Sanstar Limited Corrects Promoter Trading Disclosure - Market Purchase Not Off-Market

1 min read     Updated on 09 Mar 2026, 05:04 PM
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Reviewed by
Naman SScanX News Team
Overview

Sanstar Limited filed revised regulatory disclosures to correct an inadvertent error regarding promoter group share transactions. The company clarified that acquisitions by Sambhav Starch Products Private Limited (36,000 shares) and Richa Sambhav Chowdhary (50,000 shares) were market purchases, not off-market transactions as previously reported, with all other transaction details remaining unchanged.

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*this image is generated using AI for illustrative purposes only.

Sanstar Limited has submitted a revised disclosure under SEBI (Prohibition of Insider Trading) Regulations, 2015, correcting a clerical error in its earlier filing regarding promoter group share acquisitions. The company clarified that the transactions were market purchases, not off-market transactions as previously reported.

Correction Details

On March 11, 2026, Sanstar Limited filed revised Form B disclosures with BSE and NSE to correct an inadvertent error in its March 9, 2026 submission. The original disclosure incorrectly stated that the equity share acquisitions by promoter group entities were executed as off-market transactions, when they were actually market purchases.

Parameter: Details
Original Filing Date: March 9, 2026
Correction Filing Date: March 11, 2026
Error Type: Transaction mode misclassification
Corrected Mode: Market Purchase
Request Date: March 10, 2026

Transaction Summary

The corrected disclosure maintains all other transaction details from the original filing, with only the acquisition mode being rectified. Both promoter group entities executed their share purchases through market transactions on BSE and NSE platforms on March 5, 2026.

Entity: Shares Acquired Pre-Transaction Holding Post-Transaction Holding Shareholding Change
Sambhav Starch Products Private Limited: 36,000 1,05,46,250 shares (5.79%) 1,05,82,250 shares (5.81%) +0.02%
Richa Sambhav Chowdhary: 50,000 75,65,000 shares (4.15%) 76,15,000 shares (4.18%) +0.03%

Regulatory Compliance

Company Secretary and Compliance Officer Fagun Harsh Shah submitted the revised disclosures following a March 10, 2026 letter from the promoter group requesting correction of the error. The company emphasized that this revision should not be construed as non-compliance, as it addresses only an inadvertent clerical mistake in the original submission.

The corrected Form B filings properly reflect the market purchase nature of the transactions, ensuring accurate regulatory records with both BSE (Scrip Code: 544217) and NSE (Symbol: SANSTAR). All other aspects of the original disclosure, including transaction dates, share quantities, and shareholding percentages, remain unchanged.

Multiple Listed Companies Announce Q3FY26 Financial Results for Quarter Ended December 31, 2025

3 min read     Updated on 14 Feb 2026, 09:11 PM
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Reviewed by
Shriram SScanX News Team
Overview

Several publicly listed companies across diverse sectors announced their unaudited financial results for Q3FY26 ended December 31, 2025. Notable performers include Sanstar Limited with revenue of ₹201.76 crore and net profit of ₹13.67 crore, Navi Finserv Limited reporting strong growth with revenue of ₹6,540.38 million, and manufacturing companies like Frontier Springs Limited and PPAP Automotive Limited also completing their quarterly reporting under regulatory compliance.

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Multiple publicly listed companies have announced their unaudited financial results for the third quarter and nine months ended December 31, 2025, marking the completion of Q3FY26 reporting season. The results were approved by respective boards of directors and filed under Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Financial Highlights

Among the major companies reporting, Sanstar Limited demonstrated strong performance with total revenue from operations reaching ₹201.76 crore for Q3FY26, compared to ₹221.42 crore in the corresponding quarter of the previous year. The company reported net profit after tax of ₹13.67 crore for the quarter, with earnings per share of ₹0.75.

Metric Q3FY26 Q3FY25 Nine Months FY26 Nine Months FY25
Revenue from Operations ₹201.76 crore ₹221.42 crore ₹567.85 crore ₹730.53 crore
Net Profit After Tax ₹13.67 crore ₹14.26 crore ₹13.96 crore ₹33.28 crore
Earnings Per Share ₹0.75 ₹0.78 ₹0.77 ₹2.31

Navi Finserv Limited reported robust quarterly performance with total revenue from operations of ₹6,540.38 million for Q3FY26, representing growth from ₹5,739.69 million in the corresponding quarter of the previous year. The company's net profit after tax stood at ₹755.92 million, with basic earnings per share of ₹2.63.

Automotive Sector Performance

PPAP Automotive Limited released its consolidated financial results, showing revenue from operations of ₹13,888.33 lakhs for the quarter ended December 31, 2025. The company reported net profit after tax of ₹6.61 lakhs for the quarter, with basic earnings per share of ₹0.05.

Financial Parameter Q3FY26 Nine Months FY26 FY25
Revenue from Operations ₹13,888.33 lakhs ₹39,247.00 lakhs ₹55,400.55 lakhs
Net Profit After Tax ₹6.61 lakhs (₹225.08 lakhs) ₹699.71 lakhs
Basic EPS ₹0.05 (₹1.59) ₹4.97

Manufacturing Sector Results

Frontier Springs Limited, a leading manufacturer of coil springs, forgings and air springs to Indian Railways, announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The company's registered office is located at KM 25/4 Kalpi Road Rania Kanpur-Dohat.

Company Details Information
Business Focus Coil Springs, Forgings and Air Springs
Primary Customer Indian Railways
CIN L17115UP1981PLC005812
Location Kanpur-Dohat

E-commerce and Technology Sector

Brainbees Solutions Limited, operating in the e-commerce sector, reported consolidated revenue from operations of ₹24,236.31 million for Q3FY26, compared to ₹21,723.09 million in the corresponding quarter of the previous year. However, the company recorded a loss for the period of ₹384.04 million.

Other Notable Results

Several other companies also announced their quarterly results during this period. Wagholi Estates Private Limited, ACI Infocom Limited, and Ravinder Heights Limited released their unaudited financial results for the quarter and nine months ended December 31, 2025. Pharmaids Pharmaceuticals Limited and Nagpur Power and Industries Limited also completed their quarterly reporting.

Regulatory Compliance and Board Approvals

All companies ensured compliance with regulatory requirements by having their results reviewed by respective audit committees and approved by boards of directors. The meetings were held between February 12-15, 2026, with results being made available on stock exchange websites and company portals. The financial results have been prepared in accordance with Indian Accounting Standards and subjected to limited review by statutory auditors where applicable.

The comprehensive reporting by multiple companies across various sectors provides investors and stakeholders with insights into corporate performance during the third quarter of FY26, reflecting diverse business conditions across different industries.

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