A bitter family dispute has erupted at Sona BLW Precision Forgings Ltd. (Sona Comstar), with Rani Kapur, mother of the late chairman Sunjay Kapur, demanding a two-week postponement of the company’s Annual General Meeting (AGM) scheduled for July 25, 2025. In a letter to the board, shareholders, and the Securities and Exchange Board of India (SEBI), Rani Kapur alleged coercion, misuse of documents, and unauthorized attempts to appoint directors claiming to represent the Kapur family, sparking a 2.6% drop in Sona BLW shares on Thursday.

Rani Kapur, the majority shareholder through her late husband Dr. Surinder Kapur’s 2015 will, claimed she was pressured to sign documents without explanation during her mourning period following Sunjay’s “sudden and suspicious” death on June 12, 2025, in the UK, reportedly from a heart attack during a polo match at age 53. She stated, “I am fully convinced that the documents executed by me under coercion and duress, post the demise of my son, are being misused,” and denied consenting to any board appointments or family representation.

The AGM agenda included resolutions for director appointments, which Rani Kapur said were proposed without her approval. “No one has the right, unless nominated by me, to represent the Sona Group’s interest,” she wrote, warning that ignoring her request would constitute “mismanagement and breach of trust.” She also alleged being denied access to company accounts and critical information, describing herself as “left to the mercy of a select few.”

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Sunjay Kapur, former husband of actress Karisma Kapoor and later married to Priya Sachdev, left no Kapur family members on the board after his death. Priya Sachdev Kapur, recently appointed as an Additional Non-Executive Director, is reportedly attending the AGM, escalating tensions. Rani Kapur’s legal counsel, Vaibhav Gaggar, emphasized her role as the head of the Kapur family and Sona Group, noting “highly unsettling facts” surrounding Sunjay’s death, though no legal action is currently planned.

Sona Comstar, a leading auto components manufacturer, has seen its shares plummet 36% from a 52-week high of Rs 768.65, closing at Rs 475.85 on July 25. The board appointed Jeffrey Mark Overly as chairman on June 23, but the ongoing dispute raises concerns about governance and investor confidence.

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