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Sona BLW Precision Forgings Ltd - 543300 - Clarification On News Item Appearing In 'Media/Publication

 This is in reference to your mail dated 18th August, 2022 on the captioned subject matter. We would like to submit that the Company was not involved in such negotiations. The Company has complied all the requirements of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, SEBI (Prohibition of Insider Trading) Regulations, 2015 and other applicable laws, if any. As per regulations 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, the necessary disclosure was already made by M/s Singapore VII Topco III Pte. Ltd to the Stock Exchanges today on 18th August, 2022, attached here with the screenshot of the disclosure available on the website of NSE. Further, the Company maintained the highest standard of corporate governance and will make all necessary disclosure as required under the applicable laws as and when necessary.
18-08-2022

Blackstone sells 13.6% stake in auto component maker Sona BLW for Rs 4k cr

 Private equity firm Blackstone on Thursday divested 13.6 per cent stake in auto component maker Sona BLW Precision Forgings Ltd for over Rs 4,000 crore through open market transactions. The shares were picked up by the Government of Singapore and SBI Mutual Fund among others, bulk deal data with the BSE showed. Blackstone, which holds a stake in Sona BLW through an entity called Singapore VII Topco III PTE. Ltd, offloaded a total of 7.94 crore shares or 13.6 per cent stake in the company, the data showed. The stocks were sold on an average price of Rs 509.10 on the BSE, a discount of 5.6 per cent from Wednesday's closing price of Rs 539.10. At this price, the transaction size is aggregated to Rs 4,044 crore. As of June quarter, Blackstone, which is one of the promoters of Sona BLW, owned 19.93 crore shares, amounting to 34.12 per cent stake in the company, shareholding pattern with the BSE showed. Following the transaction, Sona BLW share dropped 4 per cent to settle the trade at
18-08-2022
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Sona BLW Precision Forgings Ltd - 543300 - Clarification sought from Sona BLW Precision Forgings Ltd

 The Exchange has sought clarification from Sona BLW Precision Forgings Ltd with reference to the media report appeared in https://www.bqprime.com dated August 17, 2022 (Link : https://www.bqprime.com/markets/blackstone-to-sell-up-to-rs-3972-crore-stake-in-sona-blw-precision) quoting "Blackstone To Sell Up To Rs 3,972-Crore Stake In Sona BLW Precision"The reply is awaited.
18-08-2022
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Sona BLW Precision Forgings Ltd - 543300 - Announcement under Regulation 30 (LODR)-Press Release / Media Release

 Sona Comstar Partners with Drive TLV, an Innovation Hub Focused on Smart Mobility Solutions
17-08-2022
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Sona BLW Precision Forgings Ltd - 543300 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript

 Q1 FY23 Earnings Conference Call Transcript July 28, 2022
03-08-2022

EV growth, market share gains positive for auto component maker, Sona BLW

 Margins could improve given softening commodity prices
01-08-2022
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Sona BLW Precision Forgings Ltd - 543300 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

 Recording of Investor Call pertaining to Financial Results Q1
29-07-2022
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Sona BLW Precision Forgings Ltd - 543300 - Announcement under Regulation 30 (LODR)-Newspaper Publication

 Dear Sir / Madam, Pursuant to Regulation 47 and other applicable regulations, if any of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, please find enclosed copies of the newspaper advertisement pertaining to financial results of the Company for the quarter ended on 30th June, 2022. The advertisements were published in Business Standard, English and Hindi newspapers today. The copy is enclosed herewith.
29-07-2022
Bigul

Results Earnings Call for Q1FY23 of Sona BLW Precision Forgings (Sona Comstar)

 Conference Call with Sona BLW Precision Forgings Management and Analysts on Q1FY23 Performance and Outlook. Watch the full earnings transcript.
29-07-2022
Bigul

Q1FY23 Quarterly Result Announced for Sona BLW Precision Forgings Ltd.

 Auto Parts & Equipment firm Sona BLW Precision Forgings Announced Q1FY23 Result : Revenue grows 18% YoY, BEV Revenue grows 68% YoY, BEV Revenue share of 29% EBITDA margin at 24.2%, PAT grows 5% YoY, RoCE of 29% Won six new BEV programs; net order book increased 10% QoQ to INR 205bn Revenue of Rs. 589 crores with 18% YoY growth; highest revenue ever in a quarter 29% revenue share from Battery Electric Vehicles (BEV), BEV revenue growth of 68% YoY EBITDA of Rs. 143 crores with an EBITDA margin of 24.2% PAT of Rs. 76 crores with 5% YoY growth The net order book increased to Rs. 20,500 crores from Rs. 18,600 crores as of March 31st, 2022 Commenting on the performance, Mr Vivek Vikram Singh, MD & Group CEO, said: "The global automotive markets remained challenging as light vehicle sales declined 17% due to the supply side disruptions. Our revenue grew 18% y-o-y in the first quarter, driven by the rapid scale-up of revenue from BEV programs, which are higher by 68% y-o-y, representing 29% of overall revenues. Our EBITDA growth was lower at 3% due to further increase in the material and power costs during last quarter. We are seeing margin pressure beginning to ease off during the current quarter, and we hope this reversal in inflation continues. We have continued to progress on all our key strategic priorities. Q1 FY23 was our second-best quarter ever for business development, led by significant new EV program wins for final drive differential assemblies and traction motors from large OEMs. With six new BEV program wins, our net order book grew 10% to Rs. 20,500 crores, of which EVs now contribute two-thirds." Result PDF
28-07-2022
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