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Latest news about Sterling Tools

Sterling Tools Limited Submits Q4FY26 Compliance Certificate Under SEBI Regulations 23 hrs ago Yesterday

Sterling Tools Limited filed its Q4FY26 compliance certificate under SEBI Regulation 74(5) on 4th April, 2026, covering the quarter ended 31st March, 2026. The certificate, signed by Company Secretary Pragya Saxena, was submitted to NSE and BSE. MAS Services Limited, the company's registrar, confirmed all dematerialization processes were completed within the required 15-day timeframe, ensuring full regulatory compliance.

Sterling Tools Limited Announces Postal Ballot Results for Director Re-appointments 7 days ago

Sterling Tools Updates Key Managerial Personnel List Following New Appointment Mar 24, 2026

Sterling Tools Limited Announces Resignation of Company Secretary and Compliance Officer Feb 28, 2026

Sterling Tools Limited Announces Postal Ballot for Director Re-appointments Feb 24, 2026

More news about Sterling Tools

03Feb 26

Sterling Tools Reports Q3 EBITDA Decline to ₹226M Despite Improved Margins

Sterling Tools delivered mixed Q3FY26 results with EBITDA declining to ₹226M from ₹268M year-over-year, though EBITDA margin improved to 10.96% from 10.28%. The company showed strong standalone performance with 17.53% revenue growth and 14.32% profit increase, while consolidated results faced significant decline. Leadership continuity was ensured with Board approving five-year re-appointments for key executives, and the company implemented ESOP allotment of 1,60,108 shares.

19Jan 26

Sterling Tools Partners With China's Minieye For ADAS Solutions In Indian Market

Sterling Tools Limited has announced a strategic partnership with China's Minieye to bring advanced driver assistance systems and driver monitoring solutions to the Indian automotive market. The collaboration focuses on adapting MINIEYE's intelligent driving technologies for Indian road conditions and traffic patterns, targeting both commercial and passenger vehicle segments ahead of India's mandatory ADAS regulations effective January 1, 2027.

31Dec 25

Sterling Tools CFO Pankaj Gupta Officially Steps Down After 5-Year Tenure

Sterling Tools Limited has officially completed the resignation process of Chief Financial Officer Pankaj Gupta, who stepped down on December 31, 2025, after serving approximately 5 years. The company filed final regulatory disclosures with NSE and BSE, confirming his departure to pursue other professional opportunities with no other material reasons cited.

29Dec 25

Sterling Tools GST Proceedings Conclude: ₹97.78 Cr Tax Demand Dropped

Sterling Tools Ltd. has successfully concluded GST proceedings with CGST Dehradun, receiving a highly favorable order that drops the entire ₹97.78 crore tax demand. The company now faces only minimal financial obligations totaling ₹2.28 lakh in interest recovery and penalties, representing a significant positive resolution to the regulatory matter that originated from a June 2025 show cause notice.

21Nov 25

Sterling Tools Promoter Group Executes Internal Share Transfer

Sterling Tools Limited has undergone an internal share transfer within its promoter group. Atul Aggarwal, the Managing Director, transferred 54,000 equity shares to Ayesha Aggarwal, a promoter group member and immediate relative, as an off-market inter-se gift transfer. This transaction resulted in minor changes to individual shareholdings: Atul Aggarwal's stake decreased from 26.25% to 26.10%, while Ayesha Aggarwal's increased from 4.82% to 4.97%. The overall promoter and promoter group shareholding remains unchanged.

17Nov 25

Sterling Tools Reports Q2 Results, Expands EV Portfolio with New Partnerships

Sterling Tools Limited reported Q2 total income of INR 172.20 crores with flat EBITDA margins year-on-year. The company received an exceptional income of INR 9.50 crores from Delhi Metro Rail Corporation. Sterling is expanding its EV business through partnerships and subsidiary growth, projecting INR 200.00 crores revenue potential in HVDC contactors and relays within 5 years. The company rebranded Sterling Gtake Mobility to Sterling E Mobility Solutions, broadening its EV product portfolio. Despite challenges, Sterling Tools maintains a positive outlook, citing industry recovery and new customer acquisitions. The company remains net debt-free and is funding growth initiatives internally.

11Nov 25

Sterling Tools Reports Q2 FY26 Results, Appoints New Chief Manufacturing Officer

Sterling Tools Limited announced its Q2 FY26 financial results, reporting a total income of ₹172.20 crore, up 2.3% year-over-year. The company's profit after tax saw a significant 66.6% increase to ₹19.80 crore. For H1 FY26, total income rose 1.2% to ₹335.40 crore, with PAT increasing by 32.4% to ₹30.80 crore. An exceptional item of ₹9.50 crore was reported in Q2 FY26 from enhanced compensation received from Delhi Metro Rail Corporation. The company also appointed Mr. Roney John as Chief Manufacturing Officer, effective November 11, 2025.

11Nov 25

Sterling Tools Reports 79% Jump in Q2 Profit, Appoints New Manufacturing Chief

Sterling Tools Limited reported a 79% increase in profit for Q2 ended September 30, 2025, reaching Rs 1,979.86 lakhs, despite a decline in total income to Rs 7,216.76 lakhs. The profit boost was aided by exceptional income of Rs 949.64 lakhs from Delhi Metro Rail Corporation. The company has appointed Mr. Roney John as Chief Manufacturing Officer, effective November 11, 2025, bringing over 30 years of experience to strengthen manufacturing operations.

11Nov 25

Sterling Tools Limited Secures Credit Rating Reaffirmation from ICRA

ICRA Limited has reaffirmed Sterling Tools Limited's credit ratings for various financial instruments totaling Rs. 204.19 crore. Short-term ratings of [ICRA]A1+ were reaffirmed for unallocated limits and non-fund based facilities. Long-term ratings of [ICRA]AA- were reaffirmed for fund-based cash credit and term loans, but with a revised outlook from Positive to Stable. The ratings indicate high credit quality and low credit risk for the company's financial obligations.

14Oct 25

Sterling Tools Rebrands Subsidiary to Sterling E-Mobility Solutions Limited, Signaling EV Tech Expansion

Sterling Tools has rebranded its subsidiary Sterling Gtake to Sterling E-Mobility Solutions Limited, signaling a strategic shift towards becoming a comprehensive provider of electric vehicle (EV) technologies. The company has formed partnerships with Advanced Electric Machines (UK) for magnet-free motors and Landworld Technology Co. Ltd. (China) for on-board chargers and DC/DC converters. Sterling maintains its exclusive relationship with Jiangsu Gtake Electric Co., Ltd. for the Indian market. The rebranding reflects Sterling's commitment to delivering integrated EV solutions and positions the company to capitalize on India's transition to sustainable mobility.

25Sept 25

Sterling Tools Shareholders Approve Rakesh Batra's Re-appointment as Independent Director

Sterling Tools Limited shareholders approved the re-appointment of Rakesh Batra as Non-Executive Independent Director for a five-year term starting November 10, 2025. Batra, with over 43 years of experience, brings expertise in automotive and manufacturing sectors. The company reported consolidated total income of ₹1,038.00 crore, a 10.60% year-on-year growth, and crossed the ₹1,000 crore revenue milestone. Sterling Tools aims to diversify its portfolio, targeting 50% revenue from new business verticals by 2030, with a focus on the EV ecosystem.

15Sept 25

Sterling Tools Expands EV Portfolio: Partners with Landworld for Local Production of Charging Components

Sterling Tools, through its subsidiary SGEM, has partnered with China's Landworld Technology to manufacture EV components in India. The collaboration focuses on producing on-board chargers, DC/DC converters, and multi-function units at Sterling's Faridabad facility. The partnership aims to generate revenue of ₹450 crore by FY2030, contributing to India's EV ecosystem development and aligning with government initiatives like Make in India and Atmanirbhar Bharat. This move expands Sterling's EV portfolio and positions the company to meet growing demand in the Indian EV market.

07Aug 25

Sterling Tools Accelerates EV Growth with Product Diversification and New Partnerships

Sterling Tools Limited (STL) is expanding its presence in the electric vehicle (EV) sector through product diversification and strategic partnerships. Its subsidiary, Sterling Gtake E-Mobility (SGEM), secured a nomination for DC/DC converters from a major e-CV OEM. Another subsidiary, Sterling Tech-Mobility Limited (STML), plans to start commercial production of HVDC contactors and relays by FY26. STL has formed partnerships with global tech leaders and approved an investment of up to Rs. 20 crore in STML. The company also added Hyundai Motors to its customer base. Despite a 5.10% decline in the domestic auto industry in Q1 FY26, STL's fasteners business remained stable, reporting a consolidated total income of Rs. 195 crore and adjusted EBITDA of Rs. 26.50 crore.

07Aug 25

Sterling Tools Reports Q1 Results with 31% Revenue Decline, Plans EV Component Expansion

Sterling Tools Limited reported a 31.3% decline in Q1 consolidated revenue to Rs 195.00 crore, with profit after tax down 51.2% to Rs 9.00 crore. The standalone fasteners business remained stable. The company is expanding its EV component business through subsidiaries SGEM and Sterling Tech-Mobility. The Board approved financial results, appointed a new Company Secretary, re-appointed a director and cost auditor, and approved a Rs 20.00 crore investment in a subsidiary. The 46th Annual General Meeting is scheduled for September 13.

14May 25

Sterling Tools Inks Deal for Rare Earth-Free EV Motor Technology

Sterling Tools Ltd is entering the electric vehicle (EV) market through a technology licensing agreement with UK-based Advanced Electric Machines (AEM) Ltd. The partnership focuses on developing, manufacturing, and marketing rare earth magnet-free traction motors for EVs. This strategic move allows Sterling Tools to expand its product portfolio and enter the growing EV component market. The agreement includes technology transfer from AEM to Sterling Tools, potentially enabling local production of advanced EV motors in India. This partnership aligns with India's push towards electric mobility and could lead to more cost-effective and sustainable EV production.

14May 25

Sterling Tools Inks Exclusive Deal for EV Motor Manufacturing, Reports Q4 and FY23 Results

Sterling Tools' subsidiary signed an exclusive agreement with AEM Ltd, UK to manufacture magnet-free EV traction motors in India. The company reported FY23 revenue of ₹651.61 crore and Q4 FY23 revenue of ₹165.24 crore. The board recommended a final dividend of ₹2.50 per equity share for FY23.

13May 25

Sterling Tools Reports Decline in Q4 Financial Performance

Sterling Tools, an automotive component manufacturer, released its Q4 FY results showing significant declines across key financial metrics. Revenue fell by 26% to ₹1.99 billion, EBITDA decreased by 40% to ₹185 million, and net profit dropped by 46% to ₹88 million. The EBITDA margin also contracted from 11.46% to 9.28%, indicating operational challenges.

28Mar 25

NCLT Approves Sterling Tools' Amalgamation with Haryana Ispat, Streamlining Operations

Sterling Tools Limited has received NCLT approval for its amalgamation with Haryana Ispat Private Limited. The merger aims to simplify group structure, reduce costs, and improve operational efficiency. No new shares will be issued as Haryana Ispat is a wholly-owned subsidiary. All assets, liabilities, and employees of Haryana Ispat will be transferred to Sterling Tools. The scheme is expected to benefit stakeholders and enhance Sterling Tools' market position in the fastener manufacturing sector.