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Former Sona COMSTER chairman Sanjay Kapoor died on June 12 in UK due to a heart attack. Sanjay was 53 years old.
Family disputes in Gurugram based company Sona COMSTER, which produce auto components, can now reach the court. Former company chairman Sanjay Kapoor died in UK due to a heart attack.
After this, on July 24, his mother and former chairperson of the company, Rani Kapoor, made many serious allegations by writing a letter to the market regulator SEBI. She says that after the death of the son, when she was in shock, she was forcefully signed on many documents.
Rani said that some people are trying to grab the heritage of the Kapoor family. Rani also said that she has not agreed to appoint anyone in the company’s board or any company of the gold group.
What is the whole matter?
Sanjay’s father started the company
The company was launched by his father Surinder Kapoor, whose current valuation is about 30 thousand crores. The Kapoor family holds 28.02% (about Rs 8,400 crore) in gold comstar via the Andeus Investment Private Limited.
Rani Kapoor’s claim- I biggest shareholder
Rani Kapoor claims that her husband Surinder Kapoor formed a will in 2015, on the basis of which she is the largest shareholder of the gold group. But in the AGM held on Friday (July 25), Sanjay Kapoor’s wife Priya Sachdev Kapoor was appointed as a non -executive director with 99.4% of the votes.
On this, Rani Kapoor wrote a letter to SEBI and said that illegal activities are happening in the company and appointments in the board are being done without their information or consent.
The company said- Rani is not a shareholder since 2019
Rani Kapoor had demanded a postponement of the company’s annual general meeting (AGM), but the company turned down their demand. The company said that Rani Kapoor is not a shareholder of the company since 2019, so there is no question of obeying her demand.
The company said, in May 2019, the company received an announcement, in which Sanjay Kapoor was described as the only beneficial owner of the RK Family Trust, which is the major shareholder of the Aurious Investments Private Limited.
No document was signed with queen
Sona Comstar said that the AGM was completely according to the law and regulatory timeline. The company dismissed the charge of signing the document under the pressure of Rani Kapoor and said that no document was signed with the queen after Sanjay Kapoor’s death.
On the appointment of Priya Sachdev Kapoor, the company said that the company’s non -executive director has been made on the basis of nomination of viaus investment Private Limited.
Now what next?
This family and corporate dispute is now on the verge of reaching the court. According to media reports, Rani Kapoor may file a petition in the High Court next week, in which she will raise the issue of declaring herself as a shareholder of the company and preventing voting in AGM.
In addition, she can file a complaint accusing the National Company Law Tribunal (NCLT) alleging misminent and harassment in the company. However, Rani Kapoor’s lawyer Vaibhav Gaggar has just refused to initiate legal action.
