Sona Blw Precision Forgings Limited has informed the Exchange about Rumour Verification - Regulation 30(11)
SONACOMS · price
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Sona Comstar addressed media reports about a request from Mrs. Rani Kapur (widow of late Chairman Shri Sunjay Kapur, who passed away on 12 June 2025) to defer the 29th AGM held on 25 July 2025. The company clarified that Mrs. Rani Kapur is not a shareholder of the company and has not been one at least since 2019. Based on legal advice from a reputed law firm, the company concluded it could not defer the AGM. The AGM was conducted on schedule as planned. Jeffrey Mark Overly was appointed as the new Chairman on 23 June 2025, and Priya Sachdev Kapur was appointed as Non-Executive Director.
This is essentially a corporate governance clarification with no material business impact. The AGM proceeded as scheduled, ensuring continuity. However, ongoing promoter family disputes and governance uncertainty following the death of the former Chairman could create short-term volatility and investor concern about leadership stability.