Sterling Tools appoints Anish Agarwal as Whole Time Director

Sterling Tools Limited has appointed Anish Agarwal as Whole Time Director following the approval of shareholders through a postal ballot process. The special resolution, which also covers the payment of remuneration, was passed with the requisite majority on June 26, 2026. This appointment strengthens the company's leadership structure following the conclusion of the remote e-voting period.

The remote e-voting process was conducted by M/s. National Securities Depository Limited (NSDL). Santosh Kumar Pradhan, a Practicing Company Secretary, served as the Scrutinizer for the process. The voting results were submitted to the National Stock Exchange of India Limited and BSE Limited in compliance with Regulations 30 and 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting Results Summary

A total of 163 members participated in the remote e-voting process, representing 23,950,427 shares. The resolution received overwhelming support from the shareholders, with 99.98% of the votes cast in favour.

Particulars	Number of Votes	Number of Shares	Percentage of Shares
Total Received	163	23,950,427	100
Voted in favour	139	23,945,623	99.9799
Voted against	24	4,804	0.0201
Invalid Vote	NIL	NIL	N.A

Shareholder Category Breakdown

The voting patterns across different shareholder categories revealed that the Promoter and Promoter Group cast all their votes in favour of the resolution. Public shareholders also supported the appointment, with a small percentage voting against.

Category	Votes Polled	Votes in Favour	Votes Against	% in Favour
Promoter and Promoter Group	23,573,478	23,573,478	0	100.0000
Public - Institutions	31,749	31,749	0	100.0000
Public - Non-Institutions	345,200	340,396	4,804	98.6083
Total	23,950,427	23,945,623	4,804	99.9799

The record date for determining eligibility to vote was May 22, 2026. The detailed scrutinizer's report and voting results have been made available on the company's website.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.37%	-1.31%	+15.79%	-4.21%	-31.79%	+25.91%

Anil Aggarwal, Chairman and Whole Time Director of Sterling Tools Limited , disposed of 10,00,000 equity shares representing 2.75% of the total paid-up share capital through an off-market inter-se transfer on June 5, 2026. The shares were transferred by way of gift to immediate relatives within the promoter group, as disclosed to the stock exchanges under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The total shareholding of the promoter and promoter group remains unchanged following this transaction.

Shareholding Details

The transfer involved shares carrying voting rights. Prior to the disposal, Aggarwal held 61,10,583 shares, accounting for 16.81% of the company's equity. Post-transaction, his direct holding stands at 51,10,583 shares, which constitutes 14.06% of the total paid-up capital.

Metric	Pre-Disposal	Post-Disposal
Shares held by Anil Aggarwal	61,10,583	51,10,583
Percentage of total share capital	16.81%	14.06%
Shares transferred	-	10,00,000

Capital Structure

The equity share capital of Sterling Tools Limited remains at ₹7,26,88,852, divided into 3,63,44,426 shares of ₹2 each. The disclosure confirmed that there are no warrants, convertible securities, or encumbered shares involved in the transaction. The filing was submitted to BSE Limited and the National Stock Exchange of India Limited on June 8, 2026.