Sona BLW Precision Forgings (SONACOMS) — Voting Results

📢 Key Event
Shareholders to vote on EV business sale to Sona eDrive via postal ballot

🔄 What Changed
Approval sought for EV business transfer to subsidiary with cash and equity consideration

🔮 What's Next
None

💡 Investor Takeaway
Shareholders must approve the EV business sale, which will reduce the company's stake in Sona eDrive to 51% and involve sublease arrangements.

Sona BLW Precision Forgings Ltd (SONACOMS) seeks shareholder approval via postal ballot for a material related party transaction involving the sale of its Electric Vehicle Business to subsidiary Sona eDrive. The transaction includes a cash consideration of INR 8,575 million and equity shares valued at INR 8,932 million, with sublease premiums and rentals. Voting runs from September 4 to October 3, 2026, with results announced October 6. Shareholders must vote electronically via NSDL/CDSL platforms after registering their email addresses. The resolution requires ordinary resolution approval.

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About Sona BLW Precision Forgings Ltd (SONACOMS)

Automobile and Auto Components · Auto Ancillaries · Listed on BSE

Market Cap: ₹49,075.44 Cr P/E: 70.4 ROE: 11.5% ROCE: 15.2% Div Yield: 0.43%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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