Sanstar Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/05/2026 ,inter alia, to consider and approve Proposal for fund raising by way of ....
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Sanstar Ltd has scheduled a Board meeting on 28th May 2026 to consider and approve a proposal for fund raising through issuance of equity shares and/or other eligible securities. The company may pursue various modes including private placement, preferential issue, rights issue, qualified institutional placement (QIP), or other permissible methods under applicable laws and SEBI regulations. The proposal is subject to regulatory approvals and will require shareholder approval via postal ballot or extraordinary general meeting. The trading window for insiders has been closed from 25th May 2026 until 48 hours after the board outcome is declared.
This is a preliminary notice indicating potential dilution of equity. The specific amount, pricing, and purpose of the fund raise are not disclosed yet. Shareholders should monitor the outcome of the 28th May board meeting for concrete details on the fund-raising proposal.