Sandhar promoters transfer shares to family trusts

Sandhar Technologies Limited has announced the disclosure of share transfers by its promoters, Jayant Davar and Monica Davar, to their respective family trusts, Cream & Cookies Family Trust and Hazelnut Family Trust. These inter-se transfers, conducted by way of gift on August 29, 2025, were made pursuant to an exemption order from SEBI under Regulation 11(5) of the SAST Regulations, 2011.

Jayant Davar, as transferor, moved 2,622,930 equity shares to Cream & Cookies Family Trust, representing 4.36% of the company's total voting capital. After this acquisition, Cream & Cookies Family Trust holds 2,622,930 shares, maintaining its 4.36% stake, while Jayant Davar's direct holding reduced from 54.92% to 50.56%. Monica Davar, as transferor, also transferred 2,622,930 equity shares to Hazelnut Family Trust, which also constitutes 4.36% of the total voting capital. Following this, Hazelnut Family Trust holds 2,622,930 shares (4.36%), and Monica Davar's direct holding reduced from 4.36% to nil.

The transfers also include indirect acquisitions by both trusts, as Jayant Davar and Monica Davar transferred shares in other entities forming part of the promoter group to their respective family trusts. The total equity share capital of Sandhar Technologies before and after these acquisitions/sales remains INR 601,907,080 divided into 60,190,708 equity shares of INR 10 each.