The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hazelnut Family Trust
SANDHAR · price
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Hazelnut Family Trust, whose settlor Mrs. Monica Davar is a promoter of Sandhar Technologies, has acquired 26,22,930 equity shares (4.36% of total share capital) through an inter-se transfer by way of gift from within the promoter group. Before the acquisition, the trust held Nil shares; after the acquisition, it holds 4.36%. The transaction was carried out under an SEBI exemption order dated April 30, 2025, and the trust has been added to the promoter group. Additionally, Mrs. Monica Davar transferred her stakes in four promoter-group entities (Sanjeevni Impex, YSG Estates, Sandhar Estates, and Jubin Finance) to the trust, restructuring promoter holdings within the family. The share capital remains unchanged at 6,01,90,708 equity shares of Rs 10 each.
This is an internal promoter-group restructuring with no change in overall promoter ownership or share capital of the company, so there is no material impact on shareholders. However, retail investors should note that Mrs. Monica Davar's individual stake moves into the family trust, which may affect future disclosures and voting patterns at the promoter level.