SANSTAR
Sanstar Limited
NSELast Traded Price
₹108.85
-0.4 (-0.37%)
Open
₹109
High
₹110.69
Low
₹107.91
Prev Close
₹109.25
Industry
Other Agricultural Products
Market Cap
2179.92 Cr
Filing History
Recent corporate announcements and filings for SANSTAR
Financials
Positive
2026-08-18 19:23
- Q1 FY27 Consolidated Revenue Rs. 2,062 Mn vs Rs. 1,697 Mn (▲21.5% YoY)
- EBITDA Rs. 154 Mn vs Rs. (9) Mn (significant turnaround from loss to profit YoY)
- PAT Rs. 92 Mn vs Rs. (3) Mn (significant turnaround from loss to profit YoY)
- EBITDA Margin 7.5% vs (0.5)% (▲800 bps)
- Commissioned expanded native starch manufacturing capacity at Dhule, increasing total capacity from 1,100 TPD to 2,350 TPD.
- Completed preferential allotment with Corn Products Development Inc. (subsidiary of Ingredion), raising approximately Rs. 1,983 Million.
- Commissioned a 3 MW solar power plant at Kutch, expected to save approx Rs. 3 crore annually in power costs.
Financials
Positive
2026-08-18 19:17
- Q1 FY27 Consolidated Revenue ₹2,062 Million vs ₹1,697 Million (▲21.5% YoY)
- EBITDA ₹154 Million vs ₹(9) Million (Turnaround from loss)
- PAT ₹92 Million vs ₹(3) Million (Turnaround from loss)
- EBITDA Margin 7.5% vs (0.5)% (▲800bps)
- Export revenue increased 24.5% YoY to ₹723 Million.
- Completed strategic investment by Ingredion Inc. acquiring 9.0% equity stake for ₹198.27 Crore.
- Commissioned expanded native starch manufacturing capacity at Dhule (total 2,350 TPD) and a 3 MW solar power plant at Kutch.
Financials
Positive
2026-08-13 20:18
- Q1 FY27 Consolidated Revenue ₹206.16Cr vs ₹169.66Cr (▲21.51% YoY)
- EBITDA ₹15.38Cr vs ₹(0.93)Cr (Turnaround from loss YoY)
- PAT ₹9.21Cr vs ₹(0.33)Cr (Turnaround from loss YoY)
- EBITDA Margin 7.46% vs -0.55% (▲801bps)
Financials
Positive
2026-08-13 20:11
- Q1 FY27 Consolidated Revenue ₹206.16Cr vs ₹169.66Cr (▲21.51% YoY)
- EBITDA ₹15.38Cr vs ₹(0.93)Cr (Turnaround from loss to profit)
- PAT ₹9.21Cr vs ₹(0.33)Cr (Turnaround from loss to profit)
- EBITDA Margin 7.46% vs (0.55)% (▲801bps)
Business Update
Positive
2026-08-12 18:37
- Sanstar Limited commissioned a 3 MW solar power plant at its Kutch facility for captive consumption.
- The plant, an investment of approximately ₹7.5 Cr, is expected to generate annual power cost savings of around ₹3 Cr and meet about 40% of the Kutch facility's electricity requirement.
Routine
Neutral
2026-07-21 15:28
- Submission of Structured Digital Database (SDD) Compliance Certificate for the first quarter ended June 30, 2026.
- Confirms compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.
- Mentions 8 UPSI events were captured, disclosed, and consummated during the quarter, including allotment of equity shares.
Routine
Neutral
2026-07-09 19:42
New Filing detected. See link for details.
Business Update
Positive
2026-07-02 19:03
- Sanstar Limited received listing approval from BSE and NSE for 1,80,24,157 equity shares.
- The shares were issued on a preferential basis at ₹110 per share (₹2 face value + ₹108 premium).
- Allotment was made to Corn Products Development Inc., a non-promoter.
Ownership
Positive
2026-06-29 19:45
- Corn Products Development Inc. (Acquirer) acquired 1,80,24,157 Equity Shares, representing 9.00% of Sanstar Limited's expanded and fully diluted share capital via Preferential Allotment.
- The acquisition was made on June 24, 2026, at an issue price of ₹110/- per equity share, aggregating to ₹1,98,26,57,270/-.
Routine
Neutral
2026-06-25 18:31
- Trading window will close from July 01, 2026, for Designated Persons and their immediate relatives.
- The closure is ahead of the declaration of Unaudited Financial Results for the quarter ending June 30, 2026.
- It will remain closed up to 48 hours after the results declaration.
- The Board Meeting date for results approval will be intimated in due course.
Business Update
Neutral
2026-06-25 13:43
- Sanstar Limited responded to NSE's query on share price/volume movement dated June 25, 2026.
- The company attributes movement potentially to a disclosed preferential issue of shares.
- It confirmed no undisclosed Unpublished Price Sensitive Information (UPSI) and reiterated compliance with SEBI regulations.
Ownership
Positive
2026-06-24 10:47
- Board approved preferential allotment of 1,80,24,157 equity shares at ₹110 each (totaling ₹198.27 Cr) to Corn Products Development Inc.
- This investor will hold 9.00% post-allotment.
- Mr. Jacques Georges Florent Guglielmi appointed as Nominee Director.
- Mr. Niraj Yogeshbhai Shah appointed as Independent Director.
Governance
Positive
2026-06-24 10:45
- Board approved preferential allotment of 1,80,24,157 Equity Shares at ₹110 each (totaling ₹198.27 Cr) to Corn Products Development Inc.
- Post-allotment, the company's paid-up share capital increased from ₹36.45 Cr to ₹40.05 Cr.
- Mr. Jacques Georges Florent Guglielmi was appointed as an Additional (Nominee) Director.
- Mr. Niraj Yogeshbhai Shah was appointed as an Additional (Independent) Director for three years.
Governance
Positive
2026-06-24 10:42
- The Board approved the allotment of 1,80,24,157 equity shares at ₹110 each (totaling ₹198.26 Cr) to Corn Products Development Inc., resulting in 9.00% post-allotment shareholding for the investor.
- Also approved were the appointments of Mr. Jacques Georges Florent Guglielmi as a Nominee Director and Mr. Niraj Yogeshbhai Shah as an Independent Director, both effective June 24, 2026.
Routine
Neutral
2026-06-20 16:33
New Filing detected. See link for details.
Governance
Positive
2026-06-20 15:53
- An Extra-Ordinary General Meeting (EGM) of Sanstar Limited was held on Saturday, June 20, 2026.
- The EGM approved a preferential issue of 1,80,24,157 equity shares for approximately ₹198.27 Crores to Corn Products Development Inc., an Ingredion group company.
- This investment will result in the investor holding about 9% of the post-issue share capital and will be utilized for working capital and general corporate purposes.
- The strategic association is expected to strengthen the Company's growth prospects and create long-term value.
- Other resolutions passed include an increase in authorized share capital, granting special rights to the proposed allottee, and amendments to the Articles of Association and Memorandum of Association.
- All five resolutions proposed in the EGM were passed with the requisite majority.
Governance
Positive
2026-06-20 15:28
- An EGM was held on June 20, 2026.
- All five proposed resolutions were passed by requisite majority.
- Resolutions included increasing authorized share capital, approving preferential equity share issue to a non-promoter, granting special rights to "Corn Products Development Inc.", and amending Articles & Memorandum of Association.
Governance
Positive
2026-06-20 12:28
- EGM held on June 20, 2026, approved a preferential issue of ~1.8 Cr equity shares for ~₹198.26 Cr to Corn Products Development Inc. to strengthen growth and fund working capital. The EGM also approved resolutions for capital increase, special allottee rights, and amendments to AOA/MOA.
Ownership
Positive
2026-06-16 16:30
- In-principle approval obtained from BSE and NSE for the preferential issue of 1,80,24,157 equity shares.
- The shares will be issued at ₹110 per share (face value ₹2, premium ₹108) to Corn Products Development Inc., a Non-promoter.
Business Update
Neutral
2026-06-12 17:04
- Sanstar Limited provided clarifications to NSE regarding the proposed preferential issue of Equity Shares for an EGM scheduled on June 20, 2026.
- The company clarified that its Articles of Association require a valuation report for the preferential issue's floor price, and they have obtained it.
- Interim deployment of issue proceeds will be in bank deposits/money market funds until fully utilized.
Governance
Positive
2026-06-08 19:21
- Corrigendum issued to EGM Notice (May 29, 2026) for EGM on June 20, 2026.
- Rectifications directed by BSE/NSE for proposed preferential issue details.
- Updates include revised shareholding pattern and special rights for proposed allottee (e.g., director nomination, pre-emptive rights).
- Post-issue, promoter shareholding shifts from 70.53% to 64.18%.