Board approves ₹62.6Cr robotics capex, new Company Secretary appointed
SONACOMS · price
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Sona Comstar's board approved a capex of INR 626 million to enter a new line of business — manufacturing components and systems for the advanced robotics industry, aiming to diversify beyond automotive and tap new end markets. Separately, interim Company Secretary Suman Poddar and Compliance Officer Arjun Singh resigned effective 16 June 2026. Pankaj Gupta, a qualified Company Secretary and LLB with 27+ years of legal and governance experience at firms including Goodyear India and Shriram Pistons, was appointed as SVP (Legal), Company Secretary and Compliance Officer from 17 June 2026.
Robotics foray signals long-term diversification beyond auto; management change is routine as both outgoing officers were interim appointees replaced by a permanent senior hire.