Priya Kapur, son in driving seat at family trust behind Sona Comstar
Aureus Investment Pvt. LTD, the largest shareholder of Sona Comstar, with 28 % shares, reported that on Thursday, the Ministry of Corporate Affairs (MCA), RK Family Trust and Raghuvanshi, reported that their spouse and son were important beneficial owners. The two companies have 92% shares in Aureus.
Mint Sona saw a copy of the MCA file of Comstar’s largest boss in 72 hours and said that the company does not know that Comstar has family confidence behind Aureus’s largest individual shareholder Aureus.
Decline
For Aureus Filing, Sunjay’s mother, Rani Kapur, comes to the end of the Comstar board of directors on behalf of Aureus. In addition, Priya tried to postpone the Comstar Annual General Assembly (AGM), where the manager was appointed as 99% of the vote.
Kapur Kindergarten said that after his son’s death, he was forced to sign the documents without having full information about the content. However, Comstar rejected the allegations by stating that Rani Kapur has not made a direct or indirect shareholder in the company since 2019.
Aureus has almost 28% shares LaIn Comstar, 8,000 Crore is officially known as Sonly BLW sensitive pussies. RK Family Trust and Raghuvanshi Investment Pvt. LTD has 65% and 27% of Aureus, respectively.
Moreover, RK Family Trust has a 48% stake of Raghuvanshi, while Aureus held 39%. This structure of the ownership of the company means that the family members who control RK Family Trust have the ultimate property of Aureus’s key supportive presence of Comstar.
Aureus Investment, in response to a query Priya S. Kapur’un Azarias Kapur, Samaira Kapur and Kiaan Kapur, together with the companies and RK Family Trust’ın important useful owners, he said. This means that Sunjay Kapur’s mother, Rani Kapur’s Key Trust is not beneficial. Samaira and Kiaan are the children of her ex -wife Karisma Kapoor and Sunjay. Aureus’s official files are not yet reflecting the name of the other two children.
Haze
Since 2019, Sunjay Kapur was the only useful owner of RK Family Trust. However, since his death on June 12, it was not clear who was the beneficial owner of trust.
End Comstar’s MD and Group CEO Vikram Singh said that after the publication of the company’s earnings on August 4, Soni Comstar was not informed that Sunjay Kapur had the beneficiary of RK Family Trust. But in Aureus, two days of this statement, was informed about the company’s new beneficiary owners and trust. It is not clear whether the change in the owners of Comstar has received any interest.
The queries sent to the lawyers of Comstar and Rani Kapur were unanswered.
To be sure, both Priya and Azarias, Sunjay Kapur died due to cardiac stance in England on June 12, who had confidence. However, Aureus was informed about the amendment to property on 6 August and then made a statement to MCA on 7 August.
Gaurav Pingle, a practical company secretary, said that if an organization is kept more than 10% in an Indian company, it is necessary to disclose changes in important useful owners.
Pingle, “Mrs. Priya and her son Aureus Investment Pvt.
‘Sensationism’
Singh from Comstar, accusing the media of making the dispute sensational, underestimated the impact of the blood feud between family members.
“There is an effect around it. [impact]”Singh said.
Promoter Company Aureus Investment, Singh, who has the right to nominate a director to the Board of Directors of Comstar, added that even this power is not even absolute. The Board may choose to reject the candidacy. Even if the Board approved it, he said that public shareholders should approve the candidacy.
“It is very strange to me how to appoint a single director on a board of directors with six independent directors on the execution of the company,” he said.
Since July 24, Comstar shares have fallen by 9%, while the Nifty Auto index decreased by 2.5% in the same period.
