Tata Sons asks Tata Power to convene EGM for Cyrus Mistry removal
The regulatory filings have not divulged details about the schedule of the extraordinary general meeting for the purpose
New Delhi: 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 percent 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.
With the purchase of Air India, the Tata umbrella will have a capacity share of 40.17 percent in Delhi
Tata Sons wins bid for Air India, Civil Aviation Minister Jyotiraditya Scindia calls it "a new dawn" for airline
Along with 100 percent stake in Air India, as well as its low-cost arm, Air India Express, Tata Group will have a 50 percent stake in the carrier's SATS Airport Services Private Limited
Coal crisis: Tata Power warns Delhi customers that city may see intermittent rotational load shedding in coming days
Delhi CM Arvind Kejriwal said he has written to Prime Minister Narendra Modi for his intervention in making adequate arrangements of coal and gas to generation plants supplying electricity to the city