Sandhar Technologies Director Arjun Sharma Tenure Ends

Sandhar Technologies has informed the stock exchanges regarding the completion of the tenure of its Independent Director, Shri Arjun Sharma. The intimation was filed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shri Arjun Sharma (DIN: 00003306) has completed his second and final term as an Independent Director. He ceased to hold the office of Director of the company with effect from the close of business hours on May 23, 2026.

Committee Memberships Cease

Following the completion of his term, Sharma's membership and chairmanship in various committees of the Board have also ceased to exist. The details of the cessation were provided in the regulatory filing.

The Board of Directors acknowledged the guidance and stewardship provided by Sharma during his tenure, noting that his contributions significantly aided the company's success and growth.

Details of Cessation

The company provided specific details regarding the event in an annexure to the filing.

S. No.	Details	Information of such event(s)
1.	Reason for change	Shri Arjun Sharma ceased to be an Independent Director of the Company from the close of the business hours on May 23, 2026, upon completion of his second and final term.
2.	Date of Cessation	May 23, 2026
3.	Brief Profile	Not applicable
4.	Disclosure of relationships	Not applicable

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.08%	+0.04%	+32.53%	+30.34%	+34.81%	+185.71%

Sandhar Technologies Limited has filed a formal regulatory disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirming the completion of promoter group restructuring through NCLT-approved amalgamation schemes. The disclosure, submitted to both BSE Limited and National Stock Exchange of India Limited on April 02, 2026, provides detailed information about the shareholding transfer following the amalgamation of promoter group entities.

NCLT-Approved Amalgamation Implementation

The restructuring involved two separate amalgamation schemes sanctioned by the National Company Law Tribunal, New Delhi, with specific effective dates:

Amalgamation Details:	Effective Date
Sanjeevni Impex Private Limited amalgamated with YSG Estates Private Limited:	March 17, 2026
Jubin Finance and Investment Limited amalgamated with Sandhar Estates Private Limited:	March 30, 2026
Raasaa Retail Private Limited amalgamated with Sandhar Estates Private Limited:	March 30, 2026

Pursuant to these NCLT-sanctioned schemes, all assets, liabilities, rights, and obligations of the transferor companies have been transferred to and vested in YSG Estates Private Limited and Sandhar Estates Private Limited respectively.

Shareholding Structure Changes

The amalgamation resulted in a significant consolidation of promoter group holdings, with the acquirers gaining 22,58,246 equity shares representing 3.75% of the total share capital:

Holdings Category:	Before Acquisition	After Acquisition	Change
Acquirer Holdings:	20,12,312 shares (3.34%)	42,70,558 shares (7.09%)	+22,58,246 shares
PAC Holdings:	3,80,91,687 shares (63.29%)	3,80,91,687 shares (63.29%)	No change
Total Promoter Group:	4,01,03,999 shares (66.63%)	4,23,62,245 shares (70.38%)	+3.75%

Regulatory Compliance Framework

The disclosure identifies eight Persons Acting in Concert (PACs) within the promoter group structure:

Jayant Davar
Neel Jay Davar
Poonam Juneja
Santosh Davar
Monica Davar
Sandhar Infosystems LLP
Jayant Davar (Trustee of Cream and Cookies Family Trust)
Jayant Davar (Trustee of Hazelnut Family Trust)

The filing was signed by Mathews V. Abraham, Director (DIN: 07916355), representing both YSG Estates Private Limited and Sandhar Estates Private Limited.

Company Capital Structure

Sandhar Technologies' equity share capital remains unchanged at INR 60,19,07,080, divided into 6,01,90,708 equity shares of INR 10 each. The company maintains its listing status on both the National Stock Exchange of India Limited and BSE Limited, with the restructuring representing an internal consolidation within the existing promoter group framework through the court-approved amalgamation process.