Sona Blw Precision Forgings Limited has informed the Exchange regarding 'Outcome of Board Meeting held on 20th March, 2026'.
SONACOMS · price
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Sona BLW Precision Forgings (Sona Comstar) board approved a capital expenditure of INR 622 million to add 4.1 million gears to its Driveline Business, taking total gear capacity to 68.2 million. Current capacity utilization is around 80%, and the new capacity is expected to come on stream by FY2027-28, funded through internal accruals and/or debt. Separately, Mr. Ajay Pratap Singh resigned as Sr. VP (Legal), Company Secretary and Compliance Officer effective 15th April 2026 to pursue opportunities outside the company. To fill the gap, Ms. Suman Poddar was appointed as Company Secretary and Mr. Arjun Singh as Compliance Officer, both effective 16th April 2026, with both being internal promotions from the company's corporate secretarial team.
The capex is a routine capacity addition of about 6% over existing gear capacity and is unlikely to materially impact near-term financials; it signals management confidence in order pipeline. The management changes appear orderly with internal candidates taking over, so no governance concerns for shareholders.