TIL Desk/Business/Mumbai-Ousted Tata Sons Chairman Cyrus Mistry was on Monday removed as director of the company with shareholders voting in favour of his removal with “requisite majority”. “The shareholders of Tata Sons Ltd, at the extraordinary general meeting held, passed, with the requisite majority, a resolution to remove Cyrus P Mistry as a Director of Tata Sons Ltd,” the Tata Group’s holding firm said in a statement.
Last month, Tata Sons had called for an extraordinary general meeting (EGM) to remove Mistry from its board. However, Mistry had legally challenged the move. Last week, the National Company Law Appellate Tribunal (NCLAT) had dismissed petitions by two investment firms, backed by Mistry family, against holding the EGM.
Mistry camp had moved the NCLAT after the Mumbai bench of National Company Law Tribunal (NCLT) had on January 31 refused to grant any relief. Tata Sons had abruptly removed Mistry as its Chairman on October 24 last year and sought his ouster from operating companies like Tata Motors and TCS. Mistry subsequently resigned from the board of six companies but dragged Tata Sons and his interim successor Ratan Tata to the NCLT.
