Cyrus Mistry removed as Tata Sons’ director

The shareholders of $4unanimously removed $4 as director of the company during the extraordinary general meeting.

The shareholders passed a resolution with requisite majority.

Last month, Tata Sons had called for an extraordinary general meeting (EGM) to remove Mistry from its board.

However, Mistry had legally challenged the move.

Last week, the $4 (NCLAT) had dismissed petitions by two investment firms, backed by Mistry family, against holding the EGM.

Mistry camp had moved the NCLAT after the Mumbai bench of National Company Law Tribunal (NCLT) had on January 31 refused to grant any relief.

Tata Sons had abruptly removed Mistry as its chairman on October 24 last year and sought his ouster from operating companies like Tata Motors and TCS. Mistry subsequently resigned from the board of six companies but dragged Tata Sons and his interim successor $4to the NCLT.