Sterling Tools Approves FY2026 Financial Results, Recommends Dividend, and Strengthens Leadership Team

Sterling Tools Approves FY2026 Financial Results, Recommends Dividend, and Strengthens Leadership Team​

Sterling Tools Limited, an automotive components manufacturer, announced significant corporate developments following its Board meeting held on May 15, 2026. The Board approved the audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026, and also recommended a final dividend, alongside key leadership appointments and a strategic investment.

Financial Performance Highlights​

The Board of Directors of Sterling Tools Limited approved the Standalone and Consolidated Audited Financial Results for the financial year ended March 31, 2026. The company's standalone and consolidated financial statements also presented the financial results for the fourth quarter ending March 31, 2026.

The audited financial data for the year ended March 31, 2026, show the following performance metrics:


The standalone financial report also indicated that the Statutory Auditors, M/s Walker Chandiok & Co LLP, issued an audit report with an unmodified opinion on the Standalone and Consolidated Financial Results for the financial year ended March 31, 2026.

Corporate Actions and Dividend Recommendation​

During the Board meeting, the company also finalized several corporate actions, including the recommendation of a final dividend and an investment approval.

The Board recommended a Final Dividend of 137.50%, equivalent to ₹2.75 per fully paid-up equity share (face value of ₹2 per share), for the Financial Year ended March 31, 2026. This dividend is subject to the approval of the company's shareholders at the ensuing Annual General Meeting.

Furthermore, the Board of Directors approved an investment in the form of equity in Sterling E-Mobility Solutions Limited, a wholly owned subsidiary, up to an amount of Rs. 20 Crore in one or more tranches. This investment is intended to facilitate the capital expenditure and working capital requirements of the subsidiary.

Key Leadership and Governance Appointments​

The Board of Directors approved several appointments aimed at bolstering the company's governance structure and operational leadership:

• Chief Financial Officer (CFO): Mr. Anish Agarwal was approved as the Chief Financial Officer and Whole-time Key Managerial Personnel (KMP) of the Company, effective May 15, 2026.
• Whole-Time Director: Mr. Anish Agarwal was also appointed as the Whole-Time Director of the Company for a term of five years, effective May 15, 2026. A remuneration of ₹1 crore per annum is proposed for a duration of three years, commencing from July 1, 2026.
• Internal Auditors: M/s Profaids Consulting was approved for appointment as the Internal Auditors of the Company for the Financial Year 2026-27.

Financial Statement Summary Tables​

The financial performance tables for the period are provided below:

Standalone Statement of Profit and Loss (Lakhs)


Consolidated Statement of Profit and Loss (Lakhs)

STERTOOLS Stock Price Movement​

Sterling Tools Limited shares finished today having gained 3.39%, settling at ₹239.06. The stock saw brisk activity, with 110,000 shares transacting during the session.