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- Important
- Financial Update
- Fund Raise
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Sterling Tools' Board approved consolidated financial results for the quarter ended June 30. They re-appointed cost auditors and approved new secretarial auditors, subject to shareholder approval. Ms. Komal Malik was appointed as the new Company Secretary & KMP. The Board set the AGM for September 13, with September 6 as the record date for the final dividend if approved. Mr. Rakesh Batra was re-appointed as an Independent Director, pending shareholder approval. Crucially, the Board greenlit a Rs. 20 Cr equity investment in its wholly-owned subsidiary, Sterling Tech-Mobility, to fund expansion into new automotive product lines.