Sanstar Limited Announces Q2 Results and Key Board Appointments

Sanstar Limited Announces Q2 Results and Key Board Appointments​

Sanstar Limited has reported its unaudited standalone and consolidated financial results for the quarter ending June 30, 2026. The company also confirmed several significant governance updates, including the re-appointment of key executives and changes in the board structure.

The company's operations are currently segmented into "Manufacturing and trading of commodities." The unaudited standalone results for the quarter saw Total Income reach Rs. 208.93 crore against Total Expenses of Rs. 196.38 crore, resulting in a Net Profit for the period of Rs. 9.21 crore. For the full year ended March 31, 2026, the audited standalone figures showed a Total Income of Rs. 796.41 crore and a Net Profit of Rs. 34.45 crore.

The unaudited consolidated results reflected these same financial outcomes for the quarter ending June 30, 2026.

Financial Performance Summary (Rs. in Crore)​

Board and Director Updates​

The company announced several key appointments and changes in its directorial composition during the Board meeting held on August 13, 2026.

Executive Reappointments:
The Board approved the re-appointment of three directors for a term of five years, subject to shareholder approval at the upcoming Annual General Meeting:

• Mr. Gouthamchand Sohanlal Chowdhary was reappointed as Managing Director.
• Mr. Sambhav Gautam Chowdhary was reappointed as Joint Managing Director.
• Mr. Shreyans Gautam Chowdhury was reappointed as Joint Managing Director.

Director Appointments:
The company also approved the regularization and appointment of new members to its board:

• Mr. Jacques Georges Florent Guglielmi was appointed as a Nominee Director, effective immediately on June 24, 2026.
• Mr. Niraj Yogeshbhai Shah was appointed as an Independent Director.

Retirement of Director:
The Board determined and approved Mr. Shreyans Gautam Chowdhary to be the Director liable to retire by rotation at the ensuing Annual General Meeting.

Annual General Meeting (AGM) Details​

Sanstar Limited announced details for its 44th Annual General Meeting (AGM), which is scheduled to be held on Wednesday, September 23, 2026, at 11:30 a.m. (IST). The AGM will be conducted via Video Conferencing/Other Audio-Visual Means.

The company informed the public that the Register of Members and share transfer books would remain closed from Thursday, September 17, 2026, to Wednesday, September 23, 2026.

AGM Logistics:

• Scrutinizer: Mr. Keyur Shah of M/s. Keyur Shah & Associates was appointed as the Scrutinizer for remote e-voting.
• E-Voting Agency: National Securities Depository Limited (NSDL) was approved as the authorized agency to provide the remote e-voting facility.

Financial Highlights from Notes​

The company noted that during the quarter ended June 30, 2026:

• It invested Rs. 0.15 crore in Spark Ingredients Private Limited (Associate), acquiring 1,50,000 equity shares representing a 30% shareholding.
• A Preferential Issue of 1,80,24,157 equity shares was completed on a Private Placement basis to Corn Products Development Inc., aggregating to Rs. 198.27 crore.

The company also noted the financial impact of the Labour Codes, which resulted in an increase in gratuity liability arising out of past service cost by Rs. 0.67 crore, presented under "Employee benefits expense" for the quarter and year ended March 31, 2026.

SANSTAR Stock Price Movement​

Sanstar Limited shares slipped today, shedding 1.38% and closing at ₹111.34. The stock saw a traded volume of 441,691 shares during the session.