Sona Comstar proposes performance share plan for MD & CEO

Sona BLW Precision Forgings has issued a Postal Ballot Notice to shareholders for a Special Resolution to approve the Sona BLW Precision Forgings Limited-Performance Share Plan – 2025 (PSP 2025). This plan, effective for five financial years from FY 2025-26 to FY 2029-30, proposes to allot up to 1,500,000 equity shares to Vivek Vikram Singh, the managing director and group chief executive. These shares, with a face value of INR 10, will be issued at face value based on consolidated EBIDTA growth targets in the previous year, and will have a one-year lock-in period from the date of allotment.

The PSP 2025 is designed to enhance Mr. Singh's compensation, following an industry benchmarking report that indicated his remuneration, at 0.57% of PAT, was among the lowest compared to an average of 2.91% for MDs and CEOs in comparable companies. The proposed remuneration package also includes a 15% increase in CTC for FY 2025-26, translating to INR 29.92 million in salary and INR 12.83 million in variable pay, plus an annual commission of 1% of consolidated PAT.

Shareholders registered as of the cut-off date, Friday, November 14, 2025, are eligible to vote via remote e-voting. The e-voting period commences on Thursday, November 20, 2025, at 09:00 A.M. (IST) and concludes on Friday, December 19, 2025, at 05:00 P.M. (IST). The results of the postal ballot will be announced within two working days of the e-voting conclusion.