Sandhar Technologies Limited , a prominent player in the auto component industry, has secured shareholder approval for the re-appointment of its founder, Jayant Davar, as Executive Chairman and Chief Executive Officer. The decision was made at the company's 33rd Annual General Meeting (AGM) held on September 19, 2025.

Key Highlights

• Jayant Davar re-appointed for a five-year term starting January 1, 2026
• Shareholders approved the re-appointment with 82.90% votes in favor
• AGM conducted through video conferencing with 144 members in attendance

Leadership Continuity

The re-appointment of Jayant Davar ensures continuity in leadership for Sandhar Technologies. With over four decades of experience in the auto component industry, Davar brings a wealth of knowledge and expertise to his role. His re-appointment reflects the company's commitment to maintaining stable and experienced leadership at the helm.

Professional Background

Jayant Davar's credentials include:

• Mechanical Engineering degree from Thapar Institute of Engineering & Technology, Patiala
• Alumnus of Harvard Business School, Boston
• Recipient of the Distinguished Alumnus Award from Thapar Institute

Industry Involvement

Davar's influence extends beyond Sandhar Technologies. He holds several key positions in industry bodies:

• Member of the Advisory Committee of Fraunhofer Gesellschaft, Germany
• Advisor to the Automotive Component Manufacturers Association (ACMA)
• Member of the Executive Committee of the National Council, Confederation of Indian Industry (CII)
• Serves on the Sectoral Committee on Auto & Auto Components of the Haryana Government
• Co-Chairman of the Hero MotoCorp Suppliers Council

Additional AGM Resolutions

The AGM also saw the approval of several other important resolutions:

1. Adoption of audited financial statements for the year ended March 31, 2025
2. Declaration of a final dividend of ₹3.50 per equity share
3. Re-appointment of Neel Jay Davar as a Non-Executive Non-Independent Director
4. Appointment of K K Sachdeva & Associates as Secretarial Auditor
5. Increase in borrowing limits and limits for creation of charges on company assets
6. Increase in authorized share capital and consequent alteration of the Memorandum of Association
7. Approval for raising capital through various modes including public issue, rights issue, and qualified institutions placement

Shareholder Participation

The AGM, conducted through video conferencing, saw active participation from shareholders. The company provided remote e-voting facilities and e-voting during the AGM to ensure maximum shareholder participation in the decision-making process.

Sandhar Technologies Limited continues to demonstrate strong corporate governance practices through transparent communication and engagement with its shareholders. The re-appointment of Jayant Davar and the approval of key resolutions indicate shareholder confidence in the company's leadership and strategic direction.

Sandhar Technologies Limited , a prominent player in the automotive components sector, has disclosed significant developments regarding substantial share acquisitions by its major shareholders. The company has submitted multiple declarations to the stock exchanges, shedding light on a complex share settlement process involving its promoters and family trusts.

Key Disclosures

Sandhar Technologies reported receiving declarations from two key figures:

1. Jayant Davar, Settlor of Cream & Cookies Trust
2. Monica Davar, Settlor of Hazelnut Family Trust

These declarations, submitted on September 1, 2025, are in compliance with Regulation 29(2) of the Securities and Exchange Board of India (SEBI) Substantial Acquisition of Shares and Takeovers Regulations, 2011.

SEBI Exemption

A crucial aspect of this development is the exemption granted by SEBI under Regulation 11(5) of the SAST Regulations. This exemption, detailed in SEBI order No. WTM/AB/CFD/03/2025-26 dated April 30, 2025, pertains to the proposed settlement of shares involving the aforementioned trusts.

Multiple Filings

The company has made several filings to ensure full transparency:

1. A disclosure under Regulation 29(1) of SAST Regulations, involving Jayant Davar and Monica Davar as acquirers through their respective family trusts.
2. A separate filing under Regulation 29(2) of SAST Regulations, where Jayant Davar and Monica Davar are mentioned as promoters and transferors of Sandhar Technologies Limited.
3. An additional filing under Regulation 29(2), reiterating the roles of Jayant Davar and Monica Davar as settlors of their respective family trusts.

Corporate Governance

Yashpal Jain, Chief Financial Officer & Company Secretary of Sandhar Technologies, has signed off on these disclosures, emphasizing the company's commitment to regulatory compliance and transparent communication with its shareholders.

While the exact details of the share settlement and its potential impact on the company's ownership structure are not explicitly stated in the available information, these disclosures indicate a significant reorganization of shares among the promoter group and associated family trusts.

Investors and market watchers will likely keep a close eye on any further developments or clarifications from Sandhar Technologies regarding this share settlement process and its implications for the company's governance and ownership structure.