Sona BLW Precision board appoints Jeffrey Mark Overly as new Chairman after Sanjay Kapur’s demise

The board of directors, at its meeting held on June 23, 2025, appointed Overly, an independent director since February 12, 2021, as the Chairman of the company, Sona BLW Precision Forgings Ltd (Sona Comstar), said in a regulatory filing.

His appointment comes after the death of the company's Chairman, Sunjay Kapur, last week.

Overly has been on the board of the company for almost 5 years. He holds a bachelor's degree of science in industrial management from the University of Cincinnati and a master’s degree in business from Central Michigan University.

He has over 43 years of operating experience, including 25 years at General Motors Corporation and Delphi Corporation in numerous operations and engineering positions with global responsibilities, the company said.

The board also approved the designation of the late Sunjay Kapur as Chairman Emeritus, the filing said.

“Mr. Kapur, as a Chairman of Sona Comstar from 2019 onwards, continued to guide the company’s strategic direction. Under his chairmanship, Sona Comstar expanded its global footprint across India, the USA, Mexico, China, and Serbia, successfully listed on BSE Ltd. and the National Stock Exchange of India Ltd, and entered future mobility domains such as sensors and software through the acquisition of a majority stake in Novelic,” the company said in the statement.

Sona Comstar also said that the Board of Directors, on the recommendation of the Nomination and Remuneration Committee (NRC), has approved the appointment of Priya Sachdev Kapur as an Additional Non-Executive Director of the company, with effect from June 23, 2025. It is, however, subject to the approval of the shareholders of the company.

Shares of the auto components firm tumbled 1.63% on Monday to settle at ₹479 apiece on the National Stock Exchange.

Founded in 1995, Sona Comstar is a leading automotive technology firm. The Gurgaon-based firm is a global supplier with manufacturing and assembly facilities, R&D centres and engineering capability centres across India, the US, Serbia, Mexico, and China.

Sona Comstar primarily designs, manufactures, and supplies automotive systems and components to automotive OEMs.

The company is a leading supplier to the fast-growing global electric vehicle (EV) market.