**Sona Comstar Family Trust Ownership Revealed After Chairman’s Death**
The question of who controls the family trust behind Sona Comstar’s promoter company has been answered following the passing of chairman Sunjay Kapur. Priya Sachdev Kapur and her son Azarias, the late industrialist’s wife and son, have been identified as the significant beneficial owners of Aureus Investment Pvt. Ltd, which holds a 28% stake in Sona Comstar. This revelation came after Aureus informed the Union Ministry of Corporate Affairs (MCA) that the ownership of the RK Family Trust and Raghuvanshi Investment, which together own 92% of Aureus, is held by them.
This development poses a setback for Rani Kapur, Sunjay’s mother, who has raised concerns regarding board appointments at Sona Comstar on behalf of Aureus. She previously attempted to postpone the company’s annual general meeting, where Priya was appointed as a non-executive director with overwhelming support. Rani Kapur alleged that she was pressured into signing documents without fully understanding their contents following her son’s death. However, Sona Comstar has countered these claims, asserting that Rani has not held any direct or indirect shares in the company since at least 2019.
Aureus, which is valued at nearly ₹8,000 crore, is the largest shareholder in Sona Comstar, formerly known as Sona BLW Precision Forgings. The ownership structure reveals that the RK Family Trust owns 65% of Aureus, while Raghuvanshi Investment holds 27%. Additionally, the RK Family Trust has a 48% stake in Raghuvanshi, with Aureus owning 39%. This intricate ownership structure indicates that the family members controlling the RK Family Trust ultimately own the key promoter entity of Sona Comstar.
In response to inquiries, Aureus confirmed that Priya S. Kapur, along with Azarias, Samaira, and Kiaan Kapur, are the significant beneficial owners of the companies and the RK Family Trust. Notably, Rani Kapur is not recognized as a beneficiary owner of the trust. Samaira and Kiaan are Sunjay’s children from his previous marriage to Karisma Kapoor, although their names have not yet appeared in official filings by Aureus.
Since 2019, Sunjay Kapur was the sole beneficiary of the RK Family Trust. Following his death on June 12, the identity of the new beneficiary owner was uncertain. Confusion arose when Sona Comstar’s MD and Group CEO, Vivek Vikram Singh, stated that the company was unaware of the beneficiary owner of the RK Family Trust after Sunjay’s passing. However, just two days later, Aureus was informed of the new beneficial owners.
**FAQ**
**Who are the current beneficial owners of the RK Family Trust?**
The current beneficial owners of the RK Family Trust are Priya Sachdev Kapur, Azarias Kapur, Samaira Kapur, and Kiaan Kapur, following the death of Sunjay Kapur.
