StockWatch
·
Auto Components & Equipments
Management Change15 May 2026, 03:16 pm

Sterling Tools: Anish Agarwal Appointed CFO & Whole-Time Director

AI Summary

Sterling Tools Ltd's board approved the appointment of Mr. Anish Agarwal as CFO and Whole-Time Director, effective May 15, 2026. The board also recommended a final dividend of 137.50% (₹2.75 per share) for FY26, subject to shareholder approval. Additionally, they approved the appointment of M/s Profaids Consulting as Internal Auditors for FY27 and an investment of up to ₹20 Crore in Sterling E-Mobility Solutions via a rights issue.

Key Highlights

  • Anish Agarwal appointed as CFO and Whole-Time Director, effective May 15, 2026.
  • Final dividend of ₹2.75 per share (137.50%) recommended for FY26.
  • M/s Profaids Consulting appointed as Internal Auditors for FY27.
  • Investment of up to ₹20 Crore approved for Sterling E-Mobility Solutions.
  • Audited financial results for FY26 approved with unmodified opinion from auditors.