Sanstar Ltd

Sanstar Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The trading window will be shut from July 1, 2026, and will reopen 48 hours after the declaration of the company's unaudited financial results for the quarter ending June 30, 2026. The specific date for the board meeting to approve these results will be communicated later. The company has also uploaded this intimation on its website.

Sanstar Ltd announced the allotment of 1,80,24,157 equity shares at an issue price of ₹110 per share on a preferential basis to Corn Products Development Inc. This allotment increases the company's issued and paid-up share capital from ₹36.44 Crores to ₹40.05 Crores. Additionally, the company approved the appointment of Mr. Jacques Georges Florent Guglielmi as an Additional Non-Executive Nominee Director and Mr. Niraj Yogeshbhai Shah as an Additional Non-Executive Independent Director. The board meeting was held on June 24, 2026.

Sanstar Ltd announced the allotment of 1,80,24,157 equity shares of face value ₹2 each at an issue price of ₹110 per share on a preferential basis to Corn Products Development Inc. This allotment increases the company's issued and paid-up share capital from ₹36.44 Crores to ₹40.05 Crores. The Board also 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 Non-Executive Independent Director for a three-year term, subject to shareholder approval. The equity shares allotted are subject to lock-in restrictions as per SEBI regulations.

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.

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.

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.

Sanstar Ltd has received in-principle approval from BSE Limited and National Stock Exchange of India Limited for the preferential issue of 1,80,24,157 equity shares. The shares will be issued at a price of Rs. 110 each (including a premium of Rs. 108) to Corn Products Development Inc., a non-promoter entity. This approval is a crucial step towards the fundraising exercise, subject to further regulatory compliances and listing requirements.

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.

Sanstar Ltd has issued a corrigendum to its Extraordinary General Meeting (EGM) notice, originally scheduled for June 20, 2026. This amendment is in response to directions from BSE and NSE following applications for in-principle approval for a preferential issue. The corrigendum clarifies changes related to the shareholding pattern before and after the preferential issue, as well as amendments to a special resolution concerning rights granted to a proposed allottee. The EGM will proceed via Video Conferencing / Other Audio Visual Means.

Sanstar Ltd has announced that an Extra-Ordinary General Meeting (EGM) is scheduled for Saturday, June 20, 2026, at 11:00 A.M. IST. The meeting will be conducted via Video Conferencing / Other Audio Visual Means. The agenda includes increasing the authorized share capital from ₹38,00,00,000 to ₹50,00,00,000 and altering the capital clause of the Memorandum of Association.