Sunjay Kapoor’s company Sona BLW Precision Forgings said on Friday that it went ahead with its Annual General Meeting (AGM) with full regulatory compliance despite his mother Rani Kapur’s request for postponement as she is not a shareholder of the company.
This comes after Rani Kapur, who is the former chairperson of the Sona group, wrote to the company on Thursday and requested to postpone the AGM, scheduled for Friday. In the letter, she made several allegations including that she was “forced to sign documents behind locked doors”. She also said that she was kept in the dark about details of her son’s death and that while the family is in mourning, some people are using this time as an opportunity to take control and usurp family legacy.
“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,” she wrote in the letter.
Refuting these claims, the company said, “For clarity, the Company confirms that no documents have been signed or obtained from Mrs. Rani Kapur by the Company following the passing of Mr. Sunjay Kapur.”
Sunjay Kapoor died on June 12 this year in the UK, reportedly due to a heart attack. His mother, in the letter, said that his death happened in “highly suspicious and unexplained circumstances” and added that she has not officially nominated anyone to be on board of Sona Comstar.
“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,” she said.
“Please postpone this AGM for at least two weeks to be held on a mutually convenient date, so that I may gather all necessary information,” she added.
Mother Rani Kapur ‘not a shareholder’
Rani Kapur also said that according to the will dated June 30, 2015, executed by her late husband Surinder Kapur, she is the sole beneficiary of his estate which makes her a majority shareholder of the Sona Group, including the auto components firm.
However, Sona BLW Precision Forgings (Sona Comstar) refuted this claim and said in a regulatory filing that since 2019, she has not been a shareholder of the company.
“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),” it noted.
As per the company’s AGM notice, they passed an ordinary resolution appointing Sunjay Kapur’s wife Priya Sachdev Kapur as a Non-Executive Director of the company.