Sanstar MD, chairman, board of directors and AGM

70,446 shareholders on the register on 16 Sep 2026; present: 13 promoters and 11 others; votes counted by Keyur J Shah / Keyur J Shah & Associates.The company's voting result (opens in a new tab)

1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended on March 31, 2026 including the Audited Balance Sheet as at March 31, 2026 and the Statement of Profit and Loss for the year ended on that date and the Reports of the Board of Directors and Auditors thereon.MoreLess

   Ordinary
   100.00% for0.00% against

   Against: promoters 0.00% · institutions 0.00% · other public 0.00%

   Turnout: all 73.30% · promoters 99.97% · institutions 95.80% · other public 0.48%

2. To Re- appoint a director in the place of Mr. Shreyans Gautam Chowdhary (DIN: 01759527), who retires by rotation and being eligible, offers himself for reappointment.

   Ordinary
   100.00% for0.00% against

   Against: promoters 0.00% · institutions 0.00% · other public 0.11%

   Turnout: all 73.28% · promoters 99.97% · institutions 95.80% · other public 0.41%

3. To re-appoint Mr. Gouthamchand Sohanlal Chowdhary (DIN: 00196397) as a Managing Director of the Company

   Ordinary
   100.00% for0.00% against

   Against: promoters 0.00% · institutions 0.00% · other public 0.58%

   Turnout: all 73.28% · promoters 99.97% · institutions 95.80% · other public 0.41%

4. To re-appoint Mr. Sambhav Gautam Chowdhary (DIN: 01370802) as a Joint Managing Director of the Company

   Ordinary
   100.00% for0.00% against

   Against: promoters 0.00% · institutions 0.00% · other public 0.36%

   Turnout: all 73.28% · promoters 99.97% · institutions 95.80% · other public 0.41%

5. To re-appoint Mr. Shreyans Gautam Chowdhary (DIN: 01759527) as a Joint Managing Director of the Company

   Ordinary
   100.00% for0.00% against

   Against: promoters 0.00% · institutions 0.00% · other public 0.36%

   Turnout: all 73.28% · promoters 99.97% · institutions 95.80% · other public 0.41%

6. To Approve the Appointment of Secretarial Auditor and fix their Remuneration

   Ordinary
   100.00% for0.00% against

   Against: promoters 0.00% · institutions 0.00% · other public 0.64%

   Turnout: all 73.28% · promoters 99.97% · institutions 95.80% · other public 0.41%

7. To consider and approve the regularisation of appointment of Mr. Jacques Georges Florent Guglielmi (DIN: 10603100) as a Nominee Director of the Company To consider and if thought fit, to pass, with or without modification(s), the following resolution as an Ordinary Resolution: RESOLVED THAT pursuant to the provisions of Sections 152, 161 and other applicable provisions, if any, of the Companies Act, 2013 (Act), read with the rules made thereunder (including any statutory modification(s) or re-enactment(s) thereof), and in accordance with the Articles of Association of the Company and the Shareholders Agreement dated 28th May, 2026, the appointment of Mr. Jacques Georges Florent Guglielmi (DIN: 10603100) as an Additional Director in the category of Nominee Director, representing Corn Products Development Inc., made by the Board of Directors with effect from 24th June, 2026, pursuant to Section 161(1) of the Act, be and is hereby ratified and approved, and Mr. Jacques Georges Florent Guglielmi be and is hereby appointed as a Nominee Director of the Company, not liable to retire by rotation, for a period of 5 (five) years, in accordance with the terms of the Shareholders Agreement. RESOLVED FURTHER THAT Mr. Jacques Georges Florent Guglielmi shall continue to hold office as a Nominee Director of the Company in accordance with the nomination right of Corn Products Development Inc. under the Shareholders Agreement dated 28th May, 2026 and subject to the applicable provisions of the Companies Act, 2013, the Articles of Association of the Company and other applicable laws. RESOLVED FURTHER THAT the Board of Directors of the Company and or the Company Secretary be and are hereby severally authorised to do all such acts, deeds, matters and things and to sign and file all such forms, returns, documents and applications with the Registrar of Companies, Ministry of Corporate Affairs and or any other statutory or regulatory authority as may be necessary, expedient or incidental to give effect to this resolution.MoreLess

   Ordinary
   100.00% for0.00% against

   Against: promoters 0.00% · institutions 0.00% · other public 0.38%

   Turnout: all 73.28% · promoters 99.97% · institutions 95.80% · other public 0.41%

8. Appointment of Mr. Niraj Yogeshbhai Shah (DIN: 06362791) as an Independent Director of the Company To consider and, if thought fit, to pass, with or without modification(s), the following resolution as a Ordinary Resolution: RESOLVED THAT pursuant to the provisions of Sections 149, 150, 152 and 161(1), read with Schedule IV and other applicable provisions, if any, of the Companies Act, 2013 (Act), read with the Companies (Appointment and Qualification of Directors) Rules, 2014, and applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR Regulations), as amended from time to time, Mr. Niraj Yogeshbhai Shah (DIN: 06362791), who was appointed as an Additional Director in the category of Independent Director on the Board of the Company with effect from June 24, 2026, pursuant to Section 161(1) of the Act, based on the recommendation of the Nomination and Remuneration Committee, and who has submitted the requisite declarations and confirmations regarding his eligibility and independence, be and is hereby appointed as an Independent Director of the Company, not liable to retire by rotation, for a term of three (3) consecutive years commencing from the date of this Annual General Meeting. RESOLVED FURTHER THAT pursuant to the provisions of Section 149(6) and other applicable provisions of the Act and Regulation 16(1)(b) and other applicable provisions of the SEBI LODR Regulations, Mr. Niraj Yogeshbhai Shah (DIN: 06362791) has confirmed that he meets the criteria of independence as prescribed under the Act and the SEBI LODR Regulations and that he is not debarred from holding the office of Director by virtue of any order of SEBI or any other statutory or regulatory authority, and the same be and is hereby noted. RESOLVED FURTHER THAT pursuant to Regulation 25(2A) of the SEBI LODR Regulations and other applicable provisions of law, the appointment of Mr. Niraj Yogeshbhai Shah (DIN: 06362791) as an Independent Director of the Company for a term of three (3) consecutive years commencing from the date of this Annual General Meeting, not liable to retire by rotation, be and is hereby approved by the Members of the Company. RESOLVED FURTHER THAT the Board of Directors of the Company and or the Company Secretary be and are hereby severally authorised to sign and execute all such documents and papers, including appointment letter and necessary forms, as may be required for the purpose and to file the necessary e-forms with the Registrar of Companies and to do all such acts, deeds and things as may be considered expedient and necessary in this regard.MoreLess

   Ordinary
   100.00% for0.00% against

   Against: promoters 0.00% · institutions 0.00% · other public 0.33%

   Turnout: all 73.28% · promoters 99.97% · institutions 95.80% · other public 0.41%

9. Approval of Remuneration payable to Mr. Gouthamchand Sohanlal Chowdhary, Chairman and Managing Director, Mr. Sambhav Gautam Chowdhary, Joint Managing Director, and Mr. Shreyans Gautam Chowdhary, Joint Managing Director, under Section 197 read with Schedule V of the Companies Act, 2013 and Regulation 17(6)(e) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 To consider and, if thought fit, to pass, with or without modification(s), the following resolution as a Special Resolution: RESOLVED THAT pursuant to the provisions of Sections 196, 197, 198 and other applicable provisions, if any, of the Companies Act, 2013 read with Schedule V thereto, Regulation 17(6)(e) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (including any statutory modification(s) or re-enactment(s) thereof for the time being in force), and subject to such other approvals as may be necessary, the consent of the Members of the Company be and is hereby accorded to the payment of remuneration to Mr. Gouthamchand Sohanlal Chowdhary (DIN: 00196397), Chairman and Managing Director, Mr. Sambhav Gautam Chowdhary (DIN: 01370802), Joint Managing Director, and Mr. Shreyans Gautam Chowdhary (DIN: 01759527), Joint Managing Director, aggregating Rs.5.40crore per annum, for the period from 01st April, 2026 to 31st March, 2027, on the terms set out in the Explanatory Statement annexed to this Notice, notwithstanding that such remuneration exceeds the limits specified in Section 197 read with Schedule V of the Companies Act, 2013 and or Regulation 17(6)(e) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. RESOLVED FURTHER THAT the approval accorded to the Executive Directors herein under Regulation 17(6)(e) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 shall be valid only until expiry of the respective terms of office of the aforesaid Directors. RESOLVED FURTHER THAT the Board of Directors of the Company (including any Committee thereof for the time being authorised in this behalf) be and is hereby authorised to alter and vary the terms and conditions of the aforesaid appointment(s) and or remuneration, including by reason of any change in the applicable law, provided that such remuneration does not exceed the limits referred to above, save and except where such variation is separately approved by the Members. RESOLVED FURTHER THAT the Board of Directors and the Company Secretary be and are hereby severally authorised to take all such steps and do all such acts, deeds and things as may be considered necessary, proper or expedient to give effect to this resolutionMoreLess

   SpecialPromoters have an interest in it
   100.00% for0.00% against

   Against: promoters 0.00% · institutions 0.00% · other public 0.68%

   Turnout: all 73.28% · promoters 99.97% · institutions 95.80% · other public 0.41%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.