sebi:WTM/KCV/CFD/23/2025-26
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Facts / Headnote
Exemption granted to Starlight Trust from open offer requirements
Provisions invoked
- s. 11
- s. 19
Regulations
- Reg. 4
- Reg. 11
- Reg. 3
- Reg. 5
- Reg. 201
- Reg. 31
Holding
Exemption was granted to Starlight Trust from complying with sub-regulation (1) of regulation 3 and regulation 5 read with regulation 4 of the SAST Regulations, 2011 with respect to the proposed direct and indirect acquisition in Hardcastle and Waud Manufacturing Limited.
Full text
__________________________________________________________________________________________ Exemption Order in the matter of Hardcastle and Waud Manufacturing Limited Page 2 of 13 the Securities and Exchange Board of India (SEBI) from Starlight Trust ( Acquirer Trust/ “Applicant”) in respect of proposed direct and indirect acquisition of shares in the Target Company by the Acquirer Trust.
__________________________________________________________________________________________ Exemption Order in the matter of Hardcastle and Waud Manufacturing Limited Page 3 of 13 (b) As seen from the above shareholding pattern of the Target company, Jeevdani Business Ventures Ltd. (JBVL) holds 3,39,610 equity shares of the Target Company, representing 49.98% of the total paid up share capital of Target Company. (c) The shareholding pattern of JBVL, as disclosed by the Applicant vide email dated October 15, 2025, is as follows: Sr. No. Name of Shareholders Number of Shares % of Shares
__________________________________________________________________________________________ Exemption Order in the matter of Hardcastle and Waud Manufacturing Limited Page 4 of 13 (d) As seen from the above shareholding pattern of JBVL, Achal Jatia, who is part of the promoter/promoter group of the Target company, holds 97.61% of the shareholding in JBVL.
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Source: SecMarx — sebi:WTM/KCV/CFD/23/2025-26. 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.