Sterling Powergensys Limited has received regulatory disclosures from promoter group member Pradeep Gorakhchand Sanghvi regarding the sale of equity shares in the company. The transaction, conducted through open market operations on March 23, 2026, represents a routine promoter disclosure under SEBI regulations.

Transaction Details

The disclosure filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, provides comprehensive details of the share sale transaction:

Shareholding Changes

The transaction resulted in a reduction of Sanghvi's stake in Sterling Powergensys Limited. The following table illustrates the changes in his shareholding pattern:

Regulatory Compliance

The disclosure demonstrates adherence to SEBI's transparency requirements for promoter transactions. Pradeep Gorakhchand Sanghvi, based in Mumbai at B-5, Arvind Kunj, 2nd Floor, 77, Tardeo Road, filed the mandatory Form C disclosure with BSE Limited's Corporate Relationship Department on March 23, 2026. The company's Managing Director Sankaran Venkata Subramanian digitally signed the intimation letter on March 24, 2026.

Company Share Capital Structure

Sterling Powergensys Limited's equity share capital structure remained unchanged following this transaction. The company maintains a total equity share capital of 52,62,632 equity shares of Rs. 10.00 each. The promoter's sale represents a minor adjustment in the shareholding pattern without affecting the overall capital structure of the company.

The transaction reflects routine portfolio management activities by the promoter group member, with all regulatory formalities completed in accordance with applicable SEBI guidelines for substantial acquisition and takeover regulations.

Sterling powergensys Limited has successfully concluded its Board of Directors meeting held on March 14, 2026, approving the re-appointment of Mr. Sankaran Venkata Subramanian as Managing Director. The meeting took place at the company's registered office in Mumbai, addressing the primary agenda item with Board approval.

Board Meeting Outcome

The Board meeting commenced at 03:00 P.M. and concluded at 03:40 P.M. on March 14, 2026, at the company's registered office located at Office No. 816, 8th Floor, Rajhans Helix 3, L B S Marg, Ghatkopar West, Mumbai. The company issued the outcome notice pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Re-appointment Details

Based on recommendations from the Nomination and Remuneration Committee, the Board approved Mr. Sankaran Venkata Subramanian's re-appointment as Managing Director for a further period of 5 years. The re-appointment is effective from April 01, 2026, to March 31, 2031, maintaining the same terms and conditions including remuneration as previously approved.

Managing Director Profile

Mr. Sankaran Venkata Subramanian brings extensive expertise in industrial boilers and incinerators to his role. A Science Graduate, he previously worked with Thermax Limited, Mumbai, where he gained valuable industry experience. The Board confirmed that he is not debarred from holding the office of Director by SEBI or any other authority and is not related to any other Director of the Company.

Regulatory Compliance

The company provided detailed disclosures required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 to the Bombay Stock Exchange, ensuring full compliance with listing requirements. The notice was digitally signed by Mr. Sankaran Venkata Subramanian on March 14, 2026, at 15:42:11 +05'30'. The appointment is in accordance with the provisions of the Companies Act, 2013.

Company Information

Sterling Powergensys Limited, formerly known as Sterling Strips Limited, operates under C.I.N. L29213MH1984PLC034343. The company is listed on the Bombay Stock Exchange and maintains its registered office at Rajhans Helix 3 in Ghatkopar West, Mumbai. The company can be contacted through multiple email addresses and operates the website www.splsolar.in .