Sona Nanotech

Sona Comstar is embroiled in a dispute after heir Sunjay Kapur died suddenly in June, with his mother Rani Kapur alleging suspicious circumstances and coerced signatures while the company says she has had no role since 2019. The board proceeded with its AGM and appointed Priya Sachdev as a non-executive director, prompting legal notices and questions over control of the promoters' stake held via the RK Family Trust and Aureus Investments. Experts warn the case highlights broader succession-planning gaps across Indian family-controlled firms. » More on finance.yahoo.com

Sona Comstar, India's largest importer of rare earth magnets, intends to begin domestic manufacturing of magnets used in electric vehicles, responding to government incentives and China's export restrictions. The company, which supplies major automakers and recently diversified into railways, is evaluating investment in local production as it seeks to reduce dependence on Chinese imports. Despite recent leadership changes, Sona Comstar's management affirms its strategic direction remains unchanged. » More on finance.yahoo.com