Sona BLW Precision Forgings Ltd. (Sona Comstar) announced the outcome of its Board meeting held on March 20, 2026. The Board sanctioned a Capex budget of INR 622 million for expanding gear capacity in the Driveline Business, aiming for completion by FY2027-28. Additionally, the Board accepted the resignation of Mr. Ajay Pratap Singh and appointed Ms. Suman Poddar and Mr. Arjun Singh as the new Company Secretary and Compliance Officer, effective April 16, 2026.
Major Approvals from Sona Comstar Board
The Board of Directors of Sona BLW Precision Forgings Ltd. (Sona Comstar) convened on March 20, 2026, concluding its meeting at 06:34 p.m. IST. The primary outcomes included the approval of significant capital expenditure and key leadership changes within the executive team.
Approval of Capacity Addition Capex
Based on the Capex Committee’s recommendation, the Board approved a capital expenditure budget for the financial year 2026-27. This approval earmarks INR 622 million (Indian Rupees Six Hundred Twenty-Two Million) specifically for enhancing gear production capacity within the Company’s Driveline Business.
Capex Details Summary
- Existing Capacity: 64.1 million gears.
- Current Utilization: Approximately 80% (based on nine-month data for FY2025-26).
- Proposed Addition: An additional 4.1 million gears.
- Investment Required: INR 622 million.
- Financing Mode: Internal accruals and/or Debts.
- Timeline for Addition: Proposed capacity addition will occur between the financial years 2027 – 2028.
The rationale cited for this enhancement is to “Enhance the gear capacity production in the ordinary course of business” to meet anticipated customer demand.
Executive Resignation Noted
The Board formally took note of the resignation submitted by Mr. Ajay Pratap Singh from his roles as Sr. Vice President (Legal), Company Secretary, and Compliance Officer. His resignation will be effective from the close of business hours on April 15, 2026. The company confirmed that the process to find a permanent replacement for the Legal Head, Company Secretary, and Compliance Officer position has commenced, with interim arrangements made.
Key Appointments Effective April 2026
Following recommendations from the Nomination and Remuneration Committee, the Board appointed two Key Managerial Personnel effective April 16, 2026.
Appointment of Ms. Suman Poddar (Company Secretary)
Ms. Suman Poddar was appointed as the new Company Secretary and Key Managerial Personnel. Ms. Poddar currently serves as Manager Corporate Secretarial and possesses over 16 years of professional experience in corporate secretarial and governance matters. She has been associated with Sona BLW Precision Forgings Limited for more than 8 years.
Appointment of Mr. Arjun Singh (Compliance Officer)
Mr. Arjun Singh was appointed as the Compliance Officer and Key Managerial Personnel. Mr. Singh is a qualified Company Secretary with over 9 years of experience in regulatory compliance, mergers, and corporate restructuring. He has been working as Manager Corporate Secretarial for the Company since April, 2021.
Source: BSE
