Sona BLW Precision Forgings Limited Initiates Postal Ballot to Approve Director Appointments

Gurugram, January 28, 2025 – Sona BLW Precision Forgings Limited (NSE: SONACOMS) has announced a postal ballot process to seek shareholder approval to appoint two directors. The resolutions will be voted on exclusively through e-voting, which opens on January 30, 2025, and closes on February 28, 2025.

Resolutions for Shareholder Approval​

1. Appointment of Mr. Vikram Verma Vadapalli as Whole-Time Director:
   • Term: 3 years (January 24, 2025, to January 23, 2028).
   • Remuneration:
     • Basic Salary: ₹1,008,571 per month.
     • Allowances: ₹403,428 (HRA) and ₹199,792 (flexible pay) monthly.
     • Perquisites: ₹148,500 monthly for vehicle maintenance, telecom, and other reimbursements.
     • Variable Pay: Linked to key performance indicators (KPIs) such as safety, order intake, and profitability.
   • Background: Mr. Verma has over 35 years of experience, contributing significantly to driveline and EV-focused innovations.
2. Appointment of Mr. Vineet Mittal as Independent Director:
   • Term: 5 years (January 24, 2025, to January 23, 2030).
   • Remuneration: ₹55,00,000 annually (excluding sitting fees).
   • Background: A Harvard alumnus and founder of Avaada Group, Mr. Mittal brings expertise in renewable energy, corporate governance, and risk management.

Voting Process​

• Eligibility: Shareholders as of the cut-off date, January 24, 2025.
• E-voting Period: January 30, 2025, to February 28, 2025.
• Platform: NSDL e-voting portal.

Strategic Rationale​

The appointments reflect Sona BLW’s focus on strengthening its leadership team and advancing its strategic goals in EV components and renewable energy partnerships. Both directors are expected to enhance the company’s governance and innovation capabilities.