Sona Comstar has released a statement on Sunjay Kapur’s mother, Rani Kapur’s claims of having a majority shareholding in the company. The company said Rani Kapur is not a shareholder in the company.
Earlier today, Rani Kapur wrote a letter to the board of directors of the company in which she claimed that by virtue of the will executed in 2015 by the late Surinder Kapur, Rani Kapur’s husband and Sanjay Kapur’s father, she is the sole beneficiary of the estate and majority shareholder in the company.
However, the company said in the latest statement that Aureus Investments Private Limited (AIPL) is the promoter of the company with 28.02 per cent shareholding.
Holding company issue
Further, the company said that in 2019 received a declaration of significant beneficial ownership identifying Shri Sunjay Kapur as the sole beneficial owner of RK Family Trust, a significant shareholder of AIPL.
Sona Comstar says that as per its records, Mrs. Rani Kapur has not been a shareholder of the Company at least since 2019.
At this point, it remains unclear whether Rani Kapur holds any shareholding in Aureus Investments Private Limited or RK Trust.
Document signing issue
Earlier today, in her letter to the board of directors, Rani Kapur said that she signed certain documents under coercion and duress, and people have misused her mental vulnerability after her son’s death.
The company has, however, refuted these claims, stating that no documents have been signed or obtained from Mrs. Rani Kapur by the Company following the passing of Mr. Sunjay Kapur.
Appointment of Non-Executive Director
Sona Comstar says that based on the nomination from Aureus Investments Private Limited, Priya Sachdev Kapur, Sunjay Kapur’s wife, was appointed as a Non-Executive Director on July 25.
Earlier on July 23, Sona Comstar’s Board of Directors unanimously appointed Jeffery Mark Overly as Chairman