Sterling Tools Limited — Others, 04-02-2025: ESOP/ESOS/ESPS

Sterling Tools Limited's Board of Directors has reviewed and approved the financial results for the quarter and half-year ended 31st December 2024. Standalone revenue from operations reached ₹150.05 crore, with a net profit of ₹83.16 crore. Consolidated results showed ₹260.69 crore in revenue and a profit of ₹135.99 crore. Additionally, the Board sanctioned an investment of ₹10 crore in its subsidiary, Sterling Tech-Mobility Limited, and approved the allotment of 1,60,107 equity shares under the ESOP plan. The resignation of the Company Secretary, Mr. Abhishek Chawla, was accepted, effective March 13, 2025. This robust performance and strategic moves could enhance investor confidence, reflecting a positive outlook for the company's growth trajectory.