Please find attached herewith Outcome of the Board Meeting held today i.e. 28th May, 2026 for approving the fund raising by way of preferential issue, subject to approval of shareholders.

Sanstar Ltd's board has approved raising ₹198.26 crore from Corn Products Development Inc., a US-based wholly-owned subsidiary of NYSE-listed Ingredion Incorporated, through a preferential issue of 1.80 crore equity shares at ₹110 per share. This represents 9% of the post-issue share capital on a fully diluted basis. The issue price is marginally above the SEBI-mandated floor price of ₹109 per share. The board also approved increasing authorized share capital from ₹38 crore to ₹50 crore, granting minority protection rights (including board nomination and pre-emptive rights) to the investor with a 10-year lock-in, and adopting amended articles of association. Additionally, Sanstar will acquire a 30% stake in a new joint venture, Spark Ingredients Private Limited, for ₹15 lakh to enter specialty pharmaceutical ingredients. An EGM is scheduled for June 20, 2026 to seek shareholder approvals.