Brand Makers
Dil Ka Jod Hai, Tootega Nahin
Sona Comstar AGM: Sunjay Kapur's mother Rani Kapur seeks deferment amid allegations of coercion
Rani Kapur has asked for the deferment of the AGM for two weeks to allow for proper information to be gathered.
"The current board of 9 members include two executive directors — both seasoned professionals with no affiliation to the Kapur family — and six independent directors with exemplary reputations and distinguished careers," the company stated. "The promoter entity holds no executive roles and has no involvement in day-to-day management or strategic control of the Company."
Late businessman Sunjay Kapur's mother Rani Kapur has sought the deferment of the annual general meeting of 'Sona Comstar', scheduled for Friday, 25 July. According to the media reports, Kapur objected to the AGM, saying it's a period of deep mourning for the family. She wrote an email alleging 'coercion, misuse of documents and attempts to usurp family legacy' amid vulnerable times.
Rani Kapur is the majority shareholder in the Sona Group as per her late husband's will. She alleged that since her son’s death, she has been denied access to accounts and crucial documents.
"The contents of such documents have never been revealed to me," she wrote in the letter.
She further mentioned that some individuals are misrepresenting themselves as representatives of the family to push appointments to the company's board, taking her into consideration.
"I have not given any consent or officially nominated any person to come on the board," she added.
Rani Kapur has asked for the deferment of the AGM for two weeks to allow for proper information to be gathered.
Further she warned, if the board members ignore her mail, "I would be left with no other option but to assume that it was a conscious decision taken by you to the detriment of the company and the family," she warned in her letter.
Sunjay Kapur passed away on June 12 in England. His sudden demise came following a heart attack while playing polo. Sunjay Kapur was the non-executive chairperson of auto component firm Sona Comstar. Following his death, the company appointed Jeffrey Mark Overly as the new Chairperson
SPOTLIGHT
"The raucous, almost deafening, cuss words from the heartland that Piyush Pandey used with gay abandon turned things upside down in the old world order."
Read MoreThe new face of the browser: Who’s building AI-first browsers, what they do and how they could upend advertising
From OpenAI’s ChatGPT-powered Atlas to Microsoft’s Copilot-enabled Edge, a new generation of AI-first browsers is transforming how people search, surf and interact online — and reshaping the future of digital advertising.