Cream & Cookies Family Trust has acquired 4.36% of equity shares in Sandhar Technologies Limited through a transfer from Mr. Jayant Davar. The transaction, involving 26,22,930 shares, is part of succession planning for the Davar family.
The transaction was executed on August 29, 2025. SEBI had granted an exemption under Regulation 11(5) of the SAST Regulations for this transfer.
Details of Acquisition
| Particulars | Details |
|---|---|
| Name of the transferor / seller | Mr. Jayant Davar |
| Date of acquisition | 29th August, 2025 |
| Number of shares | 26,22,930 |
| Total shares proposed to be acquired | 4.36% |
Shareholding Details
| Pre-Transaction | Post-Transaction | |||
|---|---|---|---|---|
| No. of shares held | % w.r.t total share capital of TC | No. of shares held | % w.r.t total share capital of TC | |
| Cream & Cookies Family Trust | 0 | 0 | 26,22,930 | 4.36% |
| Mr. Jayant Davar | 3,30,56,928 | 54.92% | 3,04,33,998 | 50.56% |
Following the acquisition, the shareholding of Cream & Cookies Family Trust in Sandhar Technologies Limited increased to 4.36%, while Mr. Jayant Davar's shareholding decreased to 50.56%.
The shares were transferred without consideration by way of gift.
The stock exchanges, National Stock Exchange of India Limited and Bombay Stock Exchange, have been notified of the acquisition as per SEBI regulations.
The Cream & Cookies Family Trust has acquired 4.36% of equity shares in Sandhar Technologies Limited through a transfer from Mr. Jayant Davar.
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