Kolkata: The Chatterjee Group (TCG), co-promoter of Haldia Petrochemicals Ltd (HPL), on Tuesday opposed the appointment of Sumantra Choudhury as managing director, at the firm’s first annual general meeting (AGM) in eight years.

Choudhury was appointed managing director last month to replace former Coal India Ltd chairman Partha S. Bhattacharyya who demitted office amid a legal battle between TCG and the West Bengal government, the two co-promoters, over control and management of the petrochemical firm.

A file photo of Partha Chatterjee; Founder, Chairman of The Chatterjee Group (Mint)

The agreement gives TCG the right to appoint HPL’s managing director, and the state government, the chairman of the firm.

TCG didn’t oppose the appointment of Partha Chatterjee, the state’s commerce and industries minister, as HPL’s chairman, though he replaced TCG chief Purnendu Chatterjee, who continues to sit on the board as vice-chairman. Partha Chatterjee’s appointment as chairman was to be confirmed at Tuesday’s AGM.

TCG also opposed the reappointment of Jamshyd N. Godrej as an independent director, claiming that after he resigned in March his berth should have been given to one of its representatives. Instead, the state government persuaded Godrej to rejoin HPL’s board.

The resolutions dealing with the appointment of Choudhury and the reappointment of Godrej were carried by majority—by show of hands, according to people who attended the AGM. They did not wish to be identified. The media wasn’t allowed to attend the AGM.

romita.d@livemint.com

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