Tata Sons asks Tata Power to convene EGM for Cyrus Mistry’s removal

Mistry continued to be chairman of several listed companies of the Tata Group even after he was removed as chairman of the holding company

By: PTI | New Delhi | Published:November 22, 2016 7:43 pm
cyrus mistry, tata, tata sons, tata power, ratan tata, cyrus mistry removal, tata power cyrus mistry Ousted Tata Sons chairman Cyrus Mistry. (File)

In yet another bid to remove former chairman Cyrus Mistry from boards of its companies, Tata Sons has sought his removal as director of Tata Power. Tata Sons has called for an Extraordinary General Meeting of Tata Power to pass a resolution to remove Mistry as its director.

“The company has received a Special Notice… from Tata Sons, the Company’s promoter and shareholder holding 31.05 per cent of the paid-up equity share capital of the company, for convening an Extraordinary General Meeting of the members of the company for considering and passing Resolution for removal of Cyrus P Mistry as director of the company,” Tata Power said in BSE filing today.

However, the regulatory filings have not divulged details about the schedule of the extraordinary general meeting for the purpose.

Mistry continued to be chairman of several listed companies of the Tata Group even after he was removed as chairman of the holding company, Tata Sons.

Earlier, Tata Power had informed BSE that the board of directors will meet on November 29, 2016.

During the board meeting, audited financial results for the second quarter and half year of this fiscal would be considered for approval.