Sandhar Technologies Files Regulatory Disclosure for NCLT-Approved Amalgamation

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.79%	-3.33%	+1.19%	-8.71%	+18.54%	+156.44%

Sandhar Technologies Limited's Board of Directors has approved an ambitious expansion proposal to establish a manufacturing facility in Mexico, marking a significant step in the company's international growth strategy. The decision was taken during a board meeting held on March 26, 2026, which commenced at 03:00 P.M. and concluded at 05:15 P.M.

Strategic Expansion Initiative

The board has approved the establishment of an assembling/manufacturing facility specifically for the company's automotive business operations in Mexico. This strategic move is designed to strengthen Sandhar Technologies' international presence while enhancing proximity to key customers and original equipment manufacturers (OEMs).

Parameter	Details
Meeting Date	March 26, 2026
Meeting Duration	03:00 P.M. to 05:15 P.M.
Business Focus	Automotive assembling/manufacturing
Target Location	Mexico

Implementation Structure

The proposed expansion will be undertaken through flexible structural arrangements to ensure compliance with Mexican regulations. The company plans to establish the facility through one of the following mechanisms:

Setting up a branch office
Incorporation of a wholly owned subsidiary
Such other entity as may be permissible under applicable Mexican laws

This approach provides Sandhar Technologies with operational flexibility while ensuring adherence to local regulatory requirements.

Strategic Objectives

The Mexico facility is expected to deliver multiple strategic benefits for Sandhar Technologies' automotive business operations:

International Presence: Strengthening the company's global footprint in key automotive markets
Customer Proximity: Enhanced access to key customers and OEMs in the region
Operational Efficiency: Achieving improved operational efficiencies through strategic location
Supply Chain Optimization: Realizing supply chain efficiencies through regional manufacturing

Regulatory Compliance and Next Steps

Sandhar Technologies has committed to maintaining full transparency regarding this expansion initiative. The company will provide detailed disclosure under Regulation 30 of the SEBI Listing Regulations upon finalization of the organizational structure and receipt of all requisite regulatory and statutory approvals related to the proposed expansion.

The announcement was made through an official communication to both BSE Limited and National Stock Exchange of India Limited, ensuring compliance with listing obligations and disclosure requirements.