Pursuant to the Regulation 30 read with Schedule Ill of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 read with Regulation 3 of SEBI (Prohibition of Insider Regulations) Regulations, 2015, Sainik Finance & Industries has informed that the Company has received a report under Regulation 10(6) of SEBI (SAST) Regulations, 2011 from Vritpal Sindhu for himself and on behalf of all other Acquirers, with regard to acquisition of shares by way of inter-se transfer of shares amongst immediate relatives who are also the member of promoter and promoters group through off-market transaction. Such inter se transfer of shares amongst immediate relatives who are also the members of Promoter and Promoters' Group falls within the exemption as provided under Regulation 10 (1)(a)(i) of SEBI (SAST) Regulation, 2011. It has been done through an off-Market transaction by way of gift.
The above information is a part of company’s filings submitted to BSE.
