Sterling Tools shareholders approved the company’s financial results for FY26 and a final dividend of ₹2.75 per equity share at its 47th Annual General Meeting held on September 4, 2026. The meeting, conducted via video conference, saw 75 members in attendance.

The Board of Directors recommended the dividend payout subject to shareholder approval, which was granted during the e-voting process. The resolutions also included the adoption of standalone and consolidated financial statements for the year ended March 31, 2026, and the re-appointment of a retiring director.

Financial Performance

Sterling Tools reported resilient growth in its core fasteners business during FY26. Standalone total income increased by 11.4% to reach ₹725.9 crore. Operating profitability improved alongside top-line growth, with EBITDA rising by 17.1% and the EBITDA margin expanding to 15.3%.

On a consolidated basis, the group reported an EBITDA of ₹93.7 crore and a Profit After Tax (PAT) of ₹29.3 crore. The management attributed these results to an improved product mix and disciplined execution across operations.

Strategic Updates

The fasteners business remains net debt-free and strongly cash-generative, providing capital for investments in electric vehicle (EV) initiatives. The company secured new business wins worth approximately ₹64 crore and entered the Tata Passenger Vehicle segment, strengthening relationships with leading OEMs.

Sterling E-Mobility Solutions Limited has evolved from a Motor Control Unit-focused entity into a broader powertrain platform. Its capabilities now include motor control systems, DC/DC converters, onboard chargers, and rare-earth magnet-free motors. The company is also expanding into intelligent mobility through collaborations for Advanced Rider Assistance Systems and Advanced Driver Assistance Systems.

What the Numbers Show

A divergence exists between the standalone and consolidated profit metrics. While the standalone fasteners business drove significant top-line growth of 11.4% and margin expansion, the consolidated PAT of ₹29.3 crore suggests that the EV and technology subsidiaries continue to weigh on overall profitability despite the strong cash generation from the core fasteners segment.

Governance and Compliance

The Statutory Auditor’s report contained no qualifications or adverse remarks regarding the functioning of the company. The resolutions for the remuneration of Whole Time Director Mr. Akhill Aggarwal and the ratification of cost auditors for FY27 were also put to vote and approved by members.

Sterling Tools promoter Anil Aggarwal disposed of 80,000 equity shares through an off-market inter-se transfer by way of gift. The transaction, disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, occurred on August 24, 2026.

Aggarwal’s holding in the company decreased from 51,10,583 shares (14.06%) to 50,30,583 shares (13.84%). The disposal represents a 0.22% reduction in his stake relative to the total share and voting capital. The paid-up capital of Sterling Tools remained unchanged at ₹7,26,88,852, comprising 3,63,44,426 shares of face value ₹2 each.

Transaction Details

The transfer was executed as an off-market trade involving an inter-se transfer by gift. No encumbrances, pledges, or liens were invoked or released during the transaction. Aggarwal holds no warrants, convertible securities, or other instruments entitling him to receive additional voting rights in the company.

Aggarwal serves as Chairman and Whole Time Director of Sterling Tools Limited. The disclosure confirms he remains part of the Promoter Group. The company’s shares are listed on BSE Limited and the National Stock Exchange of India Ltd.