Sterling Powergensys Promoter Pradeep Sanghvi Sells 2,980 Equity Shares

Sterling Powergensys Limited has received a regulatory disclosure from promoter group member Pradeep Gorakhchand Sanghvi regarding the sale of equity shares in the company. The transaction, conducted through open market operations, represents a routine promoter disclosure under SEBI regulations.

Transaction Details

The disclosure filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, provides comprehensive details of the share sale transaction:

Parameter: Details Shares Sold: 2,980 equity shares Transaction Date: March 19, 2026 Mode of Sale: Open Market Seller: Pradeep Gorakhchand Sanghvi (Promoter Group) Stock Exchange: BSE Limited Scrip Code: 517063

Shareholding Changes

The transaction resulted in a reduction of Sanghvi's stake in Sterling Powergensys Limited. The following table illustrates the changes in his shareholding pattern:

Holding Period: Number of Shares Percentage of Total Capital Before Sale: 185,000 shares 3.52% Shares Sold: 2,980 shares 0.06% After Sale: 182,020 shares 3.46%

Company Share Capital Structure

Sterling Powergensys Limited's equity share capital structure remained unchanged following this transaction. The company maintains a total equity share capital of 5,262,632 equity shares of Rs. 10 each. The promoter's sale represents a minor adjustment in the shareholding pattern without affecting the overall capital structure of the company.

Regulatory Compliance

The disclosure demonstrates adherence to SEBI's transparency requirements for promoter transactions. Pradeep Gorakhchand Sanghvi, based in Mumbai, filed the mandatory Form C disclosure with BSE Limited's Corporate Relationship Department. The filing includes detailed breakdowns of voting rights, encumbrances, and diluted shareholding calculations as required under the regulations.

The transaction reflects routine portfolio management activities by the promoter group member, with all regulatory formalities completed in accordance with applicable SEBI guidelines for substantial acquisition and takeover regulations.

Sterling powergensys Limited has successfully concluded its Board of Directors meeting held on March 14, 2026, approving the re-appointment of Mr. Sankaran Venkata Subramanian as Managing Director. The meeting took place at the company's registered office in Mumbai, addressing the primary agenda item with Board approval.

Board Meeting Outcome

The Board meeting commenced at 03:00 P.M. and concluded at 03:40 P.M. on March 14, 2026, at the company's registered office located at Office No. 816, 8th Floor, Rajhans Helix 3, L B S Marg, Ghatkopar West, Mumbai. The company issued the outcome notice pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Parameter: Details Date: March 14, 2026 Duration: 03:00 P.M. to 03:40 P.M. Venue: Registered Office, Mumbai Primary Decision: Re-appointment Approved Scrip Code: 513575

Re-appointment Details

Based on recommendations from the Nomination and Remuneration Committee, the Board approved Mr. Sankaran Venkata Subramanian's re-appointment as Managing Director for a further period of 5 years. The re-appointment is effective from April 01, 2026, to March 31, 2031, maintaining the same terms and conditions including remuneration as previously approved.

Appointment Details: Information Effective Date: April 01, 2026 Term Duration: 5 years End Date: March 31, 2031 Terms & Conditions: Same as earlier approval Committee Recommendation: Nomination & Remuneration Committee DIN: 00107561

Managing Director Profile

Mr. Sankaran Venkata Subramanian brings extensive expertise in industrial boilers and incinerators to his role. A Science Graduate, he previously worked with Thermax Limited, Mumbai, where he gained valuable industry experience. The Board confirmed that he is not debarred from holding the office of Director by SEBI or any other authority and is not related to any other Director of the Company.

Regulatory Compliance

The company provided detailed disclosures required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 to the Bombay Stock Exchange, ensuring full compliance with listing requirements. The notice was digitally signed by Mr. Sankaran Venkata Subramanian on March 14, 2026, at 15:42:11 +05'30'. The appointment is in accordance with the provisions of the Companies Act, 2013.

Company Information

Sterling Powergensys Limited, formerly known as Sterling Strips Limited, operates under C.I.N. L29213MH1984PLC034343. The company is listed on the Bombay Stock Exchange and maintains its registered office at Rajhans Helix 3 in Ghatkopar West, Mumbai. The company can be contacted through multiple email addresses and operates the website www.splsolar.in .

We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.

Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.

As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.