Sona BLW Precision Forgings Issues Cease and Desist Letter to Rani Kapur Amid Defamation Claims

1 min read     Updated on 30 Jul 2025, 12:38 PM
scanxBy ScanX News Team
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Overview

Sona BLW Precision Forgings has sent a cease and desist letter to Rani Kapur, accusing her of defamation and causing harm to the company. Kapur, mother of late industrialist Sunjay Kapur, had attempted to postpone the company's AGM and made allegations of coercion and unauthorized appointments. Sona BLW refutes Kapur's claims of being a majority shareholder, stating she has had no role in the company since at least 2019. The company proceeded with its AGM on July 25 as scheduled, rejecting Kapur's allegations.

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*this image is generated using AI for illustrative purposes only.

Sona BLW Precision Forgings , a leading automotive technology company, has taken legal action against Rani Kapur, escalating a dispute that has recently come to light. The company has sent a cease and desist letter to Kapur, accusing her of defamation and causing both reputational and financial harm to the organization.

Background of the Dispute

The conflict stems from Rani Kapur's recent actions and claims regarding the company. Kapur, who is the mother of late industrialist Sunjay Kapur, had previously sought to postpone Sona BLW's annual general meeting (AGM) scheduled for July 25. Her request was accompanied by serious allegations against the company, including claims of coercion, misuse of documents, and unauthorized appointments of directors.

Kapur's Claims and Company's Response

Rani Kapur asserted that she is the majority shareholder of Sona BLW through her late husband's will. However, the company has strongly refuted these claims, stating that Kapur has not held any direct or indirect role in the company since at least 2019. Furthermore, Sona BLW emphasized that Kapur is not listed as a shareholder in the company's records.

Legal Action and Company Stance

In response to what it deems as "baseless" and "legally untenable" claims, Sona BLW has issued a cease and desist letter to Rani Kapur. The company contends that the continued false narratives propagated by Kapur have not only hurt shareholders but have also caused significant damage to the company's interests.

AGM Proceedings

Despite Kapur's attempt to postpone the AGM, Sona BLW rejected her allegations and proceeded with the meeting as originally scheduled on July 25. This decision underscores the company's stance on the validity of its corporate governance practices.

Implications for Stakeholders

This ongoing dispute highlights the complexities that can arise in corporate governance, especially in cases involving family-owned businesses and succession issues. For Sona BLW's shareholders and other stakeholders, this situation warrants close attention as it could potentially impact the company's reputation and operations.

As the situation continues to unfold, all eyes will be on how both parties proceed and what implications this may have for Sona BLW Precision Forgings' future corporate actions and shareholder relations.

Historical Stock Returns for Sona BLW Precision Forgings

1 Day5 Days1 Month6 Months1 Year5 Years
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Sona BLW Precision Forgings to Announce Q1 FY26 Results on August 4, 2025

2 min read     Updated on 29 Jul 2025, 12:43 PM
scanxBy ScanX News Team
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Overview

Sona BLW Precision Forgings Limited (Sona Comstar) will release its Q1 FY26 financial results on August 4, 2025. An earnings conference call is scheduled for 4:30 PM IST the same day. The company recently clarified its governance structure, emphasizing it's not a family-owned business with 71.98% shareholding held by institutional and public investors. Sona Comstar operates under professional management and an independent board.

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*this image is generated using AI for illustrative purposes only.

Sona BLW Precision Forgings Limited (Sona Comstar), a leading mobility technology company, is set to release its financial results for the first quarter of the fiscal year 2026 on August 4, 2025. The company, known for providing mission-critical systems and components to automotive OEMs and safety systems for railways in India, has scheduled an earnings conference call for the same day.

Financial Results Announcement

Sona Comstar will unveil its quarterly results for the period ended June 30, 2025, on Monday, August 4, 2025. The earnings documents will be made available on the company's official website, www.sonacomstar.com , for investors and analysts to review.

Earnings Conference Call

Following the results announcement, the company will host an earnings conference call at 4:30 PM IST on August 4, 2025. During this call, the management will discuss the company's performance for the quarter ended June 30, 2025, and address questions from participants.

Participation Details

Interested participants can register for the webcast through the provided link. The details for the conference call are as follows:

Item Details
Date and Time August 4, 2025, at 4:30 PM IST
Event Number 2369 998 9607
Password 20252025
Registration Link https://nomura.webex.com/weblink/register/rb417c2e39683518c91de8d09adb6c95e

For those unable to attend the live call, a recording of the webcast will be archived on the company's website for future reference.

Investor Relations Contact

For further information or queries, investors can reach out to:

Mr. Amit Mishra Head of Investor Relations Email: amit.mishra@sonacomstar.com

Recent Clarifications

In a recent press release dated July 28, 2025, Sona Comstar addressed certain market rumors and clarified its governance structure. The company emphasized its commitment to transparency and good governance, stating that it is not a family-owned business as alleged. With approximately 71.98% of its shareholding held by institutional and public investors, and the promoter entity holding a 28.02% stake, Sona Comstar operates under professional management and an independent board.

The company also clarified that Mrs. Rani Kapur has had no role in Sona Comstar since at least 2019 and has no locus standi on any matter related to the company. Furthermore, the company addressed recent board appointments, confirming their compliance with applicable laws and corporate governance norms.

As Sona Comstar prepares to announce its Q1 FY26 results, investors and analysts will be keen to assess the company's performance and future outlook in the dynamic automotive and railway safety systems sectors.

Historical Stock Returns for Sona BLW Precision Forgings

1 Day5 Days1 Month6 Months1 Year5 Years
-2.55%-8.40%-6.61%-10.86%-33.82%+24.46%
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