The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hazelnut Family Trust
SANDHAR · price
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Mrs. Monica Davar, a promoter of Sandhar Technologies, is transferring her entire personal holding of 26,22,930 shares (4.36% of diluted share capital) to Hazelnut Family Trust, a private family trust settled by her. The transfer is being made without any consideration as a gift, purely for succession planning within the Davar family. SEBI has granted an exemption from making an open offer under Regulation 11(5) via its order dated April 30, 2025. Post-transfer, Mrs. Monica Davar will hold NIL shares directly, while Hazelnut Family Trust will hold 4.36%. Mrs. Davar also retains indirect holdings through promoter group entities such as Sanjeevni Impex (2.80%), YSG Estates (2.76%), Sandhar Estates (0.58%), and Jubin Finance (0.95%).
This is an internal reorganization within the promoter group and not a market transaction, so there is no change in overall promoter shareholding and no impact on the stock price. Shareholders should view this as a neutral estate-planning event with no dilution or change in control.