HomeIndiaSona Group Feud Erupts: Rani Kapur Challenges Board as Family Rift Deepens

Sona Group Feud Erupts: Rani Kapur Challenges Board as Family Rift Deepens

Summary

  • Rani Kapur claims she is a majority shareholder and demands AGM postponement.
  • Sona BLW denies her shareholding status since 2019, citing legal ownership by Sunjay Kapur.
  • Board stands by Priya Sachdev Kapur’s appointment, calling the decision “duly reviewed and approved.”

Power Struggles Amid a Family Legacy

The Rs 30,000-crore Sona Group, a leading name in automotive precision engineering, is facing an internal storm just months after the death of its former chairman, Sunjay Kapur. The conflict, which pits Rani Kapur (Sunjay’s mother) against the company’s leadership, has escalated into public statements, board filings, and allegations of coercion. Rani Kapur, claiming to be the majority shareholder, has questioned the legitimacy of board decisions, including the appointment of her daughter-in-law, Priya Sachdev Kapur, as a non-executive director. The controversy erupted hours before the Annual General Meeting (AGM), adding fuel to what now resembles a corporate family drama with high stakes.

Shareholding Dispute and Allegations

  • Company claims Rani Kapur has not held shares since 2019.
  • Rani Kapur alleges she was coerced into signing documents.
  • Board defends appointment of Priya Sachdev Kapur as director.

According to Sona BLW Precision Forgings Ltd, a declaration filed in May 2019 confirmed Sunjay Kapur as the sole beneficial owner of the shares. The board refuted Rani Kapur’s assertions of majority ownership, stating that no legal grounds exist for postponing the AGM. On the contentious appointment of Priya Sachdev Kapur, the company stressed the selection process was transparent and had board approval. However, Rani Kapur’s letter painted a different picture, alleging “gross illegalities” within the organization and expressing her intent to protect her family’s legacy.

A Family Rift Turns Corporate Battle

  • Rani Kapur objects to decisions made without her consent.
  • Emotional statements highlight the tension following Sunjay Kapur’s death.
  • Legal and corporate governance questions surface.

Rani Kapur, still mourning her son’s passing, has accused her “enemies” of sidelining her voice in key decisions. Her opposition to the appointment of Priya Sachdev Kapur, who married Sunjay Kapur after his separation from actor Karishma Kapoor, underscores a deeper familial rift. The company, however, has maintained that Rani Kapur’s claims lack legal merit. This clash of sentiments and corporate governance is now under the spotlight, with questions raised about the future leadership of Sona Group.

Corporate Legacy vs. Personal Allegations

  • Sona Group’s stability questioned amid public feud.
  • Market observers eye potential impact on investor confidence.
  • Legal action by Rani Kapur may be the next step.

Industry insiders suggest that the public nature of this dispute could affect the company’s reputation and raise concerns among stakeholders. While Sona BLW continues to project operational stability, the Kapur family feud underscores the complex interplay of personal emotions and corporate control. If Rani Kapur pursues legal remedies, the matter could escalate into a full-blown court battle, potentially affecting the group’s decision-making in the near future.

Corporate Stability vs. Family Turmoil

The Sona Group dispute highlights the fragility of legacy-driven enterprises when personal conflicts spill into corporate decision-making. Rani Kapur’s challenge to the board’s authority, coupled with her allegations of coercion, has brought the company’s governance practices under scrutiny. While the board maintains that she has not held shares since 2019, her public opposition and the emotional weight of Sunjay Kapur’s death have amplified tensions.

Moving forward, the company’s credibility will hinge on transparent communication and a firm adherence to corporate governance standards. Any prolonged legal or personal battles could erode investor confidence, potentially overshadowing the group’s otherwise strong market position. Ultimately, the Kapur family must reconcile its internal rifts to ensure that personal disagreements do not compromise the Rs 30,000-crore empire’s operational and strategic stability.

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