Investment5 Aug 2026, 02:29 pm
Sterling Tools Approves ₹15 Cr Investment in Subsidiary
AI Summary
Sterling Tools Ltd's Board of Directors has approved an investment of up to ₹15 crores in its wholly-owned subsidiary, Sterling Tech – Mobility Limited, through a rights issue. The board also approved the unaudited financial results for the first quarter ended June 30, 2026, appointed new cost auditors, and fixed the date for the 47th Annual General Meeting (AGM) on September 4, 2026. The book closure and record dates for the AGM and potential dividend payment have been set for August 29-September 4, 2026, and August 28, 2026, respectively.
Key Highlights
- Board approves ₹15 Cr rights issue investment in subsidiary Sterling Tech.
- Unaudited Q1 FY26 results (standalone & consolidated) approved.
- 47th AGM scheduled for September 4, 2026.
- Cost Auditors appointed for FY2026-27.
- Book closure and record dates set for AGM and dividend.
Price Impact
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