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Sona BLW Precision Forgings Ltd. ( (IN:SONACOMS) ) has shared an announcement.
Sona BLW Precision Forgings Ltd. has announced the approval of a Performance Share Plan 2025 for its Managing Director and Group CEO, Mr. Vivek Vikram Singh, following a benchmarking study that revealed his compensation was below market standards. The plan aims to align his remuneration with industry benchmarks, incentivize enhanced performance, and reward his contributions to the company’s growth, which has seen a 31% increase in revenue and a 35% rise in profit after tax since his appointment in 2019.
More about Sona BLW Precision Forgings Ltd.
Sona BLW Precision Forgings Ltd. operates in the precision forging industry, specializing in the production of high-quality forged components. The company focuses on serving the automotive sector, providing critical components that contribute to the efficiency and performance of vehicles.
Average Trading Volume: 172,055
Technical Sentiment Signal: Sell
Current Market Cap: 302B INR
See more insights into SONACOMS stock on TipRanks’ Stock Analysis page.