The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Anil Aggarwal
STERTOOLS · price
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Anil Aggarwal, Chairman and Whole Time Director of Sterling Tools, disclosed the disposal of 10,00,000 equity shares (2.75% of paid-up capital) on 5th June 2026 through an off-market inter-se transfer by way of gift between immediate relatives within the Promoter and Promoter Group. His individual shareholding reduced from 61,10,583 shares (16.81%) to 51,10,583 shares (14.06%). Importantly, the total Promoter and Promoter Group shareholding in the company remains unchanged before and after the transfer, as the shares were merely reallocated within the family. The company has a paid-up capital of Rs. 7.27 crore comprising 3.63 crore equity shares of Rs. 2 each.
This is a benign internal reshuffle of shares within the promoter family (a gift) and not an open-market sale, so it should not materially impact the stock price or dilute overall promoter control. Existing shareholders can take comfort that the combined promoter group stake is unchanged and that no promoter is exiting the company.