Exemption order in the matter of Hardcastle and Waud Manufacturing Ltd.
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What is this order about?
This order concerns an exemption request by Starlight Trust for proposed share acquisitions in Hardcastle and Waud Manufacturing Limited, which SEBI examined under the SAST Regulations.
Who it concerns
Starlight Trust
What was found or directed
- Exemption from SAST Regulations 2011
- Proposed direct acquisition of 23.63% shares from Achal Jatia
- Proposed indirect acquisition of 49.98% shares via JBVL transfer
- Trust structured under Indian Trusts Act 1882
- No change in promoter group shareholding (73.61% before and after)
- Trustees and beneficiaries are promoter family members
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | WTM/KCV/CFD/23/2025-26 |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
Highlights & Points worth asking
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Documents
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Order
2026-02-26
eo_hardcastle_waud.pdf
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