Allotment of equity shares under the PSP 2025 of the Company.
SONACOMS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sona BLW Precision Forgings has allotted 1,70,747 equity shares (worth approximately Rs. 1.71 crore at face value) to its Managing Director and Group CEO, Mr. Vivek Vikram Singh, under the company's Performance Share Plan 2025. The shares carry a one-year lock-in period from the date of allotment. Following this issuance, the company's paid-up equity share capital increased from Rs. 621.86 crore to Rs. 622.03 crore, representing a marginal dilution of about 0.27%.
Minimal direct impact on shareholders — the dilution is negligible at 0.27%. The lock-in period means these shares will not enter the market for one year, reducing immediate selling pressure.