Sona BLW Precision Forgings Allots 2.76 Lakh Shares Under ESOP, Increases Equity Capital

Gurugram, January 28, 2025 – Sona BLW Precision Forgings Limited (Sona Comstar) has announced the allotment of 2,75,850 equity shares under its Employee Stock Option Plan (ESOP) 2023 following the approval of the company’s Nomination and Remuneration Committee (NRC) during a meeting held on January 27, 2025.

Key Details of the Allotment​

• Shares Allotted: 2,75,850 equity shares with a face value of ₹10 each, fully paid up.
• Eligible Employees: Certain employees who exercised their vested options under the ESOP Plan.
• Pari Passu: The newly allotted shares will rank pari passu with existing equity shares regarding dividend entitlement and other rights.

Impact on Equity Capital​

Post-allotment, the company’s issued and paid-up equity share capital has increased:

• From: ₹621.44 crore, consisting of 62,14,42,125 equity shares.
• To: ₹621.71 crore, consisting of 62,17,17,975 equity shares.

Significance​

The ESOP allotment underscores Sona Comstar’s commitment to rewarding its employees and fostering a sense of ownership. With this increase in equity capital, the company continues strengthening its alignment with shareholder value creation.