This was their third appearance in the I'Anson knockout competition final and on both previous occasions they had lost to Grayshott.
As a division three side, the I'Anson newcomers were well beaten by Grayshott in 1999. Last season, by now a powerful division one outfit, Puttenham again lost to the knockout kings.
But in last week's final, it was sweet revenge for Puttenham whose superior out-cricket enabled them to at last break Grayshott's grip on the old trophy.
There was little to choose between the sides and fielding was always going to be a key factor. Puttenham held all their catches and had the edge in experience over Grayshott who fielded several of their talented youngsters.
A telling factor in this close contest was that Grayshott conceded 22 extras, Puttenham just 3.
Puttenham's total of 123-9 in 16 eight-ball overs always looked competitive on the Milford wicket which always gives the bowlers a chance.
Although Grayshott's ploy of opening with Simon Whitley again paid off with two early wickets, Matt Cook and John Crouch took a heavy toll of the spinner's third over and, thereafter, Puttenham were always on course for a large total.
Ali Lindsey-Clark bowled with fire and control, deserving his fine figures of 5 for 22 in four overs, but the late order scored at a good rate and Grayshott, having to bat second in fading light, knew they had a task on their hands.
That task was even greater after Andy Wheble had holed out in the second over. Paul Osborn fell to a fine catch by Keith Smith and it was left to Richard Baker to hold things together.
But wickets fell too regularly for Grayshott to keep up with the pace, although it was not for the lack of trying by Danny Schwick who, coming in at number 5, kept his side's hopes alive with some dashing stroke-play.
But, having reached 34, his innings ended in bizarre fashion when he wandered out of his ground after a loud lbw appeal and was run out by Lee Randall.
With disciplined bowling – Adrian Beagley and Brian Turner between them conceded just 32 runs in eight overs – and excellent fielding, Puttenham tightened their grip and restricted their old foes to 106-8 at the close, thus running out deserved victors.
John Crouch received the Stevens Cup from Alistair Grant, chairman of Milford CC who hosted the final with great efficiency. Crouch was also named man of the match for his 23 runs and two important wickets.
PUTTENHAM
B Turner b Whitley 4
M Cook c Wheble b Sobey 26
A Beagley b Whitley 1
J Crouch c Osborn b Lindsey-Clark 23
M Latham c Hunt b Lindsey-Clark 11
M Budd lbw Lindsey-Clark 2
L Randall b Wheble 14
J Lay c Baker b Lindsey-Clark 4
K Smith c Whitley b Lindsey-Clark 7
R Champneys not out 6
T Wickens not out 3
Extras 22
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Total (for 9 wkts) 123
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Bowling: S Whitley 3-0-24-2, M Sobey 4-0-24-1, A Lindsey-Clark 4-0-22-5, M Haywood 4-0-23-0, A Wheble 1-0-10-1.
GRAYSHOTT
A Wheble c J Crouch b Turner 2
R Baker c Lay b J Crouch 21
P Osborn c Smith b Beagley 2
S Whitley c Lay b J Crouch 11
D Schwick run out 34
M Haywood b Beagley 7
A Lindsey-Clark c J Crouch b Budd 6
M Sobey c and b Turner 11
G Hunt not out 9
M Richards not out 0
Extras 3
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Total (for 8 wkts) 106
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Bowling: A Beagley 4-0-15-2, B Turner 4-0-17-2, J Crouch 3-0-28-2, M Budd 4-0-35-1, K Smith 1-0-11-0.