The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Starlight Trust
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Starlight Trust, a member of the promoter group of Hardcastle & Waud Manufacturing Company Ltd, has disclosed acquisition of equity shares aggregating to 72.42% of the company's paid-up share capital. The shares were acquired from Shri Achal Jatia, another promoter, pursuant to a SEBI exemption order dated 26 February 2026 along with its corrigendum dated 9 March 2026. Importantly, the aggregate shareholding of the promoter and promoter group remains unchanged at 72.42%, indicating this is a transfer of holdings between promoter family entities rather than any new external acquisition. The filing has been made under Regulation 29(1) of the SEBI Takeover Regulations, 2011 to formally disclose the change in the identity of the holding entity.
This is an internal reshuffle within the promoter group and should not materially affect the stock price since the aggregate promoter ownership stays the same at 72.42%. Existing shareholders should treat this as housekeeping among promoter family entities, approved by SEBI through a special exemption.