Shares of Sona BLW Precision Forgings Ltd (Sona Comstar) fell 2.99% to ₹495.60 in Friday’s trade following the sudden demise of the company’s Chairman and Non-Executive Director, Sunjay Kapur, in England, United Kingdom.
The company informed stock exchanges via a regulatory filing, stating, “Sunjay was a visionary leader and a compassionate person whose guidance shaped Sona Comstar’s success. His vision, values, and dedication to excellence have left a lasting legacy for the Company.”
The board further assured all stakeholders — including customers, partners, employees, and shareholders — that the company’s operations and growth trajectory remain unaffected. “We are committed to upholding his legacy by advancing our mission and the values he instilled in Sona Comstar,” it added.
Kapur played a significant role in the automotive and EV ecosystem. Apart from leading Sona Comstar, he held board positions at Jindal Steel & Power Ltd and several private and international firms including Osborne Agri Company (UK) and NOVELIC d.o.o Beograd-Zvezdara.
Sona Comstar is a key supplier to the rapidly growing electric vehicle segment in India and globally. As of today’s session, the stock has a market capitalization of ₹296.38 crore and a P/E ratio of 47.17. The shares have traded in a day range of ₹467.95, significantly lower than the previous close of ₹510.85.
