Sanstar Ltd Clarifies EGM Notice on Preferential Issue

Sanstar Ltd has issued clarifications regarding its Extra-Ordinary General Meeting (EGM) notice, scheduled for June 20, 2026. These clarifications address observations from the National Stock Exchange (NSE) concerning a proposed preferential issue of equity shares. Key clarifications include the valuation methodology for the preferential issue, confirming that the Articles of Association require a valuation report, and the interim deployment of issue proceeds, which will be kept in bank deposits or money market mutual funds pending full utilization. The company has amended specific statements in the EGM notice and its corrigendum to reflect these points accurately.