Sterling Tools Limited has announced a key managerial personnel change with the resignation of its Company Secretary and Compliance Officer. The company disclosed this development in compliance with regulatory requirements under SEBI listing regulations.

Leadership Transition Details

Ms. Komal Malik has resigned from her position as Company Secretary and Compliance Officer (Key Managerial Personnel) of the company. The resignation takes effect from the closure of business hours on February 28, 2026. This announcement follows an earlier communication from the company dated February 17, 2026, indicating prior intimation of the change.

Regulatory Compliance

The disclosure has been made in accordance with Regulation 30 and Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also referenced SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/3762/2026 dated January 30, 2026, ensuring full compliance with applicable listing regulations.

Ms. Malik confirmed that there are no other material reasons for her resignation beyond exploring new professional opportunities. The company has provided all required documentation including the resignation letter and detailed disclosures as mandated by regulatory frameworks.

Company Information

Sterling Tools Limited operates in the fasteners manufacturing sector with its works located at DLF Industrial Estate, Faridabad, Haryana. The company is listed on both NSE (Trading Symbol: STERTOOLS) and BSE (Scrip Code: 530759), with its registered office situated in New Delhi. Managing Director Atul Aggarwal has signed the regulatory disclosure on behalf of the company.

Sterling Tools Limited has announced a postal ballot notice for seeking shareholder approval on the re-appointment of its key executive directors. The company issued the notice on February 24, 2026, in compliance with regulatory requirements under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Proposed Director Re-appointments

The postal ballot seeks approval for two special resolutions concerning the re-appointment of the company's senior leadership. Both appointments are proposed for five-year terms with specific remuneration structures.

Remuneration Structure

The proposed remuneration packages for both directors include comprehensive compensation components designed to align with industry standards and company performance.

Mr. Anil Aggarwal - Chairman cum Whole Time Director

The remuneration structure includes a basic salary of ₹2,61,45,264 per annum with a fixed increment of 15% per annum on cumulative basis. Additionally, perquisites and allowances of ₹12,00,000 per annum with similar increment structure are proposed. The package also includes commission at 1% of net profits as computed under Section 198 of the Companies Act, 2013.

Mr. Atul Aggarwal - Managing Director

For the Managing Director position, the proposed basic salary stands at ₹2,51,64,288 per annum with 15% annual cumulative increments. Similar to the Chairman's package, perquisites and allowances of ₹12,00,000 per annum with matching increment structure are included, along with 1% commission on net profits.

E-voting Process and Timeline

The company has engaged National Securities Depositories Limited (NSDL) to facilitate the remote e-voting process for shareholders.

Regulatory Compliance and Justification

The re-appointments are being sought under various provisions of the Companies Act, 2013, and SEBI regulations. The proposed remuneration may exceed the statutory limits of 11% of net profits, requiring special resolution approval from shareholders. The company's board, based on recommendations from the Nomination and Remuneration Committee, has justified the appointments considering the directors' significant contributions to business operations, financial performance, and sustained growth.

Director Profiles and Experience

Mr. Anil Aggarwal brings 47 years of extensive experience in manufacturing, project management, and business relationship development. He has been instrumental in building relationships with leading Original Equipment Manufacturers and overseeing strategic planning across the group. Mr. Atul Aggarwal contributes over 30 years of multifaceted experience in business strategy, finance, and manufacturing operations, holding an MBA from the University of North Carolina at Chapel Hill.

Company Performance Context

The postal ballot notice includes the company's financial performance data, showing total income of ₹61,369.48 lacs and net profit after tax of ₹3,880.61 lacs for the recent financial year. The company has been in commercial production since 1979, specializing in manufacturing cold forged, high tensile fasteners for the automobile and auto-ancillaries sector.