Date, Location, and Type of Meeting

The 47th Annual General Meeting of Sterling Tools Limited was held on Friday, September 4, 2026, at 11:00 A.M. (IST) through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The deemed venue was the Registered Office of the Company at DJ-1210, 12th Floor, DLF Tower-B, Jasola District Centre, New Delhi - 110025. The meeting commenced at 11:00 a.m. and concluded at 11:55 a.m. (including time given for e-voting).

Directors and Attendees Present

Directors Present through Video Conference:

1. Mr. Anil Aggarwal - Chairman & Whole Time Director

2. Mr. Atul Aggarwal - Managing Director

3. Mr. Akhill Aggarwal - Whole Time Director

4. Mr. Anish Agarwal - Whole Time Director and Chief Financial Officer

5. Mr. Jaideep Wadhwa - Director

6. Mr. Rakesh Batra - Independent Director and Chairman-Audit Committee

7. Mr. Shailendra Swarup - Independent Director and Chairman-Stakeholder Relationship Committee

8. Mr. Vijay Madhav Paradkar - Independent Director and Chairman-Nomination and Remuneration Committee

9. Ms. Rashmi Urdhwareshe - Independent Director

10. Mr. Sanjiv Garg - Independent Director

Other Attendees:

1. Ms. Pragya Saxena - Company Secretary

2. Mr. Ashish Gera - Authorized Representative of Walker Chandiok & Co., Statutory Auditor

3. Mr. Santosh Kumar Pradhan - Scrutinizer

75 members attended the AGM through video conferencing.

Summary of Proposed Resolutions

The following resolutions were put to vote for approval by members:

Ordinary Business:

1. Adoption of Financial Statements for the year ended March 31, 2026

2. Declaration of dividend for financial year 2025-26 (final dividend of ₹2.75 per equity share)

3. Re-appointment of Retiring Director

Special Business:

4. Approval for payment of Remuneration to Mr. Akhill Aggarwal (DIN 01681666), Whole Time Director of the Company

5. Ratification of remuneration to Cost Auditors for the financial year 2026-27

Voting Process and Methods

Pursuant to Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 and Regulation 44 of the SEBI Listing Regulations, the Company extended remote e-voting facility to all shareholders. The remote e-voting commenced at 9:00 AM (IST) on Monday, August 31, 2026, and closed at 5:00 PM (IST) on Thursday, September 3, 2026. Additionally, e-voting facility was available for 15 minutes from the conclusion of the AGM for members who had not cast their vote earlier through remote e-voting.

Mr. Santosh Kumar Pradhan, practicing Company Secretary (FCS No. 6973, CP No. 7647), was appointed as the Scrutinizer to oversee the voting process through electronic means and ensure the e-voting process was conducted fairly and transparently.

Key Proceedings and Confirmations

The Chairman, Mr. Anil Aggarwal, presided over the meeting. The Company Secretary confirmed that requisite quorum was present. The Chairman informed that the meeting was conducted via VC/OAVM in compliance with circulars issued by MCA and SEBI.

The Company Secretary informed that all statutory registers and documents referred to in the notice of AGM and Annual Report were available for electronic inspection. The notice of AGM and Annual Report for FY 2025-26 had been circulated electronically to all members. There were no qualifications, observations, remarks or comments having material adverse effect on the company's functioning in the Reports of Statutory Auditor and Secretarial Auditor.

The Statutory Auditor read the first two paragraphs of the Audit Report as it contained no qualifications or adverse remarks.

Question & Answer Session

The Company Secretary invited members who had registered as speakers to express views and ask queries, which were addressed by the Management.

Results Publication and Compliance

The Company Secretary informed that e-voting results (remote e-voting and e-voting during AGM) on all resolutions along with the consolidated Scrutiniser's Report would be filed with stock exchanges within stipulated timelines and placed on the Company's website and NSDL website.

Chairman's Speech Highlights

Mr. Anil Aggarwal delivered a speech highlighting:

  • FY 2025-26 standalone fasteners business delivered 11.4% revenue growth to ₹725.9 crore
  • EBITDA grew by 17.1% with EBITDA margin expanding to 15.3%
  • Consolidated EBITDA stood at ₹93.7 crore and Profit After Tax at ₹29.3 crore
  • New business wins of approximately ₹64 crore secured
  • Entry into Tata Passenger Vehicle segment
  • Evolution of Sterling E-Mobility Solutions into broader powertrain and power electronics platform
  • Collaborations with Nanjing Haohang for Advanced Rider Assistance Systems and with MINIEYE for Advanced Driver Assistance Systems
  • Final dividend recommendation of ₹2.75 per equity share for FY 2025-26

Compliance Statement

The meeting was conducted in accordance with applicable provisions of Companies Act, 2013 read with Rules framed thereunder and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and circulars issued by MCA and SEBI.