Sona BLW Precision Forging to Elect New Chairman Following Sunjay Kapur's Passing
Sona BLW Precision Forgings will elect a new chairman following the unexpected passing of Sunjay Kapur. The company assures operational continuity under current MD and CEO Vivek Vikram Singh. No management changes are anticipated, focusing on a seamless transition at the board level while maintaining consistency in operations.
13Jun 25
Sona BLW Precision Forgings Shares Tumble 8% Following Chairman's Untimely Demise
Sona BLW Precision Forgings Ltd shares dropped over 8% after the unexpected death of its Chairman, Sunjay Kapur. The 53-year-old industry leader suffered a fatal heart attack during a polo match in England. Kapur was instrumental in expanding the company's global presence and served as the President of the Automotive Component Manufacturers Association (ACMA). The company now faces the challenge of ensuring a smooth leadership transition and maintaining its strategic direction in the automotive components market.
02May 25
Sona BLW Precision Forgings: Q4 Results Show Margin Pressure Amid EV Slowdown
Sona BLW Precision Forgings Ltd. announced Q4 FY23 results showing a 4% YoY revenue decline and 1% YoY EBITDA drop, attributed to the EV transition slowdown. The company faces near-term growth constraints including global tariff wars, weak macroeconomic conditions, and potential EV supply chain disruptions. Motilal Oswal maintains a 'Neutral' stance, citing expensive valuations with the stock trading at 49x FY26 and 44x FY27 estimated consolidated EPS.
30Apr 25
Sona BLW Precision Forgings Reports Q4 FY25 Results and Dividend
Sona BLW Precision Forgings Limited reported mixed Q4 FY25 results with a 10.07% increase in net profit to ₹1.64 billion, despite a 2.15% decrease in revenue to ₹8.65 billion. The EBITDA margin declined by 89 basis points to 27.17%. The company announced a final dividend of ₹1.60 per equity share, subject to shareholder approval. An exceptional item of ₹257.3 million was reported, impacting overall financial results.
30Apr 25
Sona BLW Extends Closing Date for Acquisition of Escorts Kubota's Railway Equipment Business
Sona BLW Precision Forgings Limited has extended the closing date for its acquisition of the Railways Equipment Business from Escorts Kubota Limited by one month, from May 1, 2025, to June 1, 2025. This extension, mutually agreed upon by both companies, was disclosed in a regulatory filing on April 29, 2025. The new closing date is subject to the completion of conditions precedent as specified in the Amended and Restated Business Transfer Agreement.
29Apr 25
Sona BLW Extends Closing Date for Acquisition of Escorts Kubota's Railway Equipment Business
Sona BLW Precision Forgings Limited has announced an extension of the closing date for its acquisition of Escorts Kubota Limited's Railways Equipment Business (RED) from May 1, 2025, to June 1, 2025. The extension was mutually agreed upon and is subject to the completion of specified conditions precedent. This update was disclosed in a regulatory filing dated April 29, 2025, in compliance with SEBI regulations.