Hazelnut Family Trust has acquired a 4.36% stake in Sandhar Technologies Limited through an inter-se transfer by way of gift. The acquisition involves 26,22,930 equity shares and is effective as of August 29, 2025.
The acquisition is being undertaken pursuant to an exemption granted by SEBI under order No. WTM/AB/CFD/03/2025-26, dated April 30, 2025. As the acquirer and transferor are part of the same group, the settlor of the Hazelnut Family Trust, Mrs. Monica Davar, is also a promoter of Sandhar Technologies. Consequently, the acquirer will be included as part of the promoter group.
Details of Acquisition
| Particulars | Details |
|---|---|
| Shares carrying voting rights acquired | 26,22,930 |
| Percentage of share/voting capital | 4.36% |
| Mode of acquisition | Inter-se transfer by way of gift |
| Date of acquisition | August 29, 2025 |
Prior to this acquisition, Hazelnut Family Trust held no shares in Sandhar Technologies. Post-acquisition, the trust holds 26,22,930 shares, representing 4.36% of the equity share capital.
The equity share capital of Sandhar Technologies before and after the acquisition remains unchanged at ₹60.19 Crores divided into 6,01,90,708 equity shares of ₹10 each.
In addition to the direct acquisition, Hazelnut Family Trust also indirectly acquired shares held by Mrs. Monica Davar in entities forming part of the promoter group.
Indirect Acquisitions
| Company Name | Shares Transferred | Shareholding of Mrs. Monica Davar (%) | Shareholding in TC (%) |
|---|---|---|---|
| Sanjeevni Impex Private Limited | 500 | 5.00% | 2.80% |
| YSG Estates Private Limited | 9,800 | 28.00% | 2.76% |
| Sandhar Estates Private Limited | 7,50,000 | 37.88% | 0.58% |
| Jubin Finance and Investment Limited | 100 | 0.032% | 0.95% |
The disclosure was made under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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