Starlight Trust Acquires 72.42% Stake in Hardcastle & Waud Manufacturing Company Ltd.
Mumbai – Starlight Trust has acquired a 72.42% stake in Hardcastle & Waud Manufacturing Company Ltd. from Shri Achal Jatia, a promoter of the company. The acquisition was made under Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.The transaction was undertaken following a SEBI exemption order dated February 26, 2026, with reference number WTM/KCV/CFD/23/2025-26, and a subsequent Corrigendum to the Exemption Order dated March 9, 2026, bearing reference number WTM/KCV/CFD/23A/2025-26.
According to the filing, the aggregate shareholding of the promoter and promoter group in Hardcastle & Waud Manufacturing Company Ltd. remains unchanged as a result of this acquisition. Banwari Lal Jatia, Trustee of Starlight Trust, is a member of the promoter group.
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