Succession Battle in Sona Comstar Promoter Family

NEW DELHI: A dramatic succession battle has emerged within the family of the late Sunjay Kapur, promoter of Sona Comstar, following his untimely death last month. The controversy centers around the appointment of Priya Sachdev Kapur, Sunjay's wife, as a non-executive director during the company's AGM.

Allegations of Suspicious Circumstances

Sunjay's mother, Rani Kapur, has raised serious concerns about the circumstances surrounding her son's death, describing them as "highly suspicious and unexplained." She sought to defer the AGM, questioning the timing and motives behind Priya's appointment to the board.

Company's Stance on Governance

Sona Comstar, in response, denied any misconduct, stating that Priya's appointment was duly approved by the nomination and remuneration committee. The company emphasized its commitment to corporate governance and transparency, noting that Rani Kapur is not a shareholder and thus had no standing to defer the AGM.

Legal and Family Disputes

The dispute highlights the complexities of family-owned businesses, with Rani claiming rights as the sole beneficiary of her late husband's estate, while the company asserts its decisions were made in compliance with legal and regulatory frameworks.