Ousted Chairman
Cyrus Mistry said the developments at the board meeting of the
Tata Global Beverages is a repeat of the illegality that the
Board of Directors of Tata Sons did on October 24.
The statement said there was nothing on the agenda about the replacement of the Chairman just as there was nothing in the
Tata Sons Board Agenda on October 24.
Tata
Global Beverages directors voted out Cyrus
Mistry as Chairman and replaced him with
Harish Bhat. It is the second Tata company to replace Mistry after
Tata Consultancy Services.
"The
Tatas continue to demonstrate the lack of respect for due process of law that they have displayed," the statement by Mistry's office said.
Bhat, an employee of
Tata Sons, proposed that S.K. Santhanakrishnan, be made Chairman at the meeting. However, this proposal was ruled out since Mistry was already a Chairman for the meeting, it added.
"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 statement said."The meeting was conducted by 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 on October 24."
