Sterling Tools Limited has announced a significant leadership change with the resignation of Chief Financial Officer Pankaj Gupta, who will be stepping down from his role as Key Managerial Personnel effective December 31, 2025.

Resignation Details

The company disclosed the resignation through a regulatory filing dated December 15, 2025, pursuant to Regulation 30 and Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Reason for Departure

According to the resignation letter submitted to Managing Director Atul Aggarwal, Gupta cited his decision to pursue other professional opportunities aligned with his long-term career goals. The company has confirmed that there are no other material reasons for his resignation beyond the stated professional aspirations.

In his resignation letter, Gupta expressed appreciation for the trust and support extended to him during his tenure with the organization. He emphasized his commitment to ensuring a smooth transition process and indicated his availability to assist as required during the handover period.

Regulatory Compliance

The disclosure was made in compliance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company has provided all requisite details as mandated under the listing regulations, including the complete resignation letter containing detailed reasons for the departure.

Transition Process

Gupta's resignation will become effective from the close of business hours on December 31, 2025, when he will cease to be the Chief Financial Officer and Key Managerial Personnel of the company. The departing CFO has assured the management of his cooperation in facilitating a seamless transition of responsibilities.

The company secretary and compliance officer, Komal Malik, signed the regulatory disclosure, confirming the authenticity of the information provided to the regulatory authorities.

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.