Sterling Tools has received approval for investment in form of equity in Sterling Tech-Mobility (STML), wholly owned subsidiary of the company upto an amount of Rs 15 crore in one tranche. The investment made by the Company in STML is to facilitate working capital requirements.
There will be no change in the percentage of shareholding of the company in STML. It will continue to remain a wholly owned subsidiary of the company. The Board of Directors in its meeting held on August 5, 2026, has inter-alia considered and approved the same.
Sterling Tools is engaged in manufacturing of high tensile cold forged fasteners for Automotive Industry having its presence amongst all Auto Segments- Passenger Vehicle (PV), Commercial Vehicle (CV), Two Wheelers, Farm Equipment and Off-Roadways.
