Tata Chemicals Egm

Shareholders of Tata Chemicals have voted out Nusli Wadia as an independent director of the company with 75.67 per cent votes going in favour of a resolution moved by Tata Sons to remove him at the company's EGM yesterday.

Shareholders of Tata Chemicals have voted out Nusli Wadia as an independent director of the company with 75.67 per cent votes going in favour of a resolution moved by Tata Sons to remove him at the company's Extraordinary General Meeting or EGM on Friday.

Ratan Tata said there has been a "definite move" to damage his personal reputation in the last two months but truth will eventually prevail howsoever painful the process may be.

Tata Sons own a 29.75 per cent stake in Tata Steel. Mr Wadia who is also a director on the board of other two Tata group companies - Tata Motors and Tata Chemicals - which will also hold shareholders' meetings this week to remove him from their boards.

Shareholders of Tata Consultancy Services or TCS have voted to remove Cyrus Mistry as director at an extraordinary general meeting or EGM. 93.11 per cent of shareholders voted for his ouster. At TCS, in which the group's holding company Tata Sons has 73.76 per cent stake, that result was expected. But five more listed Tata companies will vote on th...

Mr Mistry's camp had lashed out at his removal as Chairman of TCS calling it as a reflection of "cloak and dagger" machinations that define "the angry strategy of the Ratan Tata camp".

Tata Sons had asked Tata Chemicals on November 10 to convene an extraordinary general meeting for passing a resolution for removal of Mr Mistry and Mr Wadia as directors.

Last week, the promoter company of the major operating Tata group firms had accused Mistry of betraying trust and trying to seek control of main operating companies of the over $100 billion group.

Shareholders of Tata Chemicals have voted out Nusli Wadia as an independent director of the company with 75.67 per cent votes going in favour of a resolution moved by Tata Sons to remove him at the company's EGM yesterday.

Shareholders of Tata Chemicals have voted out Nusli Wadia as an independent director of the company with 75.67 per cent votes going in favour of a resolution moved by Tata Sons to remove him at the company's Extraordinary General Meeting or EGM on Friday.

Ratan Tata said there has been a "definite move" to damage his personal reputation in the last two months but truth will eventually prevail howsoever painful the process may be.

Tata Sons own a 29.75 per cent stake in Tata Steel. Mr Wadia who is also a director on the board of other two Tata group companies - Tata Motors and Tata Chemicals - which will also hold shareholders' meetings this week to remove him from their boards.

Shareholders of Tata Consultancy Services or TCS have voted to remove Cyrus Mistry as director at an extraordinary general meeting or EGM. 93.11 per cent of shareholders voted for his ouster. At TCS, in which the group's holding company Tata Sons has 73.76 per cent stake, that result was expected. But five more listed Tata companies will vote on th...

Mr Mistry's camp had lashed out at his removal as Chairman of TCS calling it as a reflection of "cloak and dagger" machinations that define "the angry strategy of the Ratan Tata camp".

Tata Sons had asked Tata Chemicals on November 10 to convene an extraordinary general meeting for passing a resolution for removal of Mr Mistry and Mr Wadia as directors.

Last week, the promoter company of the major operating Tata group firms had accused Mistry of betraying trust and trying to seek control of main operating companies of the over $100 billion group.