SANSTAR

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- 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.

- 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/-.

- 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.

- 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 - It confirmed no undisclosed Unpublished Price Sensitive Information (UPSI) and reiterated compliance with SEBI regulations.

- 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.

- 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.

- 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.

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- 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.

- 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.

- 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.

- 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.

- 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.

- 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%.