The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Cream & Cookies Family Trust
SANDHAR · price
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Cream & Cookies Family Trust, a promoter group entity, acquired 26,22,930 equity shares (4.36%) of Sandhar Technologies Ltd from promoter Jayant Davar via an inter-se transfer by way of gift on 29th August 2025. The transfer was made under a SEBI exemption order (WTM/AB/CFD/03/2025-26 dated April 30, 2025). Post-transfer, the Trust's direct holding stands at 3,04,33,998 shares (50.56%) of the company. The combined promoter group holding remains around 50-55%, with no change in the total promoter group's effective stake. Mr. Jayant Davar also transferred his stakes in four promoter group entities (Sanjeevni Impex, YSG Estates, Sandhar Estates, and Jubin Finance) to the Trust.
This is a purely internal restructuring within the promoter group, with no change in effective promoter shareholding. The inter-se transfer exempts it from SEBI takeover code open offer obligations, so retail investors should see no material impact on the stock or promoter control of the company.