Announced Sat, 20 Jun · 15:26 IST

Sanstar EGM: 5 Resolutions Passed Including Preferential Allotment

Board & Shareholder Meetings View source PDF

SANSTAR · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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₹117.00

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₹116.07

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AI summary

Sanstar Limited held an EGM on June 20, 2026, where all 5 resolutions passed with 99.99% approval. Key items approved: increase in authorised share capital and MOA capital clause change, preferential allotment of equity shares to non-promoters, special rights for proposed allottee Corn Products Development Inc. under SEBI LODR Regulation 31B, amended Articles of Association, and amendment to Object Clause of MOA. Promoter group voted all 12.85 crore shares in favor. Cut-off date was June 15, 2026 with 75,119 shareholders eligible.

Likely market impact

Approval paves way for preferential issue and capital expansion; signals possible equity dilution and entry of Corn Products Development Inc. as a strategic investor.