NSEUpdates4d ago · 5 Nov 2026, 08:30 pm

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Sanstar Limited · SANSTAR

✦ AI SummaryRegulatory

Sanstar Limited has informed the Exchange regarding a delay in filing voting results within the prescribed timeline under SEBI Listing Regulations. The company has remitted the fine of ₹23,600 and has directed management to strengthen internal processes to ensure timely compliance with regulatory requirements.

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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk1/10
Liquidity Impact6/10
Market Sentiment5/10

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Full Announcement

Sanstar Limited has informed the Exchange regarding 'Intimation of comments of the Board of Directors with respect to delay infiling of the voting results within the period provided under this regulation 44(3) of SEBI ListingRegulations'.

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SANSTAR_05112026202946_30092026-Comments_on_fine_signed.pdf

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i'l" Sanstar Regd. & Corp. Office : “Sanstar House” Nr. Parimal Under Bridge, Opp. Suvidha Shopping Centre, Paldi, Ahmedabad - 380007. Gujarat (India) Phone : +91 79-26651819 /20/ 21 CIN : L10621GJ1982PLC072555 E-Mail : sanstar@sanstar.in Website : www.sanstar.in Date: 05" November, 2026 To, To, BSE Limited, National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block, Dalal Strect, Bandra-Kurla Complex, Mumbai 400 001 Bandra (E), Mumbai - 400 051 Scrip Code: 544217 Symbol - SANSTAR Dear Sir / Ma'am, Subject: Clarification - Intimation of comments of the Board of Directors with respect to delay in filing of the voting results within the period provided under this regulation 44(3) of SEBI Listing Regulations We refer to the Exchange’s letter dated October 14, 2026, by which a fine of ¥11,800/- (310,000/- plus GST at 18%) has been levied on the Company under Regulation 44(3) of the SEBI Listing Regulations, the aggregate fine being ¥23,600/-. The fine relates to a delay of one day in submitting the voting results of the 44t Annual General Meeting of the Company in XBRL mode. The 44th Annual General Meeting was held on September 23, 2026. The voting results was required to be filed on September, 25, 2026. The voting results, along with the Scrutinizer’s Report, were submitted in PDF mode within the prescribed timeline. However, owing to technical issues which lead to non- receipt of OTP to login the portal, the XBRL submission could not be completed on the due date. It was completed on September 26, 2026. The delay was inadvertent and not on account of any lapse in intent The Company has remitted the fine on October 23, 2026. As mentioned under the said letter issued by the exchange was placed before the Board on November 05, 2026. The Board took note of the delay and directed management to strengthen the internal processes so that all disclosures, including XBRL submissions, are made within the prescribed timelines The Company is committed to ensuring timely compliance with all applicable regulatory requirements and to making all filings within the prescribed timelines going forward. Kindly take the same on record and oblige. /4> For, Sanstar Limited ) Mr. Gouthamchand Sohanlal Chowdhary Managing Director DIN:00196397 Factory (1) : Gulabpura. Village : Karvand, Taluka : Shirpur, Dist. : Dhule — 425 405. Maharashtra (India) (2): “Sanstar Nagar" Sukhpar Road, Post Sukapar, Village Morgar, Taluka Bhachau. Dist. Kutch-370 020. Gujarat (India) O NSE National Stock Exchange of India MNiflySO NSE/LIST-SOP/FINES/1154 October 14, 2026 The Company Secretary Sanstar Limited Dear Sir/Madam, Subject: Notice for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") Your attention is drawn towards SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30, 2026 (hereinafter referred to as "Master Circular"), specifying Standard Operating Procedure for imposing fines and suspension of trading in case of non-compliance with the Listing Regulations. On verification of the Exchange records, it has been observed that your Company has not complied/delayed complied with certain Listing Regulation(s) for the month ended September 30, 2026. The details of non-compliance(s)/delayed compliance(s), total fine payable by your Company and the particulars about manner in which fine should be remitted to the Exchange is enclosed as Annexure. You are requested to inform the Promoters about identified non-compliance and to make the payment of fines within 15 days from the date of this notice, failing which the Exchange may initiate freezing of entire shareholding of the Promoters in the Company as well as in other securities held in the Demat accounts of the Promoters. Upon receipt of this review notice, the Company may file the waiver request. Below are the parameters for filing the application for waiver: a) Waiver applications sent via mail is not considered. The Company is requested to submit waiver application on the below mentioned path: NEAPS>>Compliance>>Fine Waiver>>Waiver Request b) Detailed submission indicating reasons for waiver, mentioning whether it intends to seek personal hearing before the concerned Committee. c) Further, compliance is a pre-requisite for applying for waiver. Thus, waiver application of the non-complied Companies will not be processed without achieving the compliance. d) In case the Company is non-compliant under multiple regulations, the Company is advised to file a single application mentioning the details of all the respective regulations and quarters for which the Company intends to apply for waiver. e) Non-refundable Processing fees for an amount of Rs.10,000 plus 18% GST to be paid to the designated Exchange, (as segregated between the Exchanges as per the policy for waiver of fines) only if the fine amount is more than Rs. 5,000/- exclusive of GST. Regd. Office : National Stock Exchange of India Limited | Exchange Plaza, C-1, BlocGk, Bandra Kurla Complex, Bandra (E), Mumbai — 400 051, India +91 22 26598100 | www.nseindia.com | CIN U67120MH1992PLC069769 Q NSE contiuation National Stock Exchange Of India Limited However, before filing an application for waiver of fines, you are requested to refer to the below policy available on the Exchange’s website. For ready reference you may refer below link: Policy on processing of waiver application: https://nsearchives.nseindia.com//web/circular/2026- 01/Powailver_iof cfinyes F_inafll or 20260113193131.pdf Further, as per Master Circular, your Company is also required to ensure that the said non-compliance which has been identified by the Exchange and subsequent action taken by the Exchange in this regard shall be placed before the Board in the next Board Meeting and comments made by the Board shall be duly informed to the Exchange at the below mentioned path in NEAPS portal along with this letter for dissemination having the announcement text as 'Board comments on fine levied by the Exchange'. Path: NEAPS > COMPLIANCE > Announcements > Announcements/CA (Subject: Updates) In case of any clarification, you may send an email on listingsop@nse.co.in or contact any of the below mentioned Exchange Officers from Listing Compliance Department: - Ms. Duhita Dhure - Ms. Suman Lahoti - Ms. Chanchal Daga (Waiver request) - Ms. Neha Salvi (Waiver request) Yours faithfully, For National Stock Exchange of India Limited Sonam Yadav Manager Regd. Office : National Stock Exchange of India Limited | Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai— 400 051, India +91 22 26598100 | www.nseindia.com | CIN U67120MH1992PLC069769 Q NSE Contiruation National Stock Exchange Of India Limited Annexure . Fine amount per day/ No. of day(s) /No. of | Fine amount Regulation Month instance (Rs.) Instance(s) Rs.) REGULATION 30-Sep- 40) 2026 10000 1 10000 Total Fine 10000 GST @18% 1800 Total Fine Payable (Inclusive of GST) 11800 Notes: o If the fine amount is paid before receipt of this letter, then inform the Exchange accordingly. « Please update the payment details on below mentioned path: NEAPS > Payment > SOP Fine Payment. « The above payment may be made vide RTGS/NEFT/Net Banking favouring 'National Stock Exchange of India Limited'. The bank details towards the payment of fine are as follows: I]?]IzN]\gICIARY NATIONAL STOCK EXCHANGE OF INDIA LIMITED BANK NAME IDBIBANK LTD Please refer Unique Account Code used for making Annual Listing A/CNO. fees to the Exchange BRANCH BANDRA KURLA COMPLEX, MUMBAI RTGS/IFSC CODE IBKI1.0001000 « The fine paid as mentioned above will be credited to IPFT as envisaged in the circular. Regd. Office : National Stock Exchange of India Limited | Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai— 400 051, India +91 22 26598100 | www.nseindia.com | CIN U67120MH1992PLC069769 Dear Sir/Madam, Sub: Fines a [Showing first 8,000 characters — download PDF for full document]