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Sona Group has issued a cease-and-desist letter to Rani Kapur, mother of the late Chairman Sanjay Kapur, who passed away in June; Details
Sona Comstar
The high-profile Kapur family feud took a fresh turn on Monday as automotive parts manufacturer Sona Comstar, part of the Rs 30,000 crore Sona Group, issued a cease-and-desist letter to Rani Kapur — the mother of the late Chairman Sanjay Kapur, who passed away in London in June.
In the legal notice, Sona Comstar accused Rani Kapur of defaming the company and causing reputational damage. This comes days after she claimed to be the majority shareholder and alleged she had been “coerced” into signing documents supporting her daughter-in-law Priya Sachdev Kapur’s appointment as a non-executive director on the company’s board.
Rani Kapur and her advisors have not yet issued a response to the letter. Last week, she had sent an email demanding that Sona Comstar postpone its upcoming Annual General Meeting (AGM), citing concerns over how company affairs were being managed.
She alleged she was pressured into signing documents without fully understanding their contents and was not given adequate time to review them. Kapur also said that “well-wishers” had informed her of “gross illegalities” within the company’s operations. Furthermore, she claimed to be the sole beneficiary of her late husband Surinder Kapur’s estate — a man widely credited with pioneering India’s auto components industry — which, she said, includes a majority stake in the Sona Group.
In its response, Sona Comstar’s parent company, Sona BLW Precision Forgings Ltd., rejected her claims, stating that Rani Kapur has not been a shareholder since 2019 and, therefore, has no standing to interfere in company matters. The company emphasized that there was no requirement to defer the AGM.
Citing a declaration filed in May 2019, the company said Sanjay Kapur had been identified as the “sole beneficial owner” of the shares, and that Priya Sachdev Kapur was subsequently nominated to the board based on this ownership.
Sona BLW reiterated that the company is not a family-run business. In a statement issued Monday, it noted that 72% of its shares are held by institutional and public investors, while the promoter entity owns the remaining 28% — without any special rights or control.
Meanwhile, Rani Kapur told news agency ANI that she is still searching for answers about her son’s death. “I’m old now. I need closure before I go,” she said.
Sanjay Kapur, 53, died while playing polo in London on June 12. The official cause of death was recorded as cardiac arrest, though unconfirmed reports have suggested he may have suffered an anaphylactic shock.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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