Buy Sterling Tools; target of Rs 200: Dolat Capital
Dolat Capital is bullish on Sterling Tools has recommended buy rating on the stock with a target price of Rs 200 in its research report dated June 29, 2020.02-07-2020
02-07-2020
STERLING TOOLS LTD.-$ - 530759 - Compliances-Reg.24(A)-Annual Secretarial Compliance
Please find enclosed herewith the 'Annual Secretarial Compliance Report' issued by a Company Secretary in Practice as per Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Circular No. CIR/ CFD/ CMD 1/27/2019 dated 8th February, 2019 for the year ended 31st March, 2020.30-06-2020
STERLING TOOLS LTD.-$ - 530759 - Disclosure Of Related Party Transactions Pursuant To Regulation 23 (9) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.
Pursuant to Regulation 23 (9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the disclosure of Related Party Transactions on a Consolidated basis for the Year Ended on March 31, 2020.29-06-2020
STERLING TOOLS LTD.-$ - 530759 - Standalone & Consolidated Audited Financial Results Of The Company For The Quarter / Year Ended 31St March, 2020.
Standalone & Consolidated Audited Financial Results of the Company for the Quarter / Year Ended 31st March, 2020.26-06-2020
STERLING TOOLS LTD.-$ - 530759 - Outcome Of Meeting Of The Board Of Directors Under Regulation 30 And Regulation 33 Of SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015.
Pursuant to the provisions of Regulation 30 and Regulation 33 and other applicable regulations of the Listing Regulations, this is to inform you that Board of Directors in its meeting held on Friday, 26th June, 2020 concluded at 2:30 P.M. has taken the following decisions.26-06-2020
STERLING TOOLS LTD.-$ - 530759 - Board Meeting Intimation for Notice Of Board Meeting For Consideration Of The Standalone / Consolidated Audited Financial Results For The Fourth Quarter / Year Ended On 31St March, 2020.
STERLING TOOLS LTD.-$has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/06/2020 ,inter alia, to consider and approve Pursuant to the provisions of the Listing Regulation 29(1) (a), this is to inform you that the Meeting of the Board of Directors of the Company will be held on Friday, 26th June, 2020, agenda for which includes considering and if thought fit to approve the Standalone / Consolidated Audited Financial Results of the Company for the Fourth Quarter / Year Ended 31st March, 2020 pursuant to the provisions of Regulation 33 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Further, as intimated vide letter dated 1st April, 2020, the trading window pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 and company code for 'Prohibition of Insider Trading', was closed from 1st April, 2020 and shall remain closed upto 28th June, 2020 (both days inclusive) and will be opened on the third calendar day from the date of Board Meeting. You are requested to kindly take on record our above said information for your reference.11-06-2020
STERLING TOOLS LTD.-$ - 530759 - Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015- Impact Of The COVID-19 Pandemic
The Government of India announced Lockdown in India to contain the spread of Covid-19 disease. Accordingly, the manufacturing and other activities were closed from March 22nd, 2020. While the lockdowns and restrictions imposed on various activities were necessary to contain the spread, it has significantly impacted the business operations of the Company. Consequently, revenues and profitability have been adversely affected. But there have been no change in the controls and processes. We have received special permissions to operate our Vemagal, Kolar, Plant at Karnataka with effect from May, 11th 2020 and the other three plants at DLF Industrial Area, Prithla, Palwal and Ballabgarh Plants at Haryana have been opened with effect from 18th May, 2020 but with reduced workforce and in strict compliance with the guidelines/protocols suggested by Ministry of Health and the other relevant authorities.04-06-2020
STERLING TOOLS LTD.-$ - 530759 - Format of Initial Disclosure to be made by an entity identified as a Large Corporate
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompaySTERLING TOOLS LTD.-$ 2CINL29222DL1979PLC009668 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 47.26 4Highest Credit Rating during the previous FY AA- 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)ICRA LIMITED 5Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the frameworkBSE We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. No Name of the Company Secretary: VAISHALI SINGH Designation: COMPANY SECRETARY EmailId: VAISHALIS@STLFASTENERS.COM Name of the Chief Financial Officer: ATUL AGGARWAL Designation: C F O EmailId: CSEC@STLFASTENERS.COM Date: 01/06/2020 Note: In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.01-06-2020