Sona BLW Precision Forgings Ltd. has approved a capital expenditure of ₹622 million to expand its gear manufacturing capacity within its driveline business.
The decision was taken at the company’s board meeting held on 20 March 2026, based on recommendations from its capex committee.
The company currently has an installed capacity of 64.1 million gears. Capacity utilisation stands at around 80%, based on performance during the first 9 months of the financial year 2025-26. The utilisation level may vary depending on customer demand across segments.
As part of the approved plan, the company intends to add 4.1 million gears to its existing capacity. The additional capacity is expected to be operational by the financial year 2027-28.
The investment will be funded through a combination of internal accruals and debt. The expansion is to support anticipated demand and increasing production capacity in the normal course of business.
The board also took note of the resignation of Ajay Pratap Singh, Senior Vice President (Legal), Company Secretary and Compliance Officer. His resignation will be effective from the close of business hours on 15 April 2026.
The company has initiated steps to identify a replacement. In the interim, internal personnel have been assigned to handle compliance-related responsibilities.
The board approved the appointment of Suman Poddar as Company Secretary, effective 16 April 2026. She has over 16 years of experience in corporate secretarial functions, governance, and compliance, and has been with the company for more than 8 years.
Arjun Singh has been appointed Compliance Officer from the same date. He has over 9 years of experience in corporate and regulatory matters, including work related to capital markets and corporate restructuring.
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As of March 23, 2026, 12:21 pm, Sona BLW Precision Forgings Ltd share price stood at ₹489.20, a 3.37% decrease from the previous closing price.
The board meeting covered both operational and administrative matters. The approved capex and management changes show ongoing adjustments aligned with business requirements.
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Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 23, 2026, 2:40 PM IST
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