Latest news with #29thAnnualGeneralMeeting
Economic Times
4 days ago
- Business
- Economic Times
Sona Comstar says Rani Kapur not a shareholder; confirms rejecting her request to postpone AGM
Auto components major Sona BLW Precision Forgings Ltd (Sona Comstar) on Friday said it did not defer its Annual General Meeting despite an email request from Rani Kapur, former Chairperson of the co and widow of late industrialist Dr Surinder Kapur, clarifying that she is not a shareholder of the company and that the AGM was held as scheduled in full compliance with the law.'Based on the legal counsel and the fact that Mrs. Kapur is not a shareholder of the Company, the Company concluded that it could not defer the AGM,' the company informed the exchanges after going ahead with its AGM. The company said it received an email from Rani Kapur late on July 24, 2025, requesting a deferment of the AGM that was scheduled for the following day. It added that the request was carefully reviewed, and legal advice was sought before arriving at a decision.'Late on 24 July 2025, an email was received from Mrs. Rani Kapur requesting a deferment of the AGM. Given our respect for Mrs. Kapur, the Company sought urgent legal advice from one of India's most reputed law firms in relation to the legality of proceeding with the AGM of the Company.' Also read: Sona BLW Precision holds AGM despite Rani Kapur's objection and questions on son Sunjay's 'suspicious' death Sona Comstar, which has been a publicly listed company since June 2021, noted that 71.98% of its shareholding is with the public, while the remaining 28.02% is held by its corporate promoter, Aureus Investments Private Limited (AIPL). The company said that in May 2019, it had received a declaration of significant beneficial ownership that identified the late Sunjay Kapur as the sole beneficial owner of the RK Family Trust, a significant shareholder in AIPL. It added that, as per its records, 'Mrs. Rani Kapur has not been a shareholder of the Company at least since 2019.' ET Online had earlier reported that Rani Kapur had written to the company's Board and shareholders requesting a deferment of the 29th Annual General Meeting of Sona Comstar. In her communication, Kapur cited the 'deep mourning' period following the death of her son, Sunjay Kapur, on June 12 in the United Kingdom, and urged the company to postpone the meeting. She described the circumstances surrounding his death as 'sudden and suspicious' and alleged that no formal explanation or documentation had been shared with also alleged that she was made to sign several documents in a vulnerable state after her son's passing, without being informed of their content. 'The contents of such documents have never been revealed to me,' she wrote, adding that these documents were 'executed by me under coercion and duress… at a time of mental and emotional vulnerability," Kapur said in the letter accessed by ET Online. She raised objections to recent developments within the company's leadership, claiming that Board appointments were being pursued without her knowledge or consent. 'I have not given any consent or officially nominated any person to come on the Board... or represent me in any capacity,' she stated. Also read: Sunjay Kapur's death 'suspicious', compelled to sign documents: Rani Kapur has a lot to say in this letter to Sona Comstar board Kapur further called for a two-week deferment of the AGM, citing inadequate transparency and saying the proposed resolutions 'could have long-term implications.' Her legal representative, Senior Advocate Vaibhav Gaggar, confirmed the contents of her letter to ANI and said she was not initiating legal proceedings at the moment but was seeking a pause in proceedings to ensure informed Kapur, Chairman of Sona Comstar and a prominent figure in Indian business circles, passed away in London on June 12, 2025. He reportedly suffered a heart attack while playing polo in the United final rites were conducted at the Lodhi Road Cremation Ground in New Delhi on June 19 in the presence of close family members and Kapur had previously been married to actor Karisma Kapoor, with whom he has two children—Samaira and Kiaan. The couple divorced in 2016. He later married Priya Sachdev, and the couple has a son named Azarias.
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Business Standard
5 days ago
- Entertainment
- Business Standard
Rani Kapur seeks Sona Comstar AGM delay, flags concerns over Sunjay's death
Rani Kapur, former chairperson of Sona Comstar and wife of late industrialist Dr Surinder Kapur, has written to the company's Board of Directors and shareholders demanding an immediate deferment of the 29th Annual General Meeting (AGM), scheduled for July 25. She cited the recent and sudden demise of her son, Sunjay Kapur, as a period of deep mourning for the family and an inappropriate time for crucial corporate decisions, reported news agency ANI. Sunjay Kapur, chairman of Sona Comstar and former husband of Bollywood actress Karisma Kapoor, reportedly died after suffering a heart attack while playing polo in London on June 12. Rani Kapur questions son Sunjay's death In a detailed letter, Rani Kapur questioned the circumstances of her son Sunjay Kapur's death, alleging it was being wrongly described as a simple cardiac arrest and calling the situation 'far more troubling' than reported. ANI quoted her legal counsel, senior advocate Vaibhav Gaggar as saying, 'For my client, as a mother, it's deeply painful to watch this being dismissed as a freak accident and cardiac arrest. The truth doesn't match the headlines. She would not stay silent until that truth is acknowledged,' Gaggar said. Alleges coercion, denial of access to key records Rani Kapur warns against unilateral board moves By her late husband's will, Rani Kapur is the sole beneficiary of his estate and the majority shareholder in the Sona Group. In her letter, she raised concerns about 'certain individuals' allegedly misrepresenting themselves as agents of the Kapur family and attempting to push board appointments without her knowledge or approval. She said, 'I have not given any consent or officially nominated any person to come on the Board or represent me in any capacity,' reported ANI. Calls for AGM delay, flags long-term impact of resolutions Kapur cautioned that the resolutions proposed for the AGM could carry long-term implications and emphasised that such decisions must not be taken without her involvement or full transparency. She requested the Board to defer the meeting by at least two weeks to allow time for a thorough review of all relevant matters. She further noted that any move to proceed without her participation would indicate a conscious decision detrimental to both the company and the family. A copy of her letter has also been sent to the Securities and Exchange Board of India (Sebi). Advocate Gaggar confirmed the contents of the letter to ANI and mentioned that while his client is not currently initiating legal proceedings, she reserves all her rights. He emphasised that the request to postpone the AGM was to ensure that all facts are considered and transparency is upheld before any key decisions are made.
Time of India
5 days ago
- Business
- Time of India
Sunjay Kapur's death 'suspicious', compelled to sign documents: Rani Kapur has a lot to say in this letter to Sona Comstar board
Rani Kapur , former Chairperson of Sona Comstar and widow of the company's founder Dr. Surinder Kapur , has written to the Board and shareholders requesting immediate postponement of the 29th Annual General Meeting (AGM), citing the 'suspicious' death of her son, businessman Sunjay Kapur , in the UK last month. In a letter, as accessed by ET Online, she alleged coercion, lack of transparency, and misuse of documents signed under duress during her period of mourning. Explore courses from Top Institutes in Please select course: Select a Course Category others Technology Cybersecurity Others MCA Leadership PGDM MBA Finance Degree Healthcare Data Analytics Data Science Management CXO Operations Management Product Management Public Policy Digital Marketing Project Management Data Science Design Thinking Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT - ISB Cybersecurity for Leaders Program India Starts on undefined Get Details Sona BLW shares were trading at Rs 478.00 a piece on the BSE, down 2.54% on Friday. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Beyond Text Generation: An AI Tool That Helps You Write Better Grammarly Install Now Undo Rani Kapur's full letter: I am, Rani Kapur, the former Chairperson of the Company and the wife of the Late Dr. Surinder Kapur, the Founder of Sona Comstar ('the Company') and the Sona Group. By virtue of the Will dated 30.06.2015 executed by my late husband, I am the sole beneficiary of his estate and accordingly, also a majority shareholder of the Sona Group including the Company. Live Events As you are aware, on 12.06.2025, my son Mr. Sunjay Kapur tragically passed away under highly suspicious and unexplained circumstances in the United Kingdom. Despite me seeking information, I have been unable to receive any relevant answers and documents explaining the incident and have been confined to the knowledge and version set out by the media. Also Read: Rani Kapur seeks postponement of Sona Comstar AGM; calls son Sunjay Kapur's death 'suspicious' Please take note that during the aforesaid period of grieving, I was approached multiple times and compelled to sign various documents without explanation or even having time to read and understand the same. Despite being under immense mental and emotional distress, I was coerced into signing such documents behind locked doors and though I've requested repeatedly, the contents of such documents have never been revealed to me. Please also take note that I have been totally denied access to my accounts and have been left to the mercy of a select few for survival. All this, in less than a month of my only son passing away. It is unfortunate that while the family and I are still in mourning, some people have chosen this as an opportune time to wrest control and usurp the family legacy. I have been informed by well-wishers that an Annual General Meeting (AGM) of Shareholders has been kept tomorrow, wherein one of the items is the passing of a resolution to appoint certain Director(s) in the Company as being the representative of the Kapur family. Unfortunately, once again, nothing has been told or explained, let alone discussed with me regarding the same by the Company or people involved. I've been informed that certain people are representing themselves as being the largest shareholders of the Company since they claim to represent the interest of the family in the Company. I am fully convinced that the documents which were executed by me under coercion and duress, post the demise of my son, at a time of mental and emotional vulnerability are being misused. For the record, I state that I have not given any consent or officially nominated any person to come on the Board of the Company or any other Sona Group Company after my son's demise or given any consent to any person to represent me in any capacity before the Company and or any other Sona Group Company.
Time of India
5 days ago
- Business
- Time of India
Rani Kapur seeks postponement of Sona Comstar AGM amid allegations of coercion, misrepresentation
Rani Kapur , the former Chairperson of Sona Comstar and wife of the late industrialist Dr Surinder Kapur, has written to the Board of Directors and shareholders of the company seeking immediate deferment of the 29th Annual General Meeting (AGM) scheduled for July 25. Rani Kapur is also the mother of the late Sanjay Kapur -a prominent businessman and former husband of Bollywood actress Karisma Kapoor. Explore courses from Top Institutes in Please select course: Select a Course Category Healthcare MBA Digital Marketing Technology healthcare Degree MCA Leadership PGDM Data Science Data Science Artificial Intelligence CXO Management Others Product Management Finance Design Thinking Cybersecurity Operations Management others Data Analytics Public Policy Project Management Skills you'll gain: Financial Analysis in Healthcare Financial Management & Investing Strategic Management in Healthcare Process Design & Analysis Duration: 12 Weeks Indian School of Business Certificate Program in Healthcare Management Starts on Jun 13, 2024 Get Details In her detailed letter, Kapur raised strong objections to the AGM being held amid what she described as a period of deep mourning for the family, following the sudden and suspicious death of her son, Sanjay Kapur, in the United Kingdom on June 12, 2025. She claimed that despite repeated efforts, she has not received any official explanation or documentation regarding the incident. By virtue of her late husband's will, Rani Kapur is the sole beneficiary of his estate and a majority shareholder in the Sona Group. She alleged that during her vulnerable state after her son's death, she was coerced into signing documents without explanation, and has since been denied access to accounts and crucial documents. "The contents of such documents have never been revealed to me," she wrote. She further alleged that certain individuals are misrepresenting themselves as representatives of the Kapur family to push appointments to the company's Board without her knowledge or consent. "I have not given any consent or officially nominated any person to come on the Board... or represent me in any capacity," she clarified. Live Events Rani Kapur claimed the proposed AGM includes resolutions that could have long-term implications and stressed that these decisions must not be made in her absence or without full transparency. She called for a deferment of at least two weeks to allow for proper information to be gathered and presented. Senior Advocate Vaibhav Gaggar, her legal counsel, confirmed the contents of the letter to ANI and stated that while Rani Kapur is not currently pursuing legal action, she has requested a postponement of the AGM to ensure that all facts are duly considered before any decisions are made. "If you choose to ignore this mail and move forward without conferring with me... I would be left with no other option but to assume that it was a conscious decision taken by you to the detriment of the company and the family," she warned in her letter. The communication has also been marked to the Securities and Exchange Board of India ( SEBI ). The developments have raised serious questions over transparency, succession, and control within one of India's leading automotive technology companies.
Mint
06-06-2025
- Business
- Mint
Tata Steel, JSW Energy to HDFC AMC: 5 stocks to trade ex-dividend today
Dividend Stocks: Tata Steel, JSW Energy, HDFC AMC, Container Corporation of India (CONCOR) and Bank of Baroda are among the five stocks that will trade ex-dividend today. These companies had set June 6, 2025, as the record date for determining the list of eligible shareholders to receive the dividend. The record date implies that investors who wish to benefit from the dividend payout should have purchased their shares at least one day before the record date, as per the T+1 settlement procedure, for their names to be included in the list of eligible shareholders. Tata Steel Ltd: On May 12, Tata Steel had recommended a dividend of ₹ 3.60 per ordinary (Equity) share of face value ₹ 1/- each (360% dividend considering face value of share) to the shareholders of the company for FY 2024-25. JSW Energy: At its meeting on May 15, 2025, the Board of Directors had recommended that the company's shareholders receive a dividend of ₹ 2 per equity share of ₹ 10 (20%) each, which would be taken up for approval at the 31st Annual General Meeting ("AGM") on July 11, 2025. HDFC Asset Management Company Limited: The Board had recommended a final dividend of ₹ 90/-per equity share of ₹ 5/-each of the company, contingent on shareholder approval. If the shareholders approve, the dividend will be paid out within the allotted 30-day period following the date of the next Annual General Meeting (AGM). Container Corporation of India: For 2024–2025, the Board of Container Corporation had announced a final dividend of ₹ 2 per equity share with a face value of ₹ 5 each (40% dividend considering face value of shares). The shareholders must approve the aforementioned final dividend of ₹ 2 (40%) per equity share before it is paid out. Bank of Baroda: Bank of Baroda had recommended that, subject to approval at the next 29th Annual General Meeting, each equity share (face value of ₹ 2 each fully paid up) receive a dividend of ₹ 8.35 (eight rupees thirty-five paisa) for FY 2024–2025.
