Amid preparations for the Sona BLW Annual General Meeting on July 25, 2025, Rani Kapur, the widow of founder Dr Surinder Kapur and mother of the late Sunjay Kapur, has raised serious allegations against company insiders. In a detailed letter to the board, Kapur claimed coercion, misuse of documents, and lack of consent in critical decisions made post her son’s sudden demise.
In her letter, Rani Kapur asserted that she had been pressured into signing multiple documents without explanation following her son's unexpected death on June 12, 2025. She highlighted being emotionally and mentally vulnerable during that period and mentioned being denied access to corporate and personal accounts. Kapur claimed that these actions were part of an effort to wrest control of the Sona group without her knowledge or approval.
Kapur vehemently denied having officially nominated anyone to represent her or the Kapur family on the board of Sona BLW or any other group entity. Despite this, she noted that a board resolution was being pushed at the AGM to appoint directors under the pretext of representing the family. She insisted that any such claims of representation were based on documents executed under coercion and without valid consent.
Rani Kapur urged the board to defer the AGM by at least 2 weeks to allow her to gather necessary documents and understand the developments fully. She demanded that no resolutions be passed affecting the company’s leadership or family legacy without her affirmative approval, stating such actions would constitute mismanagement and betrayal of the trust placed in the company by the founding family.
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The market reacted negatively to the unfolding controversy, with shares of Sona BLW trading 2.7% lower at ₹477.8 following the announcement. The stock has seen a decline of 20% in 2025, reflecting investor concerns amid leadership uncertainties and governance issues.
On July 25, 2025, Sona BLW Precision Forgings share price opened at ₹489.00 on NSE, below the previous close of ₹490.80. During the day, it surged to ₹489.95 and dipped to ₹476.30. The stock is trading at ₹478.60 as of 1:14 PM. The stock registered a significant decline of 2.49%.
Over the past week, it has declined by 1.91%, over the past month, it has moved up by 0.20%, and over the past 3 months, it has moved up by 5.85%.
Rani Kapur’s letter sheds light on internal tensions and governance challenges at Sona BLW following Sunjay Kapur’s death. With the AGM underway, her demand for transparency and rightful authority is expected to shape how events progress and could impact board decisions.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in securities are subject to market risks. Read all related documents carefully before investing.
Published on: Jul 25, 2025, 3:32 PM IST
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