Sona BLW Precision Forgings Limited has initiated a postal ballot process to seek shareholder approval for material related party transactions involving its subsidiary, Sona Comstar E-Drive Private Limited. The company dispatched the notice electronically on September 3, 2026, to members registered as of the cut-off date, August 28, 2026.

The resolution aims to ratify the specific arrangements between the listed entity and its unlisted subsidiary. Shareholders holding shares in physical or dematerialized form on the cut-off date are eligible to cast their votes through the remote e-voting facility provided by National Securities Depository Limited (NSDL).

Voting Timeline and Process

The remote e-voting period commenced on September 4, 2026, at 9:00 am and will conclude on October 3, 2026, at 5:00 pm. The e-voting module will be disabled immediately after the deadline, and no further votes will be accepted.

Members who have not registered their email addresses with their respective depository participants are advised to do so to receive future communications. Those who acquired shares after the dispatch of the notice but held them on the cut-off date can obtain login credentials by contacting NSDL.

Scrutiny and Results

The Board of Directors has appointed Ms. Ayushi Jain, Proprietor of Ayushi J & Associates, as the scrutinizer to oversee the voting process. The scrutinizer will ensure a fair and transparent procedure and submit a report to the Chairman upon completion.

The results of the postal ballot will be announced within two working days from the conclusion of the e-voting period. The final outcome, along with the scrutinizer's report, will be filed with the stock exchanges and made available on the company's website.

Sona BLW Precision Forgings Limited faces a tax liability after receiving a Goods and Services Tax (GST) order demanding the reversal of Input Tax Credit aggregating to INR 2,15,03,832 along with a penalty of INR 21,05,192. The company disclosed the receipt of the order on August 7, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Management has stated that based on a preliminary assessment, no material adverse financial or operational impact is expected.

The order was issued by the Joint Commissioner of Central Tax from the Office of the Commissioner of GST & Central Excise, Chennai. Dated July 31, 2026, the directive was received by the company on August 6, 2026, at 8:25 p.m. (IST). The demand arises under section 73(9) read with section 122(2)(a) of the Central Goods and Services Tax (CGST)/TNGST Act 2017.

Details of the GST Order

The regulatory filing provides specific details regarding the nature of the action taken and the alleged violations:

The core allegation involves the non-reversal of Input Tax Credit claimed in respect of excess GST charged by certain suppliers during the period from April 2022 to March 2024. The order mandates both the recovery of the credit amount including applicable interest and the imposition of the specified penalty.

Company Response and Next Steps

Sona BLW Precision Forgings Limited is currently evaluating the order. The company proposes to avail appropriate legal remedies, which includes filing an appeal against the decision. In its disclosure, the firm emphasized that the preliminary assessment indicates no material adverse impact on its financials or operations. Pankaj Gupta, Senior Vice President (Legal), Company Secretary and Compliance Officer, signed the disclosure submitted to BSE Ltd. and National Stock Exchange of India Ltd.