Sona BLW Precision Forgings logo

Sona BLW Precision Forgings CEO, MD, chairman, board of directors and AGM

NSE: SONACOMSBSE: 543300Auto ComponentsMid Cap

Last close ₹752.85down ₹12.05 (1.58%)BSE ₹752.80

Share price at the NSE close on 23 Oct 2026. Previous close ₹764.90.

52-week range of traded prices to 23 Oct 2026
₹437.70Low, 21 Jan 2026₹844.00High, 20 Aug 2026
Market cap
₹46,988 Cr248th largest listed
P/E
68.0
P/B
7.9
Dividend yield
0.45%
ROE
12.0%
ROCE
14.3%
Debt to equity
0.04
Volume, NSE
15,65,79949.3% delivered

Sona BLW Precision Forgings board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonJeffrey Mark Overly
  • Managing director and CEOVivek Vikram Singh
  • Company Secretary and Compliance OfficerPankaj Gupta

9 directors6 independent2 executive1 non-executive

  • Jeffrey Mark Overly · ChairpersonIndependent · joined Feb 2021 · reappointed Feb 2026 · 68 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Vivek Vikram Singh · Managing director and CEOExecutive · joined Jul 2019 · reappointed Jul 2022 · 2 listed boards · 1 as independent · 1 committee seat
  • Shradha SuriIndependent · joined Aug 2020 · reappointed Aug 2025 · 74 months as independent · 2 listed boards · 1 as independent · 1 committee seat
  • Manisha GirotraIndependent · joined Jan 2024 · reappointed Jan 2024 · 33 months as independent · 1 listed board · 1 as independent
  • Pradip Manilal KanakiaIndependent · joined Jul 2024 · reappointed Jul 2024 · 27 months as independent · 6 listed boards · 6 as independent · 7 committee seats, 4 as chair
  • Karamendra Daulet SinghIndependent · joined Oct 2024 · reappointed Oct 2024 · 24 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 1 as chair
  • Vineet MittalIndependent · joined Jan 2025 · reappointed Jan 2025 · 21 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Vikram Verma VadapalliExecutive · joined Sep 2011 · reappointed Jan 2025 · 1 listed board
  • Priya Sachdev KapurNon-executive · joined Jun 2025 · reappointed Jun 2025 · 1 listed board · 1 committee seat

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

3 directors who left
  • Sunjay Kapur, left 12 Jun 2025: Others
  • Amit Dixit, left 11 Dec 2024: Others
  • Prasan Abhaykumar Firodia, left 23 Oct 2024: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 23 Jul 20269 of 9 present6 independent · no day in between
    • 22 Jul 20268 of 9 present5 independent · 35 days in between
    • 16 Jun 20267 of 9 present4 independent

  • Audit Committee

    Chair Pradip Manilal Kanakia

    Karamendra Daulet Singh, Jeffrey Mark Overly, Priya Sachdev Kapur

    • 23 Jul 20264 of 4 present3 independent · no day in between
    • 22 Jul 20263 of 3 present3 independent · 82 days in between
    • 30 Apr 20263 of 3 present3 independent

  • Nomination and remuneration committee

    Chair Karamendra Daulet Singh

    Jeffrey Mark Overly, Shradha Suri, Manisha Girotra

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair Karamendra Daulet Singh

    Jeffrey Mark Overly, Vivek Vikram Singh

    • 23 Jul 20263 of 3 present2 independent

  • Risk Management Committee

    Chair Jeffrey Mark Overly

    Vivek Vikram Singh, Manisha Girotra

    • 23 Jul 20263 of 3 present2 independent

  • Corporate Social Responsibility Committee

    Chair Priya Sachdev Kapur

    Shradha Suri, Manisha Girotra, Pradip Manilal Kanakia

    • 23 Jul 20264 of 4 present3 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Walker Chandiok & Co LLPPeer-review certificate valid to May 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Sona BLW Precision Forgings AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Sona BLW Precision Forgings dividend history

Postal ballot, 3 Oct 2026

3,64,812 shareholders on the register on 28 Aug 2026; votes counted by Ayushi Jain / Ayushi J & Associates.The company's voting result (opens in a new tab)

  1. To approve and ratify material related party transaction(s) and related arrangements between the Company and Sona Comstar eDrive Private Limited.
    Ordinary
    94.49% for5.51% against

    Against: promoters 0.00% · institutions 5.57% · other public 0.12%

    Turnout: all 60.26% · promoters 0.00% · institutions 91.64% · other public 8.92%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 15 Jul 2026, 5 resolutions

3,65,855 shareholders on the register on 8 Jul 2026; present: 2 promoters and 145 others; votes counted by Nitesh Latwal / PI & Associates.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone & Consolidated Financial Statements and Reports of Board of Directors and Auditors thereon for the Financial Year ended on 31st March, 2026.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.01% · other public 0.01%

    Turnout: all 89.38% · promoters 100.00% · institutions 93.62% · other public 3.32%

  2. Declaration of final dividend of INR 1.80 (One Indian Rupee and Eighty Paisa only) per equity share of the Company having face value of INR 10/- (Rupees ten only) each, for the Financial Year ended on 31st March, 2026.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 89.38% · promoters 100.00% · institutions 93.62% · other public 3.32%

  3. Re-appointment of Mr. Vikram Verma Vadapalli (DIN: 03631259) as director, liable to retire by rotation.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 89.38% · promoters 100.00% · institutions 93.62% · other public 3.32%

  4. To approve the payment of remuneration to Non-Executive Directors (including Independent and Non Independent Directors) of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 89.38% · promoters 100.00% · institutions 93.62% · other public 3.32%

  5. Ratification of the remuneration of the Cost Auditors of the Company for the Financial Year 2026-27.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 89.38% · promoters 100.00% · institutions 93.62% · other public 3.32%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 19 Dec 2025, 1 resolution

4,22,922 shareholders on the register on 14 Nov 2025; votes counted by Nitesh Latwal / PI & Associates.The company's voting result (opens in a new tab)

  1. TO CONSIDER AND APPROVE SONA BLW PRECISION FORGINGS LIMITED PERFORMANCE SHARE PLAN – 2025.
    Special
    86.93% for13.07% against

    Against: promoters 0.00% · institutions 19.29% · other public 0.39%

    Turnout: all 88.04% · promoters 100.00% · institutions 92.57% · other public 5.10%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 25 Jul 2025, 9 resolutions

4,22,320 shareholders on the register on 18 Jul 2025; present: 3 promoters and 150 others; votes counted by Nitesh Latwal / PI & Associates.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone & Consolidated Financial Statements and Auditor’s Reports thereon for the Financial Year ended on 31st March, 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 87.27% · promoters 100.00% · institutions 91.58% · other public 1.80%

  2. Declaration of final dividend of INR 1.60 (One Indian rupee and sixty paise only) per equity share of the Company having face value of INR 10/- (Rupees ten only) each, for the Financial Year ended on 31st March, 2025.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 87.29% · promoters 100.00% · institutions 91.61% · other public 1.80%

  3. Re-appointment of Mr. Vivek Vikram Singh (DIN: 07698495) as director, liable to retire by rotation.
    Ordinary
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 0.29% · other public 0.28%

    Turnout: all 87.29% · promoters 100.00% · institutions 91.61% · other public 1.80%

  4. Re-appointment of Mrs. Shradha Suri (DIN:00176902), as an Independent Director of the Company.
    Special
    88.99% for11.01% against

    Against: promoters 0.00% · institutions 16.26% · other public 0.34%

    Turnout: all 87.28% · promoters 100.00% · institutions 91.60% · other public 1.80%

  5. Re-appointment of Mr. Jeffrey Mark Overly (DIN:09041143), as an Independent Director of the Company.
    Special
    98.97% for1.03% against

    Against: promoters 0.00% · institutions 1.52% · other public 0.44%

    Turnout: all 87.29% · promoters 100.00% · institutions 91.61% · other public 1.80%

  6. Appointment of Mrs. Priya Sachdev Kapur (DIN:02406685), as a Non-Executive Director of the Company.
    Ordinary
    99.44% for0.56% against

    Against: promoters 0.00% · institutions 0.82% · other public 0.29%

    Turnout: all 87.29% · promoters 100.00% · institutions 91.61% · other public 1.80%

  7. Appointment of Secretarial Auditors of the Company and fixing their remuneration.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.18%

    Turnout: all 87.29% · promoters 100.00% · institutions 91.61% · other public 1.80%

  8. Ratification of the remuneration of the Cost Auditors of the Company for the Financial Year 2025-26.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.24%

    Turnout: all 87.28% · promoters 100.00% · institutions 91.60% · other public 1.80%

  9. Alteration of the Object Clause of the Memorandum of Association of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.25%

    Turnout: all 87.29% · promoters 100.00% · institutions 91.61% · other public 1.80%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 28 Feb 2025, 2 resolutions

4,16,048 shareholders on the register on 24 Jan 2025; votes counted by Ankit Singhi / PI & Associates.The company's voting result (opens in a new tab)

  1. APPOINTMENT AND PAYMENT OF REMUNERATION TO MR. VIKRAM VERMA VADAPALLI (DIN: 03631259), AS WHOLE TIME DIRECTOR OF THE COMPANY.
    Ordinary
    87.18% for12.82% against

    Against: promoters 0.00% · institutions 19.10% · other public 1.77%

    Turnout: all 85.66% · promoters 100.00% · institutions 89.58% · other public 1.90%

  2. APPOINTMENT OF MR. VINEET MITTAL (DIN-00058552), AS AN INDEPENDENT DIRECTOR OF THE COMPANY.
    Special
    98.45% for1.55% against

    Against: promoters 0.00% · institutions 2.31% · other public 1.56%

    Turnout: all 85.66% · promoters 100.00% · institutions 89.58% · other public 1.88%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 29 Nov 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. TO APPROVE THE APPOINTMENT OF MR. KARAMENDRA DAULET SINGH (DIN: 00110827), AS AN INDEPENDENT DIRECTOR OF THE COMPANY.
    Special
    98.37% for1.63% against

    Against: promoters 0.00% · institutions 2.43% · other public 0.30%

    Turnout: all 85.21% · promoters 100.00% · institutions 88.01% · other public 3.03%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 30 Aug 2024, 2 resolutions

The company's voting result (opens in a new tab)

  1. To approve the appointment of Mr. Pradip Manilal Kanakia (DIN: 00770347), as an Independent Director of the Company.
    Special
    95.82% for4.18% against

    Against: promoters 0.00% · institutions 6.52% · other public 0.58%

    Turnout: all 83.65% · promoters 100.00% · institutions 86.59% · other public 3.17%

  2. To consider and approve raising of capital through issuance of equity shares or other eligible convertible securities for an amount not exceeding INR 2,400 Crores.
    Special
    99.13% for0.87% against

    Against: promoters 0.00% · institutions 1.36% · other public 0.92%

    Turnout: all 83.65% · promoters 100.00% · institutions 86.59% · other public 3.17%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 28 Jun 2024, 5 resolutions

Present: 3 promoters and 119 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the audited Standalone nand Consolidated Financial Statements of the Company neach for the Financial Year ended on 31st March 2024 ntogether with the Reports of the Board of Directors and nAuditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 83.22% · promoters 100.00% · institutions 86.74% · other public 2.33%

  2. To declare final dividend of INR 1.53 (Indian one nrupee and fifty three paisa) per equity share of the Company nhaving face value of INR 10/- (Indian rupees ten only) each, nfor the Financial Year ended on 31st March 2024MoreLess
    Ordinary
    99.40% for0.60% against

    Against: promoters 0.00% · institutions 0.93% · other public 0.07%

    Turnout: all 83.23% · promoters 100.00% · institutions 86.76% · other public 2.33%

  3. To appoint Mr. Vivek Vikram Singh n(DIN: 07698495) as a director, liable to retire by rotation.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.03% · other public 0.14%

    Turnout: all 83.23% · promoters 100.00% · institutions 86.76% · other public 2.33%

  4. Continuation of Mr. Sunjay Kapur n(DIN: 00145529), as Non-Executive Director and Chairman nof the Company.
    Ordinary
    97.62% for2.38% against

    Against: promoters 0.00% · institutions 3.71% · other public 0.24%

    Turnout: all 83.18% · promoters 100.00% · institutions 86.68% · other public 2.33%

  5. Ratification of the remuneration of the Cost nAuditors of the Company for the Financial Year 2024-25.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.23%

    Turnout: all 83.22% · promoters 100.00% · institutions 86.74% · other public 2.33%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 15 Jul 2026, 13 fund houses so far (houses' deadline to file 15 Oct 2026)

  • Adoption of Audited Standalone & Consolidated Financial Statements and Reports of Board of Directors and Auditors thereon for the Financial Year ended on 31st March, 2026.
    13 for0 against
  • Declaration of final dividend of INR 1.80 (One Indian Rupee and Eighty Paisa only) per equity share of the Company having face value of INR 10/- (Rupees ten only) each, for the Financial Year ended on 31st March, 2026.MoreLess
    13 for0 against
  • Re-appointment of Mr. Vikram Verma Vadapalli (DIN: 03631259) as director, liable to retire by rotation.
    13 for0 against
  • To approve the payment of remuneration to Non-Executive Directors (including Independent and Non Independent Directors) of the Company.
    13 for0 against
  • Ratification of the remuneration of the Cost Auditors of the Company for the Financial Year 2026-27.
    13 for0 against

Mutual fund votes, meeting of 19 Dec 2025, 30 fund houses

  • TO CONSIDER AND APPROVE SONA BLW PRECISION FORGINGS LIMITED PERFORMANCE SHARE PLAN – 2025.
    Against Angel One Mutual Fund, Canara Robeco Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Invesco Mutual Fund, Jio BlackRock Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, Sundaram Mutual Fund, Unifi Mutual Fund
    • Angel One Mutual FundNomination & Remuneration Committee has absolute discretion to determine Exercise Period and Vesting Period.
    • Canara Robeco Mutual FundThe company is seeking shareholder approval for the Performance Share Plan 2025 (PSP 2025), under which up to 1.5 mn equity shares will be allotted to Vivek Vikram Singh, MD and Group CEO, at face value of Rs. 10.0 each, over five years. The PSP 2025 is linked to consolidated EBITDA growth. While we support performance-linked equity compensation in principle, the proposed PSP 2025 raises several governance concerns. The entire scheme has been created for a single individual – we do not support schemes that have a sharp distribution skew. Further, we understand that the current scheme has been created in addition to the stock options granted under the ESOP 2023 scheme, which are out-of-money at current share prices. We believe ESOPs are ‘pay at risk’ instruments requiring employees – more so the Managing Director – to bear both the upside and the downside of share price movements. We also raise concern regarding the material changes in remuneration structure approved by the Nomination and Remuneration Committee using the normal legal / operating flexibility built into the shareholder resolution to reappoint Vivek Vikram Singh in 2022: the board added a new commission component of 1% of profits, that will be lowered, if at all, only to keep the remuneration at 5% of profits. Such material changes without shareholder approval, temper investor confidence, and limit Sona BLW’s board’s ability to seek flexibility from investors in shareholder resolutions going forward. Vivek Vikram Singh’s compensation from Sona BLW, after the grants under PSP 2025 and the revision in remuneration structure, is expected to increase by over 60% from FY25 levels: the revised remuneration is high for the size and performance of the company. We note that there is an ongoing dispute about the ownership of the promoter shareholding and that there is greater need for management stability at this stage. Even so, given the governance concerns raised above, we do not support the resolution.
    • Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual FundNon-compliant with SEBI (SBEB & SE) Regulations, 2021: NRC has absolute discretion to determine Exercise Period and Vesting Period.
    • Invesco Mutual FundThe company is seeking shareholder approval for the Performance Share Plan 2025 (PSP 2025), under which up to 1.5 mn equity shares will be allotted to Vivek Vikram Singh, MD and Group CEO, at face value of Rs. 10.0 each, over five years. The PSP 2025 is linked to consolidated EBITDA growth. While we support performance-linked equity compensation in principle, the proposed PSP 2025 raises several governance concerns. The entire scheme has been created for a single individual – we do not support schemes that have a sharp distribution skew. Further, we understand that the current scheme has been created in addition to the stock options granted under the ESOP 2023 scheme, which are out-of-money at current share prices. We believe ESOPs are ‘pay at risk’ instruments requiring employees – more so the Managing Director – to bear both the upside and the downside of share price movements. We also raise concern regarding the material changes in remuneration structure approved by the Nomination and Remuneration Committee using the normal legal / operating flexibility built into the shareholder resolution to reappoint Vivek Vikram Singh in 2022: the board added a new commission component of 1% of profits, that will be lowered, if at all, only to keep the remuneration at 5% of profits. Such material changes without shareholder approval, temper investor confidence, and limit Sona BLW’s board’s ability to seek flexibility from investors in shareholder resolutions going forward. Vivek Vikram Singh’s compensation from Sona BLW, after the grants under PSP 2025 and the revision in remuneration structure, is expected to increase by over 60% from FY25 levels: the revised remuneration is high for the size and performance of the company. We note that there is an ongoing dispute about the ownership of the promoter shareholding and that there is greater need for management stability at this stage. Even so, given the governance concerns raised above, we do not support the resolution. This is in line with our ESG framework.
    • Jio BlackRock Mutual Fund, Sundaram Mutual Fund, Unifi Mutual FundThe company is seeking shareholder approval for the Performance Share Plan 2025 (PSP 2025), under which up to 1.5 mn equity shares will be allotted to Vivek Vikram Singh, MD and Group CEO, at face value of Rs. 10.0 each, over five years. The PSP 2025 is linked to consolidated EBITDA growth. While we support performance-linked equity compensation in principle, the proposed PSP 2025 raises several governance concerns. The entire scheme has been created for a single individual – we do not support schemes that have a sharp distribution skew. Further, we understand that the current scheme has been created to replace the stock options granted under the ESOP 2023 scheme, which are out-of-money at current share prices. We believe ESOPs are ‘pay at risk’ instruments requiring employees – more so the Managing Director – to bear both the upside and the downside of share price movements. We also raise concern regarding the material changes in remuneration structure approved by the Nomination and Remuneration Committee using the normal legal / operating flexibility built into the shareholder resolution to reappoint Vivek Vikram Singh in 2022: the board added a new commission component of 1% of profits, that will be lowered, if at all, only to keep the remuneration at 5% of profits. Such material changes without shareholder approval temper investor confidence, and limit Sona BLW’s board’s ability to seek any further flexibility from investors in shareholder resolutions going forward. Vivek Vikram Singh’s compensation from Sona BLW, after the grants under PSP 2025 and the revision in remuneration structure, is expected to increase by over 60% from FY25 levels: our benchmarking suggests that the revised remuneration is high for the size and performance of the company. Although the shareholder notice cites benchmarking across 11 companies, it does not disclose their names, preventing assessment of comparability. We note that there is an ongoing dispute about the ownership of the promoter shareholding and that there is greater need for management stability at this stage. Even so, given the governance concerns raised above, we do not support the resolution.
    • PGIM India Mutual FundVesting period and exercise period has not been mentioned
    20 for10 against
5 earlier meetings

Mutual fund votes, meeting of 25 Jul 2025, 26 fund houses

  • Adoption of Audited Standalone & Consolidated Financial Statements and Auditor’s Reports thereon for the Financial Year ended on 31st March, 2025.
    26 for0 against
  • Declaration of final dividend of INR 1.60 (One Indian rupee and sixty paise only) per equity share of the Company having face value of INR 10/- (Rupees ten only) each, for the Financial Year ended on 31st March, 2025.MoreLess
    26 for0 against
  • Re-appointment of Mr. Vivek Vikram Singh (DIN: 07698495) as director, liable to retire by rotation.
    26 for0 against
  • Re-appointment of Mrs. Shradha Suri (DIN:00176902), as an Independent Director of the Company.
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, Zerodha Mutual Fund
    • Angel One Mutual FundGovernance concern: Fixed remuneration to be paid to the proposed appointee. Such remuneration practices remove the link between directors’ performance and that of the Company.
    • Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, Zerodha Mutual FundCompliant with law. Governance concern: Fixed remuneration to be paid to the proposed appointee.
    18 for8 against
  • Re-appointment of Mr. Jeffrey Mark Overly (DIN:09041143), as an Independent Director of the Company.
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, Zerodha Mutual Fund
    • Angel One Mutual FundGovernance concern: Proposed term will lead to prolonged association.
    • Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, Zerodha Mutual FundNon-compliance as per Regulation 19(2) of SEBI LODR: Chairman of the Board and NRC. Governance concern: Proposed term will lead to prolonged association.
    • LIC Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. Governance concern: Proposed term will lead to prolonged association.
    18 for8 against
  • Appointment of Mrs. Priya Sachdev Kapur (DIN:02406685), as a Non-Executive Director of the Company.
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, Zerodha Mutual Fund
    • Angel One Mutual FundGovernance concern: Fixed remuneration to be paid to the proposed appointee. Such remuneration practices remove the link between directors’ performance and that of the Company.
    • Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, Zerodha Mutual FundCompliant with law. No concern on merit of the appointee. Governance concern: Fixed remuneration to be paid to proposed appointee.
    18 for8 against
  • Appointment of Secretarial Auditors of the Company and fixing their remuneration.
    26 for0 against
  • Ratification of the remuneration of the Cost Auditors of the Company for the Financial Year 2025-26.
    26 for0 against
  • Alteration of the Object Clause of the Memorandum of Association of the Company.
    26 for0 against

Mutual fund votes, meeting of 28 Feb 2025, 25 fund houses

  • APPOINTMENT AND PAYMENT OF REMUNERATION TO MR. VIKRAM VERMA VADAPALLI (DIN: 03631259), AS WHOLE TIME DIRECTOR OF THE COMPANY.
    Against Invesco Mutual Fund
    • Invesco Mutual FundVikram Verma Vadapalli, 64, is currently the CEO of Driveline business of the company. He has been associated with the Sona group for the last 35 years and with the company since 2007. He has completed his B. Tech in Mechanical Engineering from NIT, Surathkal. He is liable to retire by rotation. We estimate Vikram Verma Vadapalli’s fixed remuneration at Rs. 22.3 million. He was granted 702,000 stock options in FY24 under the ESOP Scheme 2023. The company has stated that there is no proposal currently to grant him additional options under ESOP Scheme 2023. However, there is no clarity on whether he could be granted stock options in the future, either from ESOP Scheme 2023 or from any other scheme in the future. Further the variable pay that can be paid to him is at the discretion of the NRC. In the absence of this, we are unable to estimate Vikram Verma Vadapalli’s proposed remuneration. The company should cap the variable pay in absolute amounts and disclose the quantum of stock options that he is eligible to receive over the remainder of his tenure thereby capping the overall remuneration in absolute terms. The company must also define the exact performance metrics that determine variable pay. While we support his appointment as Whole-time director and CEO – Drive business, due to the lack of adequate disclosures on the remuneration structure, we do not support the resolution.
    24 for1 against
  • APPOINTMENT OF MR. VINEET MITTAL (DIN-00058552), AS AN INDEPENDENT DIRECTOR OF THE COMPANY.
    Against Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual Fund, quant Mutual Fund, Zerodha Mutual Fund
    • Edelweiss Mutual FundFixed remuneration to director
    • Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual Fund, Zerodha Mutual FundCompliant with law. No concern on merit of the appointee. Governance concern: Fixed remuneration to be paid to proposed appointee.
    • quant Mutual FundCompliant with law. No concern on merit of the appointee. Governance concern: Fixed remuneration to be paid to proposed appointee. Fixed remuneration, especially when not nominal, must not be paid to any Independent Director, as such remuneration practices remove the link between directors’ performance and that of the Company. Such remuneration practice may give rise to conflict-of-interest situation, and therefore to maintain the independence and objectivity of the IDs, the Company should disclose the objective criteria used to decide their remuneration. And that the remuneration paid to IDs must be based on board related assignment and their individual performance.
    18 for7 against

Mutual fund votes, meeting of 29 Nov 2024, 24 fund houses

  • TO APPROVE THE APPOINTMENT OF MR. KARAMENDRA DAULET SINGH (DIN: 00110827), AS AN INDEPENDENT DIRECTOR OF THE COMPANY.
    Against Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual Fund, quant Mutual Fund, Zerodha Mutual Fund
    • Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual Fund, Zerodha Mutual FundCompliant with law. No concern on merit of the appointee. Governance concern: Fixed remuneration to be paid to proposed appointee.
    • quant Mutual FundRes 1 Vote: AGAINST Explanation: Compliant with law. No concern on merit of the appointee. Governance concern: Fixed remuneration to be paid to proposed appointee. Although, section 197(5) of the Companies Act, 2013 permits payment of fee other than sitting fee and profit based commission to directors, however, as a good governance practice, fixed remuneration must not be paid to any Independent Director, as such remuneration practices remove the link between directors’ performance and that of the Company. Such remuneration practice may give rise to conflict of interest situation, and therefore to maintain the independence and objectivity of the IDs, the Company should disclose the objective criteria used to decide their remuneration. And that the remuneration paid to IDs must be based on board related assignment and their individual performance.
    17 for7 against

Mutual fund votes, meeting of 30 Aug 2024, 19 fund houses

  • To approve the appointment of Mr. Pradip Manilal Kanakia (DIN: 00770347), as an Independent Director of the Company.
    Against Groww Mutual Fund, JM Financial Mutual Fund, Motilal Oswal Mutual Fund, Zerodha Mutual Fund
    • Groww Mutual Fund, JM Financial Mutual Fund, Motilal Oswal Mutual Fund, Zerodha Mutual FundCompliant with law. No concern on the merit of proposed appointee. Governance Concern: Fixed remuneration to be paid to proposed appointee.
    15 for4 against
  • To consider and approve raising of capital through issuance of equity shares or other eligible convertible securities for an amount not exceeding INR 2,400 Crores.
    Against Groww Mutual Fund, Motilal Oswal Mutual Fund, Zerodha Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual Fund, Zerodha Mutual FundCompliant with Law. Governance concern: Excessive dilution. No clarity regarding not opting for Rights Issue
    16 for3 against

Mutual fund votes, meeting of 28 Jun 2024, 21 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To consider and adopt the audited Standalone nand Consolidated Financial Statements of the Company neach for the Financial Year ended on 31st March 2024 ntogether with the Reports of the Board of Directors and nAuditors thereon.MoreLess
    19 for0 against
  • To declare final dividend of INR 1.53 (Indian one nrupee and fifty three paisa) per equity share of the Company nhaving face value of INR 10/- (Indian rupees ten only) each, nfor the Financial Year ended on 31st March 2024MoreLess
    21 for0 against
  • To appoint Mr. Vivek Vikram Singh n(DIN: 07698495) as a director, liable to retire by rotation.
    21 for0 against
  • Continuation of Mr. Sunjay Kapur n(DIN: 00145529), as Non-Executive Director and Chairman nof the Company.
    Against Groww Mutual Fund, JM Financial Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual Fund, Zerodha Mutual Fund
    • Groww Mutual Fund, JM Financial Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual FundCompliant with Law. Governance Concern: Remuneration is skewed in favour of Promoter Director.
    • Zerodha Mutual FundRemuneration is skewed in favour of promoter
    16 for5 against
  • Ratification of the remuneration of the Cost nAuditors of the Company for the Financial Year 2024-25.
    17 for0 against
3 proposals not matched to one resolution
  • 5) Ratify remuneration of Rs. 275,000 to Jayaram & Associates, as cost auditor for FY25.
    1 for0 against
  • Adoption of standalone and consolidated financial statements for the year ended 31 March 2024
    2 for0 against
  • Ratify remuneration of Rs. 275,000 to Jayaram & Associates, as cost auditor for FY25
    3 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Tax disputeOffice of The Commissioner of Customs, ChennaiSince 28 Sep 2020
    The writ petitions stand disposed of by the High Court. Consequently, miscellaneous petitions are closed.
    At the filing before: Writ Petition filed with the High Court, Madras The case is related to the period prior to the Amalgamation of Comstar Automotive Technologies Private Limited ("Transferor Company" or "Comstar") with Sona BLW Precision Forgings Limited ("Transferee Company" or "Company"), during which Comstar, a 100% EOU, availed an IGST refund of Rs. 28.19 Cr on exports made under various shipping bills in FY 2018-19 and FY 2019-20. The Department of Revenue Intelligence (DRI) alleged that the Company had simultaneously availed IGST exemption on imports while claiming export refunds. Further, a communication from the Commissioner of Customs stated that the refund was inadmissible under Rule 96(10) of the CGST Rules. The Company has filed a Writ Petition challenging the vires of Rule 96(10).MoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Sep 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.

RaisedAmount raisedForSet asideSpentSpent elsewhere
QIPSep 2024, checked by CRISIL Ratings Limited2,400.00Repayment / pre-payment, in full or in part, of certain outstanding borrowings825.00825.00No
QIPSep 2024, checked by CRISIL Ratings Limited2,400.00Payment of balance consideration in relation to the acquisition of Novelic71.5671.56No
QIPSep 2024, checked by CRISIL Ratings Limited2,400.00Pursue strategic investments and organic and inorganic growth opportunities840.00840.00No
QIPSep 2024, checked by CRISIL Ratings Limited2,400.00Purchase of fixed assets, including, equipment and machinery67.3067.30No
QIPSep 2024, checked by CRISIL Ratings Limited2,400.00General corporate purposes565.64565.64No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.