Sainik Finance: Promoters Inter-Se Transfer 23.01% Equity

Sainik Finance & Industries Ltd has reported an inter-se transfer of 2,503,982 equity shares, representing 23.01% of its total paid-up share capital, among its promoters and promoter group members. The transaction was conducted off-market. The company received a report under Regulation 10(7) of SEBI (SAST) Regulations, 2011, from Sh. Sarvesh Sindhu, the acquirer, confirming compliance with the exemption for such transfers. An application fee of ₹1,77,000 was paid to SEBI. The necessary reports were filed with SEBI and stock exchanges within the stipulated timelines, including prior intimation and post-acquisition reporting.