Sterling Tools Limited has informed the Exchange regarding Investment through Rights Issue in Sterling E-Mobility Solutions Limited (formerly known as Sterling Gtake E-Mobility Limited) , wholly owned subsidiary of the Company.
STERTOOLS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sterling Tools Limited held its Board Meeting on May 15, 2026, approving standalone audited financials for FY2026 with revenue of Rs 71,672.27 lakhs and profit after tax of Rs 2,385.05 lakhs. Consolidated revenue stood at Rs 82,780.78 lakhs with PAT of Rs 2,932.84 lakhs. The Board recommended a final dividend of Rs 2.75 per share (137.50%) for FY2025-26, subject to shareholder approval. Mr. Anish Agarwal was appointed as CFO and Whole-time Director. The Board approved investment up to Rs 20 crore in Sterling E-Mobility Solutions Limited (formerly Sterling Gtake E-Mobility Limited), a wholly owned subsidiary, through equity rights issue in one or more tranches. An exceptional item of Rs 949.64 lakhs was recognized from enhanced compensation received from DMRC for land acquired earlier.
Positive signals include strong standalone profit growth and maiden dividend declaration. The Rs 20 crore investment in the e-mobility subsidiary demonstrates continued commitment to EV-related business expansion, though it will dilute parent company cash flows.