Sona BLW Precision Forgings issues 1,70,747 equity shares under performance share plan

Yash Agarwal — Tue, 05 May 2026 13:07:36 +0000

Sona BLW Precision Forgings has announced the allotment of 1,70,747 equity shares to its Managing Director and Group CEO, Vivek Vikram Singh, under the Sona Performance Share Plan 2025. The shares, each with a face value of ₹10, were approved by the company’s Nomination and Remuneration Committee on 5th May 2026.

The allotment comes as part of the Performance Share Plan 2025, which was approved by the shareholders on 19th December 2025. The newly allotted shares will rank pari passu with the existing equity shares of the company, ensuring equal treatment in terms of dividend entitlement and other rights. These shares will be subject to a lock-in period of one year from the date of allotment.

Following this allotment, the issued and paid-up equity share capital of Sona BLW Precision Forgings has increased from ₹621.85 crore, consisting of 62,18,57,590 equity shares, to ₹622.02 crore, comprising 62,20,28,337 equity shares, each with a face value of ₹10.

This development is a part of the company’s ongoing efforts to align management incentives with shareholder interests and enhance corporate governance through transparent and equitable share distribution mechanisms.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Nomination and Remuneration Committee | Business Upturn

Sona BLW Precision Forgings issues 1,70,747 equity shares under performance share plan