Key Quantitative Figures

  • Number of shares to be issued: 1,80,24,157 (One Crore Eighty Lakhs Twenty-Four Thousand One Hundred Fifty-Seven) equity shares
  • Face value per share: ₹2
  • Issue price per share: ₹110
  • Premium per share: ₹108
  • Total issue size: ₹198.27 crore (1,80,24,157 shares × ₹110)

Dates of Action

  • Application reference dates: BSE ref. no. dated June 15, 2026; NSE ref. no. NSE/LIST/55491 dated June 15, 2026
  • Approval dates: June 15, 2026 (from both exchanges)
  • Disclosure date: June 16, 2026

Parties Involved

  • Issuer: Sanstar Limited
  • Allottee: Corn Products Development Inc. (Non-promoter)
  • Regulatory authorities: BSE Limited, National Stock Exchange of India Limited, SEBI
  • Depositories: National Securities Depository Limited, Central Depository Services Limited (cc'd in NSE letter)
  • Company representatives: Fagun Harsh Shah, Company Secretary & Compliance Officer (ACS-62163)

Conditions and Compliance Requirements

  • The company must file listing application within 20 days from date of allotment as per SEBI circular dated June 21, 2023
  • Must obtain all statutory approvals from SEBI, RBI, MCA, etc.
  • Must comply with all applicable guidelines, regulations, and directions
  • Must strengthen internal controls to monitor trades by proposed allottees
  • Must obtain undertaking from allottee(s) confirming they will not do intra-day trading or any sale in the company scrip till allotment date
  • Responsibility for verification and compliance rests solely with the issuer company
  • Non-compliances may impact listing of such shares

Additional Information

  • The in-principle approval does not constitute final listing approval
  • Exchange reserves right to withdraw approval if information is found incomplete/incorrect/misleading/false
  • Company must pay applicable fees and submit required documents for listing application
  • Information has been placed on company's website at www.sanstar.in
  • BSE checklist available at: http://www.bseindia.com/static/about/downloads.aspx
  • NSE checklist available at: https://www.nseindia.com/companies-listing/raising-capital-further-issues-main-sme-checklist

Financial Impact

The preferential issue will result in capital infusion of ₹198.27 crore upon completion. The specific use of proceeds is not detailed in this disclosure.