Board Meeting16 Jun 2026, 09:50 pm
Sona BLW Approves ₹626M Capex for Robotics, Appoints New CS
AI Summary
Sona BLW Precision Forgings Ltd. announced key decisions from its board meeting held on June 16, 2026. The company approved a significant capital expenditure of INR 626 million for manufacturing components and systems for the robotics industry, marking an expansion into new end markets beyond automotive. Additionally, the board accepted the resignations of its Company Secretary, Ms. Suman Poddar, and Compliance Officer, Mr. Arjun Singh. Mr. Pankaj Gupta has been appointed as the new Senior Vice President (Legal), Company Secretary, and Compliance Officer, effective June 17, 2026.
Key Highlights
- Approved INR 626 million Capex for robotics components and systems.
- Expands business into advanced robotics and new end markets.
- Accepts resignations of Company Secretary and Compliance Officer.
- Appoints Mr. Pankaj Gupta as new Company Secretary and Compliance Officer.
- Diversifies product portfolio beyond the automotive sector.
Price Impact
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