Sona BLW Precision Forgings Ltd. Announces Capex Approval, Leadership Changes
Sona BLW Precision Forgings Ltd. (Sona Comstar) announced several key decisions following a Board of Directors meeting held on March 20, 2026.The Board approved a capital expenditure (Capex) budget for the financial year 2026-27, allocating INR 622 million for gear capacity enhancement within the Company's Driveline Business. This expansion aims to increase gear capacity by 4.1 million units, with completion expected by financial year 2027-2028. The investment will be funded through internal accruals and/or debt. Current capacity is 64.1 million gears, with approximately 80% utilization based on nine-month data for the financial year 2025-26.
The company also announced the resignation of Ajay Pratap Singh as Sr. Vice President (Legal), Company Secretary, and Compliance Officer, effective April 15, 2026. The Board has appointed Suman Poddar as Company Secretary and Key Managerial Personnel, effective April 16, 2026. Ms. Poddar is currently a Manager in the Corporate Secretarial department. Additionally, Arjun Singh was appointed as Compliance Officer and Key Managerial Personnel, also effective April 16, 2026. Mr. Singh currently works as Manager Corporate Secretarial.
Table: Capex Plan Details
| S.No. | Particulars | Details |
|---|---|---|
| 1 | Existing Capacity | 64.1 million gears |
| 2 | Existing Capacity utilization | Approximately 80% |
| 3 | Proposed Capacity addition | 4.1 million gears |
| 4 | Period within which the proposed capacity is to be added | Financial year 2027 - 2028 |
| 5 | Investment Required | INR 622 million |
| 6 | Mode of Financing | Internal accruals and/or Debts |
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