On disregard for due process at the TGBL board meeting

The developments at the board meeting of the Tata Global Beverages Ltd is nothing but a repeat of the illegality that the Board of Directors of Tata Sons Ltd did on October 24. There was nothing on the agenda about replacement of the Chairman just as there was nothing in the Tata Sons Board Agenda on October 24.

The Tatas continue to demonstrate the lack of respect for due process of law that they have displayed. Harish Bhat, an employee of Tata Sons proposed that Mr. S.K. Santhanakrishnan be made Chairman at the meeting. This proposal was ruled out since there was already a Chairman for the meeting, namely, Cyrus Mistry. When the proposal to remove Mr. Mistry was sought to
be moved, it was ruled out by the Chairman since it was not on the agenda. The meeting was conducted by Mr. Mistry as Chairman and was concluded. The statement made to stock exchanges today is therefore inaccurate and illegal and it is but a repeat of exactly the same illegal acts done by Tata Sons Ltd on October 24.

Two independent directors Darius Pandole and Analjit Singh opposed the bid at committing these illegal acts.
 
 
Office of Cyrus P. Mistry
15 November 2016
 
 


 

 
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