Tata Sons Board may consider stripping Cyrus Mistry of proxy powers

After the bitter public feud between Tata Group and Cyrus Mistry, the Tata Sons is looking forward to take away proxy powers of former Chairman Cyrus Mistry related to voting and attending shareholder meetings of group companies.

There will also be discussions over developments after the ouster of Mistry.

The board meeting is, however, being called as a regular one by Tata Sons. People close to Tata Sons told ET the meeting is called to discuss operational matters and that Mistry cannot, in any case, vote on behalf of Tata Sons as he is no longer the chairman.

It is still not clear that either Mistry will be attending the meet or not. Ratan Tata is the interim chairman and the board members include Nitin Nohria, Vijay Singh, Farida Khambata, Venu Srinivasan, Ajay Piramal, Amit Chandra, N Chandrasekaran and Ralf Speth.

At present, Mistry has the powers which allow him to vote on behalf of Tata Sons in the shareholder meets of operating companies.

Tata Global Beverages replaced Mistry as chairman on Tuesday while Tata Sons ousted him as chairman of TCS by virtue of its majority holding.