Sterling Tools Limited has informed the Exchange that Record date for the purpose of Dividend is 06-Sep-2025.
STERTOOLS · price
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Sterling Tools' board approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). Standalone revenue from operations stood at about Rs. 161.11 crore versus Rs. 161.27 crore in Q1 FY25, with profit after tax at Rs. 11.05 crore (EPS of Rs. 3.05). The board fixed September 6, 2025 as the record date for the final dividend (subject to shareholder approval at the 46th AGM on September 13, 2025). The board also approved a Rs. 20 crore equity investment in wholly owned subsidiary Sterling Tech-Mobility Limited, to fund its new automotive product line and working capital — this is flagged as a related-party transaction done at arm's length. Comparative periods have been restated following the merger of Haryana Ispat Pvt. Ltd. (WOS) into Sterling Tools with effect from April 1, 2024, approved by NCLT on March 27, 2025.
For shareholders: investors holding shares as of September 6, 2025 will be eligible for the final dividend pending AGM approval. The Rs. 20 crore capital infusion into the subsidiary signals the company's push into new automotive product lines, while flat standalone Q1 numbers and restated comparables suggest steady but unspectacular near-term performance.