Sanstar Ltd Approves Preferential Allotment of 1.8 Cr Equity Shares

Sanstar Ltd announced the outcome of its Board Meeting held on June 24, 2026. The board approved the preferential allotment of 1,80,24,157 equity shares at an issue price of ₹110 per share to Corn Products Development Inc. This allotment increases the company's issued and paid-up share capital from ₹36.44 Cr to ₹40.05 Cr. Additionally, the board approved the appointment of Mr. Jacques Georges Florent Guglielmi as an Additional (Non-Executive Nominee Director) nominated by the investor, and Mr. Niraj Yogeshbhai Shah as an Additional Director (Non-Executive Independent Director) for a three-year term, subject to shareholder approval. The meeting commenced at 10:00 AM and concluded at 10:30 AM.