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




























