promoter group remains unchanged before and after the transfer.

Transaction Details

The shares were transferred at a uniform price of ₹40.62 per equity share. The transaction involved multiple sellers from the Solanki family and others transferring stakes to various members of the Sindhu family. Initial disclosure required under Regulation 10(5) was made on September 1, 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.

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.