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.

Sterling Tools has granted pre-clearance to promoter Akhill Aggarwal for the purchase of 80,000 equity shares. The company approved the request on August 19, 2026, under its Code of Conduct to Regulate, Monitor and Report Trading in Securities.

Aggarwal must complete the transaction by August 25, 2026, within seven trading days of approval. The compliance officer confirmed that neither Aggarwal nor his immediate relatives possessed unpublished price-sensitive information at the time of the application.

Transaction Details

The acquisition is structured as an off-market trade between immediate relatives and part of the promoter group. It involves an inter-se transfer by way of gift. Aggarwal currently holds 31,71,838 equity shares, representing 8.73% of the total voting capital.

Regulatory Disclosures

Aggarwal filed disclosures under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms no encumbrances on the shares held or to be acquired. There are no warrants, convertible securities, or other instruments entitling him to receive additional voting rights.

The company’s paid-up capital remains unchanged at ₹7,26,88,852, comprising 3,63,44,426 shares of ₹2 each. The acquisition does not alter the total diluted share capital.

What the Numbers Show

The transaction represents a modest consolidation of promoter holdings rather than an open-market accumulation. With the stake increasing from 8.73% to 8.95%, the move reinforces promoter commitment without triggering open offer obligations under takeover regulations, as the increase remains below the 5% threshold requiring such disclosure in a single quarter.