Sona Comstar AGM row: Company rejects late Sunjay Kapur’s mother Rani Kapur’s deferment plea, cites ‘not on record as shareholder since 2019’

Amid a brewing possession dispute at Sona BLW Precision Forgings (Sona Comstar) following the sudden dying of its chairman Sunjay Kapur, the corporate on Friday stated it went forward with its Annual General Meeting (AGM) in full compliance with authorized and regulatory necessities, regardless of a request for postponement by Rani Kapur, the mother of the late chairman.Mother alleges makes an attempt to ‘usurp’ legacyIn a letter dated July 24 addressed to the corporate’s board, Rani Kapur—former chairperson of the Sona Group and spouse of former chairman Surinder Kapur—alleged that whereas the household remains to be in mourning, “some people have chosen this as an opportune time to wrest control and usurp the family legacy.”She additional alleged that Sunjay Kapur’s dying within the UK final month occurred underneath “highly suspicious and unexplained circumstances” and said she had not consented to or nominated anybody to characterize the household on the board of Sona Comstar, PTI reported.“I have been informed by well-wishers that an AGM of shareholders has been kept wherein one of the items is the passing of a resolution to appoint certain directors in the company as being the representative of the Kapur family,” her letter learn.She claimed she was stored at the hours of darkness and requested the AGM be postponed by a minimum of two weeks. Rani Kapur additionally asserted that as the only real beneficiary of her late husband Surinder Kapur’s property—based mostly on a will dated June 30, 2015—she stays the bulk shareholder of the Sona Group, together with Sona Comstar.Company says Rani Kapur not a shareholder since 2019However, in a regulatory submitting, the corporate said that Rani Kapur has not been recorded as a shareholder of the corporate a minimum of since 2019. “In May 2019, the company received a declaration of significant beneficial ownership identifying Shri Sunjay Kapur as the sole beneficial owner of RK Family Trust, a significant shareholder of Aureus Investments Private Ltd (AIPL),” the submitting stated.Sona Comstar, which turned a public restricted firm in June 2021, stated 71.98% of its shares are actually publicly held, whereas the remaining 28.02% are with company promoter AIPL.The firm confirmed that it had obtained Rani Kapur’s e-mail late on July 24 requesting a deferment. After pressing authorized session and taking into consideration that she isn’t a shareholder, Sona Comstar concluded it couldn’t postpone the AGM.“The AGM was conducted on schedule, in full compliance with applicable laws and regulatory frameworks,” the corporate stated, quoted PTI.Priya Sachdev Kapur appointed to board, mother alleges lack of consentAmong the resolutions handed on the AGM was the appointment of Priya Sachdev Kapur—spouse of the late Sunjay Kapur—as a Non-Executive Director. She had been appointed as an Additional Director on June 23, 2025, based mostly on a nomination obtained from AIPL, and her appointment had been reviewed by the Board’s Nomination and Remuneration Committee.Rani Kapur, in her letter, additionally claimed that folks have been falsely presenting themselves as the “largest shareholders” by claiming to characterize the household’s curiosity. She reiterated that by advantage of the desire, she alone was entitled to that place.She additional alleged that she had been “compelled to sign various papers” throughout a fragile emotional state after her son’s dying, with out realizing their contents.Company denies acquiring any paperwork from Rani KapurResponding to this, the corporate stated: “For clarity, the company confirms that no documents have been signed or obtained from Rani Kapur by the company following the passing of Sunjay Kapur.”Sunjay Kapur handed away in London on June 12 whereas taking part in polo. On June 23, 2025, the board unanimously appointed Jeffery Mark Overly as Chairman.