Analjit Singh resigns from Tata Global Beverages board after Mistry ouster1 min read . Updated: 21 Dec 2016, 01:04 AM IST
Max Group chairman Analjit Singh was not in favour of Cyrus Mistry ouster as chairman of Tata Global Beverages
Mumbai: Tata Global Beverages Ltd (TGBL) said on Monday that Analjit Singh, non-executive independent director of the company, has resigned from its board with immediate effect.
Singh’s office did not respond to an email seeking comment that was sent late on Tuesday evening. Tata Global Beverages communicated the decision to BSE in a filing.
Singh, who is the founder of Max Group, was not in favour of removing Cyrus Mistry as chairman of the company.
On 15 November, the board of directors of the company decided to remove Mistry as chairman of the company with a majority vote, with seven out of the 10 directors present at the meeting voting in favour of the resolution, according to a press release by Tata Global Beverages.
Mistry contested this, and said the vote was not part of the day’s agenda and sought the video recording of the meeting. A video recording is mandatory when one of the directors joined over video conference. Singh attended that meeting through video conference. However, a company secretary informed Mistry that the recording had not happened because of a technical glitch. A few days later, Tata Global Beverages passed a circular resolution to remove Mistry.
The other independent directors of the company are Darius Pandole, V. Leeladhar, Mallika Srinivasan, Ranjana Kumar and Ireena Vittal.