The Exchange has received the disclosure under Regulation 29(1) 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 of Sandhar Technologies, has acquired 26,22,930 equity shares (4.36%) of the company through an inter-se transfer by way of gift from promoter Mr. Jayant Davar, who is also the settlor of the trust. Before the transaction, the trust held no shares; after the transfer, it holds 4.36% of the company's equity. The transaction is exempt under SEBI order dated April 30, 2025, since both parties belong to the same promoter group. Additionally, shares held by Mr. Jayant Davar in four promoter-group entities (Sanjeevni Impex, YSG Estates, Sandhar Estates, Jubin Finance) were indirectly transferred to the trust. The total equity capital of Sandhar Technologies remains unchanged at 6,01,90,708 shares of ₹10 each.
This is a reshuffling of shares within the promoter group (from Jayant Davar personally to his family trust) and does not change the total promoter stake in the company. Shareholders should see no impact on the stock price, as the overall promoter holding remains the same.