Sona BLW Precision Forgings Limited (SONACOMS)
Outcome of Board Meeting and intimation under Reg 30 of SEBI (LODR) Regulations, 2015
Outcome of Board Meeting
- Approved slump sale of EV Business to wholly owned subsidiary Sona eDrive for INR 8,932 million, partly cash INR 8,575 million and partly equity shares
- Sona eDrive to form JV with DENSO Corporation, Japan; post-investment shareholding: Company 51%, DENSO 49%
- Approved incorporation of JV2 with DENSO for liquid-cooled EV components; shareholding: DENSO 51%, Company 49%, investment INR 535 million
- Reconstituted Audit Committee with addition of Mrs. Priya Sachdev Kapur
- Transactions subject to customary approvals and conditions precedent
Source: Original filing PDF
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Revenue: ₹2,35,800 Cr (+12% YoY)
PAT: ₹19,200 Cr (+17% YoY)
EBITDA margin: 16.8%
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