I am also having same issue with the company recently listed named Sona Machinery Limited. I have given this query to company secretary but no response. Don’t know what to do? Can anybody help?
Ms. Supriya Shishodia
Company Secretary
Sona Machinery Limited
F-16 & C-1, Sector A-3, Tronica City, Loni
Ghaziabad, U.P.
India 201102
Subject: Request for Clarification on Conflict of Interest Regarding Mr. Vasu Naren’s Shareholding in CAN Engineering Solutions Pvt Ltd
Dear Ms. Shishodia,
I hope this message finds you well. I am writing to seek clarification regarding a potential conflict of interest involving Mr. Vasu Naren, who serves as the Managing Director and Chairman of Sona Machinery Limited.
It has come to my attention that Mr. Vasu Naren holds a 50% stake in CAN Engineering Solutions Pvt Ltd. I am interested in understanding whether the remaining 50% shares in CAN Engineering Solutions Pvt Ltd are held by Sona Machinery Limited or by another entity.
Could you please provide clarification on the following points:
- The ownership structure of CAN Engineering Solutions Pvt Ltd, specifically regarding the ownership of the remaining 50% shares.
- Any measures taken by Sona Machinery Limited to address or mitigate any potential conflicts of interest arising from Mr. Vasu Naren’s involvement in CAN Engineering Solutions Pvt Ltd.
- Whether CAN Engineering Solutions Pvt Ltd is engaged in a similar business as Sona Machinery Limited, which according to my understanding, may cause a conflict of interest.
I appreciate your prompt attention to this matter. Please feel free to contact me at 9608008051 or rajeshaaidu@gmail.com if further information is required. I look forward to your response.
Thank you for your assistance.
Yours sincerely,
Rajesh Kumar
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