Sterling Tools Limited appointed Shailendra Swarup as Independent Non-Executive Director. Under Section 149(6) of the Companies Act, 2013 read with the Listing Regulations, as amended from time to time, and who is eligible for appointment under the provisions of the Companies Act, 2013, Rules made there under and Listing Regulations and in respect of whom the Company has received a notice in writing from a Member proposing his candidature for the office of Director pursuant to Section 160 of the Companies Act, 2013, as an Independent Non-Executive Director of the Company, who shall not be subject to retirement by rotation, to hold office for a period of 5 (five) years with effective from 17 December, 2019 to 16 December, 2024 on the Board of the Company. Mr. Swarup was a Member of the Task Force on Corporate Governance constituted bythe Confederation of Indian Industry. He was a member of Ganguly Committee constituted by the Reserve Bank of India in the year 2002 on Corporate Governance of public sector Banks and financial institution with particular emphasis of role of Independent Directors.