Latest news with #AnnualGeneralMeeting
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First Post
3 hours ago
- Sport
- First Post
Pakistan, who could be relegated to second division, oppose proposed two-tier Test cricket system: Report
Pakistan have reportedly decided to oppose the proposed two-tier structure in Test cricket. It has to be noted that there are fears that Pakistan may get relegated to the second division. read more The Pakistan Cricket Board (PCB) is reportedly unhappy with the International Cricket Council's (ICC) plans to divide the Test-playing nations into a two-tier system, opposing the possibility. While the possibility of a two-tier Test cricket system has been in the news for a while, a major step towards making it a reality was reportedly taken at the recently-concluded ICC Annual General Meeting (AGM), as a special committee was established to propose solutions regarding the issues around the different formats of the game. STORY CONTINUES BELOW THIS AD The eight-member working group would reportedly be headed by ICC CEO Sanjog Gupta and includes England and Wales Cricket Board (ECB) CEO Richard Gould and Cricket Australia chief Todd Greenberg. The ICC committee is expected to explore the possibility of creating a two-tier Test cricket system and the proposal for the same could be tabled by the end of 2025. Why Pakistan could get relegated to Test cricket Division Two The current nine-team system is expected to be divided into two tiers of six teams each and may come into force from the 2027-2029 World Test Championship (WTC) cycle. However, for the two-tier Test cricket system to become a reality, the proposal would have to need a two-thirds majority vote from the ICC's 12 full members. Also Read | Two-tier Test cricket system: Why top teams want change Pakistan, which is currently ranked seventh in the ICC Test rankings and has never played in the WTC final, could end up as one of the teams in the second division due to their poor Test results in recent years. Pakistan finished at the bottom of the nine-team WTC point table for the 2023-25 cycle. They are yet to play a single Test match in the ongoing WTC 2025-27 cycle, with their first assignment against South Africa, a two-match Test series, scheduled for October 2025. Pakistan to oppose two-tier Test cricket system Amid the news of a possible bifurcation in the Test cricket system, media reports in Pakistan have claimed that PCB will vehemently oppose the two-tier system in Test cricket. As per a report in The Tribune, PCB is against the 'growing dominance of elite cricketing nations'; however, the fears that the Pakistan team will be relegated to the second division cannot be ruled out. 'Cricket is not the property of just a few powerful nations,' a senior PCB official told The Tribune. 'Smaller teams can only improve if they are given regular opportunities to play against top-level competition.' The PCB official went on to add that Pakistan 'may secure its place in Division One,' but a two-tier system will hamper the progress of developing cricket nations. 'What will happen to Bangladesh and West Indies? How will they improve by only playing each other?' the official asked.
India Today
5 hours ago
- Entertainment
- India Today
Karisma in Delhi with children amid Sanjay Kapur's Rs 30,000 crore estate battle
Amid the ongoing dispute over her late ex-husband Sunjay Kapur's Rs 30,000 crore estate, actor Karisma Kapoor arrived in Delhi with her children, Samaira and Kiaan. A video of the actor keeping low-key at the airport has gone the clip, Karisma is seen leading the way as her children, Samaira and Kiaan, walk closely behind her. The clip was shared on Instagram by Bollywoodshadis. advertisementWatch the video here: View this post on Instagram A post shared by (@bollywoodshaadis) Karisma's visit to Delhi comes amid the escalating legal battle over the massive estate of businessman Sunjay Kapur, who died in June this year. Reports suggest Sunjay suffered a cardiac arrest during a polo match. His funeral took place in Kapur, mother of the late Sunjay Kapur, is attempting to halt the Annual General Meeting of Sona BLW Precision Forgings (Sona Comstar), alleging she was coerced into signing documents after Sunjay's death on June 23. Claiming to be the sole representative of the Kapur family's stake in the auto components firm, she has opposed resolutions to appoint new directors, widely seen as aimed at Sunjay's wife, Priya Sachdev family dispute intensified recently after Sunjay Kapur's mother, Rani Kapur, made serious allegations. In a statement to ANI, she said she still doesn't know the exact cause of her son's death and raised suspicions about the circumstances surrounding it. She further claimed she was pressured into signing documents under duress, particularly after Sunjay's widow, Priya Sachdev, was appointed a non-executive director at Sona Comstar, the family's auto components company.- EndsTrending Reel
News18
6 hours ago
- Automotive
- News18
Heir, Power, And Accusations: Inside Sona Comstar's Boardroom Drama After Sanjay Kapur's Death
Sona Comstar faces drama after chairman Sunjay Kapur's death. His mother, Rani Kapur, claims majority ownership via her late husband's will, opposed by the company. Sona Comstar Legal Dispute: The boardroom drama at Sona Comstar, a leading Indian auto components manufacturer, erupted a few days after the sudden demise of its chairman, Sunjay Kapur. The control of a Rs 30,000 crore legacy has become entangled in a family feud, resulting in allegations, letters, and claims. Late Sunjay Kapur's mother has claimed that she is the majority shareholder of the Sona Group via her late husband's will, though the company has denied the claims. Let's understand the whole case with the timeline: Sudden Demise of Sunjay Kapur Sona Comstar's chairman, Sunjay Kapur, passed away at the age of 53 on June 12, 2025, from a heart attack while playing a polo match in London, England. The 30,000 crore legacy has been left in limbo with no will and heir. To fill the leadership vacuum, Sona Comstar's board appointed Jeffrey Mark as the new chairman, which was later criticized by some stakeholders as rushed. She had sent an email demanding that Sona Comstar postpone its upcoming Annual General Meeting (AGM), citing concerns over how company affairs were being managed. She alleged she was pressured into signing documents without fully understanding their contents and was not given adequate time to review them. Kapur also said that 'well-wishers" had informed her of 'gross illegalities" within the company's operations. Furthermore, she claimed to be the sole beneficiary of her late husband Surinder Kapur's estate — a man widely credited with pioneering India's auto components industry — which, she said, includes a majority stake in the Sona Group. Priya Sachdev Kapur's Appointment Despite her request, the AGM of the group happened on July 25, in which Sunjay Kapur's wife Priya Sachdev Kapur was appointed as a non-executive director with 99.44 per cent votes. Priya's appointment, nominated by Aureus Investments, is vetted by the board's Nomination and Remuneration Committee. Rani opposes this, calling it unauthorized and part of a move to 'wrest control" of the family legacy. Sona Comstar's Statement Post Allegations In its response, Sona Comstar's parent company, Sona BLW Precision Forgings Ltd., rejected her claims, stating that Rani Kapur has not been a shareholder since 2019 and, therefore, has no standing to interfere in company matters. The company emphasized that there was no requirement to defer the AGM. Citing a declaration filed in May 2019, the company said Sanjay Kapur had been identified as the 'sole beneficial owner" of the shares, and that Priya Sachdev Kapur was subsequently nominated to the board based on this ownership. Sona BLW reiterated that the company is not a family-run business. In a statement issued Monday, it noted that 72% of its shares are held by institutional and public investors, while the promoter entity owns the remaining 28% — without any special rights or control. Company Issue Cease-and-desist letter Sona Comstar, part of the Rs 30,000 crore Sona Group, issued a cease-and-desist letter to Rani Kapur — the mother of the late Chairman Sanjay Kapur, who passed away in London in June. In the legal notice, Sona Comstar accused Rani Kapur of defaming the company and causing reputational damage. This comes days after she claimed to be the majority shareholder and alleged she had been 'coerced" into signing documents supporting her daughter-in-law Priya Sachdev Kapur's appointment as a non-executive director on the company's board. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
6 hours ago
- Business
- Mint
BPCL, Coforge to JK Tyre: 5 key stocks to trade ex dividend today on 31 July 2025
Dividend Stocks 2025: BPCL, Coforge, JK Tyre, V-Guard Industries, and Balkrishna Industries are 5 key stocks to trade ex dividend today, 31 July 2025 These companies, along with many others, have designated July 31, 2025, as the record date for identifying and approving a list of eligible shareholders for dividends. To be included in the list of eligible shareholders for dividends under the T+1 settlement method, investors must buy stock in these companies at least one day before the record date. BALKRISIND -At its meeting on July 26, 2025, the Board of Directors declared the first interim dividend of Rs. 4/- per equity share (200%) on equity shares of face value Rs. 2/- for fiscal year 2025-26. BPCL - BPCL had recommended a final dividend of Rs.5/- per equity share for fiscal year 2024-25. The final dividend is subject to shareholder approval at the anticipated August 2025 Annual General Meeting (AGM). V-Guard Industries Ltd—VGUARD's board had recommended a final dividend of ₹ 1.50 (150%) per equity share of ₹ 1/- each for the Financial Year 2024-25. JK Tyre & Industries Ltd (JKTYRE) had recommended a dividend of Rs. 3.00 per share. COFORGE had recommended an interim dividend of ₹ 4.00 per share having face value of s 2/- each fully aid-up for the Financial Year 2025-26 CARBORUNIV for a final Dividend of Rs. - 2.50 GODREJAGRO for a final dividend of Rs. - 11.00 GRANULES for a final Dividend - Rs. - 1.50 GPTINFRA for a final Dividend of Rs. - 1.00 ITDCEM for a final dividend of ₹ - 2.00 CHEMBOND for a Dividend of Rs. - 1.75 CHEVIOT for a final dividend of Rs. - 5.00 DIAMONDYD for a dividend of Rs. - 0.50 IGARASHI for a final Dividend of Rs. - 2.50 KIRLOSENG for a Final Dividend of ₹ - 4.00 Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
7 hours ago
- Business
- Business Standard
Southern Magnesium & Chemicals Ltd
Southern Magnesium & Chemicals Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/08/2025 inter alia to consider and approve i. The Unaudited Financial Results of the Company for the quarter ended 30th June Re-appointment of Key Managerial Personnel subject to ratification by members at ensuing Annual General Meeting as mentioned below:a. Mr. N Ravi Prasad as Managing Director and Chief Executive Officer for a period of 3 (three) years.b. Mr. N Rajender Prasad as Joint Managing Director and Chief Financial Officer for a period of 3 (three) Day Date time draft notice of 39th Annual General Meeting (AGM) appointment of Scrutinizers for AGM and e-voting process book closure dates draft directors report along with the other items of the Agenda. i. The Unaudited Financial Results of the Company for the quarter ended 30th June Re-appointment of Key Managerial Personnel subject to ratification by members at ensuing Annual General Meeting as mentioned below:a. Mr. N Ravi Prasad as Managing Director and Chief Executive Officer for a period of 3 (three) years.b. Mr. N Rajender Prasad as Joint Managing Director and Chief Financial Officer for a period of 3 (three) Day Date time draft notice of 39th Annual General Meeting (AGM) appointment of Scrutinizers for AGM and e-voting process book closure dates draft directors report along with the other items of the Agenda.
