Sona Blw Precision Forgings Limited has informed the Exchange about General Updates
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Sona BLW Precision Forgings Limited has allotted 1,70,747 equity shares to its Managing Director and Group CEO, Mr. Vivek Vikram Singh, under the Performance Share Plan 2025. The shares have a face value of Rs. 10 each and are fully paid-up. As per the plan rules, these shares carry a one-year lock-in period from the date of allotment. The company's paid-up share capital has increased marginally from Rs. 621.86 crore to Rs. 622.03 crore following this allotment, with the total equity shares now at 62,20,28,337. The new shares will rank equally with existing shares in all respects including dividend entitlement.
This is a routine executive compensation exercise through stock options with a one-year lock-in. The dilution is minimal at around 0.03%, so the impact on existing shareholders' stake is negligible. The lock-in period means these shares cannot be sold for one year.