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Sona BLW Precision Forgings: Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements

This in furtherance of our earlier notification letter dated 15th July 2021.

We would like to inform you that the Company through its wholly owned subsidiary Sona Comstar eDrive Private Limited (Sona Comstar) has executed a Collaboration Agreement (Agreement) with IRP Nexus Group Ltd on 30th September 2021 through the initiative of International Center for Entrepreneurship and Technology (iCreate) Indias technology business incubation center to develop manufacture and supply a Magnet-less Drive Motor and the Matching Controller (System) for Performance Two-wheelers and Three-wheelers for the Global Market.

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