
AGM/EGM20 Jun 2026, 04:00 pm
Sanstar Ltd Holds EGM for Securities Issue
AI Summary
Sanstar Limited held an Extra-Ordinary General Meeting (EGM) on June 20, 2026, via Video Conferencing to discuss the issue of securities. The meeting commenced at 11:15 AM and concluded at 11:26 AM. Key attendees included directors, the CFO, and the Company Secretary. The primary agenda item discussed was the proposed preferential issue of 1,80,24,157 equity shares to Corn Products Development Inc., an Ingredion group company. This issue is intended to raise capital for expansion of manufacturing capacities and business operations, addressing increasing working capital requirements. The voting results of the EGM will be disseminated separately.
Key Highlights
- EGM held on June 20, 2026, via VC/OAVM.
- Discussed preferential issue of 1.8 crore equity shares.
- Issue to Corn Products Development Inc. (Ingredion group).
- Funds for manufacturing capacity and business expansion.
- Voting results to be declared separately.
Price Impact
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