Sanstar Limited
We are one of the major manufacturers of plant based speciality products and ingredient solutions in India for food, animal nutrition and other industrial applications, with an installed capacity of 1,100 metric tons per day.
What Sanstar files
- Others63
- Important13
- Updates12
- Board Meeting8
- QIP/Rights/Pref.2
- Credit Ratings2
Corn Products Development Inc. acquired a 9.00% stake in Sanstar Limited through a preferential allotment of 1,80,24,157 equity shares. The transaction, valued at ₹198.27 Cr (₹110/share), increased Sanstar's equity capital to ₹40.05 Cr, up from ₹36.45 Cr.
Sanstar secured ₹198.27 Cr from Ingredion's subsidiary for a 9% stake and board representation. This strategic partnership includes a new JV, Spark Ingredients (Sanstar 30%), to diversify into specialty pharma and food ingredients, driving future growth.
Sanstar Limited filed its Annual Secretarial Compliance Report for the past financial year. The report indicates the company broadly complied with SEBI regulations, policies, and disclosure requirements. No significant non-compliance or regulatory actions were reported, affirming good corporate governance practices.
Sanstar reported Q2 revenue of Rs 196.4 Cr (+15.8% QoQ) and cash profit of Rs 3 Cr. Dhule expansion, adding 1,000 TPD capacity (total 2,100 TPD), is on track for commissioning by December. Native starch business faces pricing headwinds from Chinese exports, but improved utilization mitigated impact. The company repaid...
Sanstar has announced its 43rd Annual General Meeting (AGM) on September 10. For the AGM, the company's share transfer books will be closed from September 4 to September 10.