1. Cyrus Mistry skips first Tata Sons board meet after his removal as Chairman

Cyrus Mistry skips first Tata Sons board meet after his removal as Chairman

The Board meeting was a regular affair at top management of the company.

By: | New Delhi | Updated: November 17, 2016 10:19 PM
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Ousted Tata Sons chairman Cyrus Mistry on Thursday skipped a board meeting held at Bombay House, the first since his removal as chairman of board on October 24th. Even after his ouster as the Chairman, Mistry continues to serve as memeber of board of Tata Sons. The Board meeting was a regular affair at top management of the company. The meeting was reportedly held to dicuss the six-monthly performance of the company. Cyrus Mistry was removed as the chairman of Tata Sons, the parent company of Tata group industries, as chairman on October 24th. Since then, he has also been removed as the chairman of Tata Sons, he has also been replaced as chairman of Tata Consultancy Services and Tata Global Beverages by Ishaat Hussain and Harish Bhat respectively. Tata Sons has also asked other group companies like Tata Steel, Tata Motors, Tata Chemicals and Indian Hotels to hold extraordinary general meetings (EGMs) to consider the removal of Mistry from their respective boards.

Emerging out of the board meeting of Tata Sons at Bombay House, director Vijay Singh called it a “routine” meeting which included taking assessment of the businesses and the way ahead in the next six months. Singh added that there is no plan as of now to call extraordinary general meeting of Tata Sons. Two more directors apart from Mistry — Farida Khambatta (who is in the US) and JLR chief Ralf Speth — did not attend
the meeting along with Mistry, Singh said.

 

 

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