Sterling Tools Limited has informed the Exchange regarding Appointment of Mr Anish Agarwal as Executive Director of the company w.e.f. May 15, 2026.
STERTOOLS · price
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Sterling Tools Limited's Board meeting on May 15, 2026 approved standalone and consolidated audited financial results for FY2026. Standalone revenue from operations was ₹71,672.27 lakh with net profit after tax of ₹5,802.95 lakh, with statutory auditors Walker Chandiok & Co LLP giving an unmodified opinion. The Board recommended a final dividend of ₹2.75 per share (137.50%), subject to shareholder approval. Mr. Anish Agarwal (DIN: 07056465) was appointed as CFO and Whole-Time Director for 5 years from May 15, 2026, with proposed remuneration of ₹1 crore per annum for 3 years starting July 2026. The Board also approved investment up to ₹20 crore in Sterling E-Mobility Solutions Limited, its wholly-owned subsidiary. Exceptional item of ₹949.64 lakh relates to enhanced compensation from DMRC for land acquired earlier.
Strong FY2026 performance with 10%+ revenue growth and healthy profit growth. Dividend increase and new CFO/Director appointment signal stability. Investment in e-mobility subsidiary indicates strategic expansion. No governance red flags identified.