Tata Chemicals Extraordinary General Meeting

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.

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...

A day before the first Extraordinary General Meeting of TCS, business tycoon Nusli Wadia launched an attack on Tata Sons for moving notices seeking his removal as an Independent Director of three Tata companies Tata Motors, Tata Chemicals and Tata Steel.

Mr Wadia had sent a similar letter to the Tatas on Monday with regard to a notice calling an extraordinary general meeting of shareholders of Tata Steel to remove him from the board of the alloy maker.

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.

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.

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...

A day before the first Extraordinary General Meeting of TCS, business tycoon Nusli Wadia launched an attack on Tata Sons for moving notices seeking his removal as an Independent Director of three Tata companies Tata Motors, Tata Chemicals and Tata Steel.

Mr Wadia had sent a similar letter to the Tatas on Monday with regard to a notice calling an extraordinary general meeting of shareholders of Tata Steel to remove him from the board of the alloy maker.

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.