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.
| Company Name | CMP |
|---|---|
| Sundram Fasteners | 1025.85 |
| Sterling Tools | 255.10 |
| Lakshmi Prec. Screws | 4.83 |
| Simmonds Marshall | 219.90 |
| Accufast Metals | |
| View more.. | |
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: