Just a month after Sona Comstar chairperson Sunjay Kapur died in London, a family dispute has erupted over the inheritance of one of India’s leading auto component makers.Citing a 2015 will, Sunjay’s mother Rani Kapur has claimed to be the sole beneficiary of the estate of her late husband and company founder Surinder Kapur. In a letter to the Sona Comstar board, she further claimed that she was coerced into signing certain documents without revealing their content by individuals she did not name.In her 24 July letter, Rani Kapur called for deferring the company’s annual general meeting (AGM) scheduled for the next day. She expressed concern that certain individuals would be appointed to the Sona Comstar board as nominees of the Kapur family without her consent.New appointmentHowever, the AGM was held, where Priya Sachdev Kapur, wife of late Sunjay Kapur, was appointed non-executive director.Rani Kapur’s letter said her son had died “under highly suspicious and unexplained circumstances”, and while she was in mourning, “some people have chosen this as an opportune time to wrest control and usurp the family legacy”. Mint has seen a copy of the letter.In a press statement, Sona Comstar, officially called Sona BLW Precision Forgings Ltd, acknowledged receiving the letter. The company said it chose to proceed with the AGM based on legal advice received. It also pointed out that Rani Kapur was not a shareholder of the company.AureusAt stake is the 28.02% promoter shareholding in Sona BLW, which was worth nearly ₹8,200 crore as of Friday.Other than Priya Sachdev Kapur, no new appointments were made at the AGM. Vivek Vikram Singh, CEO and MD; Shradha Suri, an independent director; and Jeffrey Mark Overly, independent director and chairperson, were re-appointed.The company said Priya was nominated by Sona Comstar’s promoter company Aureus Investments Pvt. Ltd, which holds a 28.02% stake. Aureus’ directors include Sunjay Kapur, Dinesh Kumar Agarwal, and Priya Kapur, who was appointed due to a casual vacancy arising, as per company information website Tofler.The Sona Comstar statement pointed to a May 2019 declaration identifying Sunjay Kapur as the sole beneficial owner of RK Family Trust, a significant shareholder of Aureus. As per company records, Mrs. Rani Kapur has not been a shareholder of the company at least since 2019, it added.Also Read | 5 explosive charges Sunjay Kapur’s mother made in letter to Sona ComstarSona statement“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,” Sona Comstar added.A spokesperson said the company’s stance was made clear in its press statement. Mint could not reach Rani Kapur and Priya Kapur for comment. Amid the developments of the day, Sona Comstar’s shares fell 4% as against a 1% fall in Nifty Auto. The stock has lost a tenth since Kapur’s demise.Vaibhav Gaggar, Rani Kapur’s lawyer, disputed comp in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. 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A conflict for control has emerged at Sona Comstar following the passing of its chairperson. The value involved is more than ₹8,200 crore in promoter equity.
