Fault lines emerge from 2017

The formation of existing voltages seems to be an event chain between 2017 and 2019. At that time, the family’s kindergarten and Sunjay’s mother, Rani Kapur, left the board of directors of his supporting company Aureus and transferred his shareholder to a confidence called Family Trust.

Aureus has a support share of approximately 28.02% in Son Comstar, currently LaIt represents the interests of the 8,000 Crore and the Kapur family on the board through a candidate director. Sona Comstar, BSE and NSE’de Blw Precision Forgings Ltd.

Following the wedding of Sunjay Kapur in April 2017, Priya Sachdev had a gradual property and power period in Aureus in the two -year period mentioned above. Mint Review Aureus’s public files.

It is unclear what causes the transfer of property and control and whether it is part of a planned successor.

Rani Kapur, Priya Kapur, and end Comstar’s interrogations for the effect remained unanswered.

In response Mint The queries, an Aureus spokesman, said that the settlement of stocks in confidence was made in 2017 as a part of a well -thought -out plan for the re -revival of Rani Kapur in 2017 and to provide a smooth family successor.

“In 2017, where mrs rani kapur settled the shares into the trust, end company you see the today. Sunjay, whose he reposition and also to the public offering.

Sözüm Sunjay has also added: Sun Since 2017, Sunjay has made structures and processes to be existing financially with Mrs. Rani Kapur’s needs and lifestyle.

How did things come about

In June 2015, Rani Kapur, her husband Surinder Kapur, the former End Comstar President and Sunjay’s father’s death after the death of Aureus (then known as Autocomp Holding Pvt. Ltd) received a 42% share.

In a letter to the Comstar Board last week, Rani claimed that a will by his deceased husband, who was executed on June 30, 2015, made him the only beneficiary of his property.

Until 2016, the decision -making processes in Aureus were jointly directed by Rani and Sunjay. During a board meeting on June 28th that year, the board adopted the decision to authorize two family members to sign official documents.

On the same day, Rani Kapur officially asked for his re -appointment as the director of Aureus. The length of the term of office is not clear. Typically, a director of the Aureus Board of Directors was given a three -year task.

The appointment, which is the biggest shareholder itself, should not be a problem, but the company has shown the result of more filing shareholding game. However, in February 2017, the company changed its supportive definition from Surinder Kapur to Rani Kapur and its successor and legal heirs in the association articles that show that it was still in the driver’s seat.

However, only four months later, there was a change in the Aureus board of directors in June 2017. According to the annual report of the 2017-18 fiscal year, which applied to the Ministry of Corporate Affairs (MCA), Rani Kapur stopped being the director of the supporter company on 30 June 2017. Priya Sachdev Kapur was appointed as the principal of the same day. In November that year, Priya rose to the General Manager of Aureus. He continued to work until May 2023, when he stopped being a director in the company.

According to the end of Comstar’s red herring fish, RK Family Trust contained the shares of Aureus, which was held by Rani in October 2017.

In 2019, RK Family Trust said Sunjay Kapur, the only utility of Sona Comstar, a private company at that time, according to a press release published by Comstar on Friday. In the following years, Family Trust, through the consolidation of the shareholder, had more than 65% shares in Aureus, which remained the supportive asset of Comstar.

Meanwhile, Rani Kapur went to a person’s largest individual shareholder. locus stand.

Priya’s return war war

On June 12, Sunjay Kapur’s death in Ukon on June 12, Aureus held an extraordinary general meeting on June 20, where Priya Kapur was appointed General Manager for three years. La1 Crore per month. The reason given was the creation of an ordinary gap because of Sunjay’s death.

Later, Aureus nominated Priya to the Board of Sona Comstar, which approved Priya with more than 99% of the votes by shareholders during the AGM.

Rani, who was not satisfied with the appointment of Priya, wrote to Comstar’s board of directors the day before the AGM and asked the company about details about the events that emerged after the death of his son Sunjay.

Matriar questioned the authority of those who approved the appointment of Priya, and claimed that he had no information about signed and signed certain documents while mourning.

“I approached many times and forced to sign various documents without explanation, and even to have time to read and understand the same thing, ı he wrote in his letter. “Although it was under tremendous mental and emotional distress, I was forced to sign such documents behind the locked doors and if I demanded it over and over again, the content of such documents has never been explained to me.”

His lawyer Vaibhav Gaggar,MintBecause he was not aware of how daily details or all property was structured before.

“After 2015, it was the person who controlled everything for the trust of the family. Ultimately, the structures that control the control of the control, the details were not increasingly the person who deals with daily tasks, so he is not aware of all the details. He asked the company to cooperate.” He said.

Legal experts, Rani Kapur, stocks, trust and appointments that resulted in the transfer of appointments to the board of the court forced to sign the court claims that the court.

“According to Indian laws, any transfer can be declared invalid without a fraud, unnecessary impact or free consent,” lawyers and lawyers King Stubb & Koksiva partner Adnan Siddiqui said. He said.

However, Siddiqui said that the company could say that the share transfer is properly documented, and that Rani has been silent for years and that Comstar only calls Sunjay Kapur as a useful owner.

Comstar ending in the last five days, two press release of Priya’s appointment was made at the advice of Aureus, he said. The company said that Rani Kapur was not locus stand In the company’s issues.

“Any implication that Comstar’s second press release, published on Monday, is forced for signing documents or consent is necessary for company business.”

Rani Kapur’s next steps remain uncertain.

Ending Blw Precision Forging’s shares in NSE have fell 4% since July 24, when Rani Kapur’s letter to the company board of directors. In the same period, the stylish automatic index decreased by 1%.