StockWatch
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Other Agricultural Products
AGM/EGM20 Jun 2026, 04:00 pm

Sanstar Ltd Holds EGM for Preferential Issue

AI Summary

Sanstar Limited held an Extra-Ordinary General Meeting (EGM) on June 20, 2026, via Video Conferencing to discuss a preferential issue. The meeting commenced at 11:15 AM and concluded at 11:26 AM. The proposed preferential issue involves 1,80,24,157 equity shares to Corn Products Development Inc, an Ingredion group company, for approximately ₹31,98,26,57,27. The company cited increasing working capital requirements due to manufacturing capacity expansion and business operations as the reason for the issue. Voting results will be disseminated separately.

Key Highlights

  • EGM held on June 20, 2026, via VC/OAVM.
  • Proposed preferential issue of 1.8 crore equity shares.
  • Issue to Ingredion group company, Corn Products Development Inc.
  • Funds for expansion and working capital needs.
  • Issue size approximately ₹319.8 crore.