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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Awaiting price reaction for this filing.
Cream & Cookies Family Trust, whose settlor is Sandhar Technologies promoter Jayant Davar, acquired 26,22,930 equity shares (4.36% of total share capital) of the company via inter-se transfer by way of gift on 29 August 2025. Before the acquisition, the Trust held no shares; after the acquisition, it holds 4.36%. The Trust also indirectly acquired Jayant Davar's stakes in promoter group entities — Sanjeevni Impex (95%), YSG Estates (72%), Sandhar Estates (62.12%), and a small stake in Jubin Finance & Investment. The total equity share capital of Sandhar Technologies remains unchanged at 6,01,90,708 shares of INR 10 each. This appears to be an internal restructuring of promoter holdings from an individual to a family trust under SEBI exemption order dated April 30, 2025.
This is a promoter group internal reshuffle (gift-based inter-se transfer), so there is no change in the overall promoter holding of Sandhar Technologies or any fresh supply of shares in the market. Shareholders are unlikely to see any meaningful stock price impact; the move consolidates promoter ownership under a family trust structure for estate/succession planning.