Sterling Tools Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 05, 2016, inter alia, has approved the followings:
1. Sub-division of 1 (one) Equity Share of face value of Rs. 10/- each into 5 (Five) Equity Shares of Rs. 2/- each subject to approval by shareholders through postal ballot.
2. To purchase 100% Shareholding of M/s. Haryana Ispat Private Limited under section 186 read with section 188 of the Companies Act, 2013. The said Company has become wholly owned subsidiary of Sterling Tools Limited.
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