Sona BLW Precision Forgings Limited , a leading automotive technology company, has announced a significant employee stock option (ESOP) grant under its Sona Employee Stock Option Plan 2023. The company's Nomination and Remuneration Committee approved the allocation of 6,30,000 stock options to eligible employees on October 27, 2025.

Key Details of the ESOP Grant

Vesting Schedule

The granted options will vest equally over a period of four years, with the vesting dates as follows:

1. First Vesting: October 27, 2026
2. Second Vesting: October 27, 2027
3. Third Vesting: October 27, 2028
4. Fourth Vesting: October 27, 2029

Exercise Details

Employees will have a maximum of three years from each vesting date to exercise their options. The exercise price of ₹478.70 per share represents the fair market value on the grant date.

Background

The Sona Employee Stock Option Plan 2023 was previously approved by shareholders in the Annual General Meeting held on July 19, 2023. This ESOP grant aligns with the company's strategy to attract, retain, and motivate key talent by providing them with an opportunity to participate in the company's growth and success.

Regulatory Compliance

Sona BLW Precision Forgings Limited has confirmed that the ESOP scheme is in compliance with the SEBI (Share Based Employee Benefits) Regulations, 2021. The details of the grant have been disclosed in accordance with the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.

This ESOP grant demonstrates Sona BLW Precision Forgings Limited's commitment to employee welfare and long-term value creation for both its workforce and shareholders.

Sona BLW Precision Forgings Ltd. (Sona Comstar), a global leader in mobility technology solutions, has announced a strategic partnership with NEURA Robotics GmbH. The collaboration aims to develop advanced technologies and introduce robots and humanoids to India and other markets, marking a significant step in the evolution of intelligent automation.

Partnership Details

The companies have signed a Memorandum of Understanding (MOU) to:

• Jointly develop advanced technologies, components, and sub-assemblies
• Industrialize robots and humanoids in India and other agreed-upon markets
• Combine Sona Comstar's engineering and manufacturing expertise with NEURA's cognitive robotics technologies

Strategic Importance

This partnership comes at a crucial time as the world enters a new era of intelligent automation, driven by:

• Rapid advancements in artificial intelligence
• Progress in advanced perception and control technologies
• Decreasing computing costs

The collaboration is expected to accelerate the adoption of robotics across factory floors and human-centric environments, transforming manufacturing and logistics industries globally.

Management Perspectives

Vivek Vikram Singh, MD & Group CEO of Sona Comstar, commented: "We are excited to partner with NEURA Robotics to drive the next wave of innovation in industrial and humanoid robotics. This collaboration aligns with our vision to expand beyond the automotive domain, into a broader mobility space, supporting the future of intelligent manufacturing and service industries."

David Reger, CEO and Founder of NEURA Robotics, stated: "The collaboration with Sona Comstar represents the convergence of two innovation leaders: one redefining mobility, the other reimagining intelligent robotics. Together, we will set new standards for innovation and scalability in one of the world's most dynamic markets."

About the Companies

This partnership between Sona Comstar and NEURA Robotics represents a significant step towards advancing robotics and automation technologies, with potential implications for various industries and the future of intelligent manufacturing.