Sterling Tools Limited has informed the Exchange regarding Proceedings of 46th Annual General Meeting of the Company
STERTOOLS · price
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Sterling Tools Limited held its 46th AGM on 25th September 2025 via video conferencing, with 79 members in attendance. The Chairman announced that the company crossed the ₹1,000 crore revenue milestone for the first time, with consolidated total income of ₹1,038 crore in FY25, up 10.6% year-on-year. Adjusted EBITDA grew 13.8% to ₹132.4 crore with margins expanding to 12.8%, while Profit After Tax stood at ₹58.3 crore. The Board recommended a dividend of ₹2.5 per equity share for FY25. Six resolutions were put to e-voting, covering adoption of financial statements, dividend, director reappointments, and appointment of secretarial auditors — all with no adverse auditor remarks. The Chairman outlined a five-year vision to become a diversified automotive component powerhouse, with new EV-focused business verticals expected to contribute 50% of revenue by 2030.
Positive for shareholders: maiden ₹1,000 crore revenue crossing, healthy profit growth, and a confirmed dividend payout signal strong operational momentum. The aggressive EV diversification strategy via subsidiaries and global partnerships (UK, China) provides a long-term growth narrative, though e-voting results are awaited for full closure.