Sterling Tools Limited has officially confirmed the resignation of Chief Financial Officer Pankaj Gupta, who ceased to hold his position as Key Managerial Personnel effective December 31, 2025. The company filed the final regulatory disclosure with both NSE and BSE, marking the completion of his departure process.

Official Confirmation and Regulatory Filing

The company submitted its final intimation to the National Stock Exchange of India Limited and BSE Limited on December 31, 2025, confirming that Gupta has ceased to be the Chief Financial Officer with effect from the closure of business hours on December 31, 2025. This follows the initial disclosure made on December 15, 2025, when the resignation was first announced.

Resignation Letter Details

In his resignation letter dated December 15, 2025, addressed to Managing Director Atul Aggarwal, Gupta formally submitted his resignation from the position of Group Chief Financial Officer. He cited his decision to pursue other professional opportunities aligned with his long-term career goals, confirming that there are no other material reasons for his resignation.

Tenure and Transition

Gupta expressed gratitude for the trust and support extended to him during his approximately 5-year tenure with the organization. He assured the management of ensuring a smooth transition process and confirmed his availability to assist as required during the handover period. The last working day was mutually decided as December 31, 2025.

Regulatory Compliance

The disclosure was made in accordance with Regulation 30 and Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Company Secretary and Compliance Officer Komal Malik digitally signed the regulatory filings, confirming the authenticity of the information provided to both stock exchanges.

Sterling Tools Limited , a prominent player in the manufacturing sector, has recently witnessed an internal share transfer within its promoter group. The transaction, which involves a significant number of equity shares, has resulted in a slight redistribution of ownership among family members.

Details of the Share Transfer

The key aspects of this corporate action are as follows:

Impact on Shareholding

The share transfer has led to minor changes in the individual shareholdings of the involved parties:

It's important to note that despite this internal transfer, the overall shareholding of the promoter and promoter group remains unchanged.

Significance of the Transaction

This share transfer appears to be a strategic move within the family-owned business structure of Sterling Tools Limited. Such transactions are not uncommon in family-run enterprises and often serve purposes such as succession planning or wealth distribution among family members.

The off-market nature of the transfer and its classification as a gift suggest that this is a planned internal reorganization rather than a market-driven transaction. It underscores the continued involvement and commitment of the promoter family in the company's ownership structure.

While this transfer does not alter the overall promoter group shareholding, it does represent a slight shift in the individual influence within the group. Shareholders and market observers may want to take note of this change, as it could potentially impact future decision-making processes within the company.

As Sterling Tools Limited continues its operations in the manufacturing sector, stakeholders will likely keep a close eye on any further developments or changes in the company's ownership structure that may influence its strategic direction.