On June 16, 2026, Sona BLW Precision Forgings Ltd. (Sona Comstar) announced significant decisions from its board meeting, including a ₹62.6 crore capex approval for a new robotics business line and key management changes, as per the exchange filings.
The board of Sona Comstar has approved a capital expenditure of ₹62.6 crore to venture into the manufacturing of components and systems for the advanced robotics industry. This strategic move aims to expand the company's market reach beyond the automotive sector.
The investment in the robotics sector is expected to open new market opportunities and broaden Sona Comstar's product portfolio. The company aims to create long-term growth prospects by diversifying its business operations.
The board accepted the resignations of Ms. Suman Poddar as Company Secretary and Mr. Arjun Singh as Compliance Officer, effective from June 16, 2026.
Mr. Pankaj Gupta will assume the roles of Senior Vice President (Legal), Company Secretary, and Compliance Officer from June 17, 2026. He is a seasoned legal, governance, secretarial and compliance leader with over 27 years of experience across listed Indian groups and MNCs in manufacturing and automotive ecosystems.
His expertise spans M&A execution, capital markets transactions, FEMA and cross-border structuring, enterprise-wide compliance architecture, ESG oversight and board governance.
As of June 17, 2026, at 10:17 AM, Sona BLW Precision Forgings share price on NSE was trading at ₹603.55, up by 0.82% from the previous closing price.
Sona Comstar's board has approved a ₹62.6 crore Capex for robotics, marking a strategic shift towards diversification. The company also announced key management changes, with Mr. Pankaj Gupta taking on significant roles from June 17, 2026.
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Published on: Jun 17, 2026, 12:07 PM IST
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