sebi:WTM/AB/CFD/03/2025-26
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Facts / Headnote
Exemption granted from open offer requirements; application disposed of
Provisions invoked
- s. 19
- s. 11(1)
- s. 11(2)
Regulations
- Reg. 4
- Reg. 3
- Reg. 5
- Reg. 3(2)
- Reg. 31
- Reg. 11(5)
Holding
SEBI granted Hazelnut Family Trust and Cream & Cookies Family Trust exemption from complying with Regulations 4 and 5(1) of the Takeover Regulations, 2011 for the proposed direct and indirect acquisition of shares/voting rights in Sandhar Technologies Limited by way of gift.
Full text
________________________________________________________________________________________________ Exemption Order in the matter of Sandhar Technologies Limited Page 2 of 10 (ii) Indirectly, in the Target Company, through transfer of shares in Sanjeevni Impex Private Limited (“SIPL”), YSG Estates Private Limited (“YEPL”), Jubin Finance And Investment Ltd (“JFIL”) and Sandhar Estates Private Limited (“SEPL”), which are shareholders of the Target Company and are part of the Promoter Group of the Target Company.
________________________________________________________________________________________________ Exemption Order in the matter of Sandhar Technologies Limited Page 3 of 10
________________________________________________________________________________________________ Exemption Order in the matter of Sandhar Technologies Limited Page 4 of 10 Jayant Davar Husband of Monica Davar Beneficiaries Jayant Davar Husband of Monica Davar Neel Jay Davar Son of Jayant Davar and Monica Davar Lineal descendants of Jayant Davar
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Source: SecMarx — sebi:WTM/AB/CFD/03/2025-26. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.