The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Cream & Cookies Family Trust and Hazelnut Family Trust
SANDHAR · price
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Sandhar Technologies' promoters Jayant Davar and Monica Davar transferred 26,22,930 equity shares (4.36% of paid-up capital) each to two family trusts — Cream & Cookies Family Trust and Hazelnut Family Trust — on 29 August 2025. The transfers were done by way of gift under an SEBI exemption order dated 30 April 2025 under Regulation 11(5) of the Takeover Regulations. Post-transaction, Cream & Cookies Family Trust holds 3,04,33,998 shares (50.56%), while Hazelnut Family Trust's holding is shown as Nil after the transfer. The total share capital of the company (6,01,90,708 shares of Rs 10 each) remains unchanged, and the combined promoter group shareholding stays effectively the same — this is purely an internal restructuring within the promoter family, likely for estate/succession planning.
No material impact on retail shareholders — this is a reshuffle within the promoter group, not a change in ultimate ownership or a market sale. Share price is unlikely to be affected as total promoter control and the company's share capital remain unchanged.