Sterling Tools Limited has informed the Exchange regarding Board meeting held on August 07, 2025.
STERTOOLS · price
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Sterling Tools Limited's Board approved the unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). Standalone revenue from operations was Rs. 161.11 crore with profit after tax of Rs. 11.05 crore (EPS Rs. 3.05). Consolidated revenue was Rs. 192.08 crore with PAT of Rs. 8.99 crore (EPS Rs. 2.48). The Board also approved a Rs. 20 crore equity investment in wholly owned subsidiary Sterling Tech-Mobility Limited to support expansion into new automotive product lines. Other decisions included re-appointment of Cost Auditors, appointment of Secretarial Auditors (M/s Dhananjay Shukla & Associates for FY26-FY30), appointment of Ms. Komal Malik as Company Secretary, and re-appointment of Mr. Rakesh Batra as Independent Director for a second 5-year term. The 46th AGM is scheduled for September 13, 2025, with record date of September 6, 2025.
Q1 FY26 results show stable standalone performance but a notable decline in consolidated revenue and profit compared to Q1 FY25, partly explained by the merger of Haryana Ispat Private Limited with the company. The Rs. 20 crore investment in the subsidiary signals management's commitment to expanding into new automotive segments, which could drive future growth but will use internal cash.