New Delhi, July 28 -- Sona BLW share price rose over 2% on Monday, defying broader market weakness. Sona BLW shares gained as much as 2.14% to Rs.479.50 apiece on the BSE after shareholders approved the appointment of Priya Sachdev Kapur as a Non-Executive Director at the company's AGM on July 25.

The development comes amid a family dispute following the sudden demise of company Chairman and Non-Executive Director Sunjay Kapur on June 19 due to cardiac arrest. On June 23, the board appointed Jeffrey Mark Overly as the new Chairperson and inducted Priya Sachdev Kapur, Sunjay's wife, as an Additional Director of Sona BLW Precision Forgings.

However, the move has drawn objections from Rani Kapur, Sunjay's mother and former chairperson of t...