Sterling Tools Limited has informed the Exchange regarding Appointment of Mr Anish Agarwal as Chief Financial Officer of the company w.e.f. May 15, 2026.
STERTOOLS · price
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The Board of Directors of Sterling Tools Limited has approved the appointment of Mr. Anish Agarwal as Chief Financial Officer (CFO) and Whole-time Key Managerial Personnel (KMP) effective 15th May 2026. Concurrently, he has also been appointed as Whole-Time Director for a term of 5 years with proposed remuneration of Rs 1 crore per annum for 3 years from July 2026, subject to shareholder approval. The board meeting also approved the audited standalone financial results for FY2026 with net profit of Rs 2,385.05 lakhs and consolidated net profit of Rs 2,932.84 lakhs. The auditors Walker Chandiok & Co LLP issued an unmodified opinion. The board recommended a final dividend of Rs 2.75 per share (137.50%), up from Rs 2.5 last year. Additionally, the company approved investment of up to Rs 20 crore in its wholly-owned subsidiary Sterling E-Mobility Solutions Limited.
The appointment of a new CFO and Whole-time Director, combined with strong FY2026 results and an increased dividend payout, signals stable management continuity and healthy financial performance for shareholders.