Sona BLW Precision Forgings Ltd - 543300 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing schedule for the Institutional Investor Group Meetings. Sona BLW Precision Forgings Ltd - 543300 - Clarification On News Item Appearing In 'Media/Publication'
Dear Sir / Madam, We reference your query vide email dated August 30, 2021. This clarification is with reference to the news item reported by Economic Times and Business Standard dated 29th Aug 2021 that reported the talks of US electric vehicle maker Tesla with at least three Indian suppliers as part of its plan to enter the Indian market. In this connection, we would like to state that the Company is not engaged into any discussion with respect to supply of components to Tesla for its India plan. The Company is not aware of the source of this news information. The Company and the officials are not aware of any information that has not been announced to the Stock Exchanges and which could be the reason for movement in the trading. We wish to inform you that the Company has been regularly complying and disclosing all necessary information in a timely manner to the stock exchanges as per Regulation 30 of the SEBI (LODR) Regulation. 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 on August 30, 2021, with reference to news appeared in https://www.business-standard.com dated August 29, 2021 quoting "Elon Musk's Tesla in talks with 3 Indian firms for auto components"The reply is awaited.
Talks with Tesla sparks rally in 3 auto stocks
Global brokerage Nomura is bullish on Sona BLW Precision Forgings, also known as Sona Comstar. The scrip is trading about 75 per cent higher than its issue price of Rs 291. Sona BLW Precision Forgings Ltd - 543300 - Additional Information With Respect To The Notice Of The 25Th Annual General Meeting Of The Company Scheduled To Be Held On September 9, 2021 ('AGM Notice')
Further to our intimation to the stock exchanges dated August 27, 2021 on the captioned matter, the Company is furnishing following additional information in relation to Item No. 4 set out in the AGM Notice dated 6th August 2021, for the kind attention of the members of the Company: Item No. 4: To approve the payment of remuneration or compensation to Non-Executive Directors (including Independent Directors) of the Company As set out in resolution for Item No. 4 and the explanatory statement appended to the AGM Notice, the approval of the members of the Company is sought for payment of remuneration or compensation to the Non-Executive Directors (including Independent Directors) of the Company, not exceeding 3% of net profit of the Company, calculated in accordance with section 198 of the Act for each financial year, for a period of five financial years from 2021-2022. Sona BLW Precision Forgings Ltd - 543300 - 1. Declaration For Audit Report With Unmodified Opinion (Standalone Financial) For FY Ended On 31St March, 2021. 2. Statement On Impact Of Audit Qualification (Consolidated Financial) For FY Ended On 31St March, 2021.
This is reference of our letter dated 5th August, 2021 regarding submitted of the Audited Financial Results (Standalone & Consolidated) Financial Year ended on March 31, 2021 as good Corporate Governance, which were approved by the Board of Directors of the Company in their meeting held on 27th April, 2021, the Company hereby submit the followings: 1. Pursuant to Regulation 33(3) (d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Declaration is hereby given that the Statutory Auditors'' Report on the Annual Standalone Audited Financial Results for the Financial Year ended 31 March 2021 doesn't not contain any qualifications, reservations or adverse remarks. Audit Report for the said period carry with unmodified opinion. 2. Statement on Impact of Audit qualification for Consolidated Financial for FY ended on 31st March, 2021 attached as Annexure-A. This is for your information and record. Sona Comstar's Sunjay Kapur is new ACMA President
Shradha Suri Marwah, Chairperson and Managing Director, Subros Ltd, appointed Vice-President Sona BLW Precision Forgings Ltd - 543300 - Additional Information With Respect To The Notice Of The 25Th Annual General Meeting Of The Company Scheduled To Be Held On September 9, 2021 ('AGM Notice')
With reference to the captioned matter, the Company is furnishing following additional information in relation to Item No. 6 set out in the AGM Notice dated 6th August 2021, for the kind attention of the members of the Company: Item No. 6: To approve the Exit Return Incentive Plan(ERI)for theemployees of the Company by Singapore VII Topco III PTE. Ltd. As set out in the explanatory statementappended to the AGM Notice, onSeptember2, 2020, Singapore VII Topco III Pte. Ltd. (Singapore VII), being apromoter ofthe Company, adopted a plan - the 'Exit Return Incentive Plan' (ERI Plan) to reward certainidentified employees of the Company and/or its subsidiaries at the time when Singapore VII disposes all or part of its interests (direct or indirect) in the Company beyond certain identified thresholds (Disposition Event). Please note that no single employee will receive more than 20% of the total awards under the ERI Plan. In fact, thenumber of employees currently covered by the ERI Plan is 73. Sona BLW Precision Forgings Ltd - 543300 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Intimation of Schedule of Investors Meetings Sona BLW Precision Forgings Ltd - 543300 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Submission of Newspaper Clippings