Nusli Wadia voted out of Tata Chemicals, 76 percentage of votes polled against him at EGM
Friday, January 13, 2017 IST
Nusli Wadia voted out of Tata Chemicals, 76% of votes polled against him at EGM
New Delhi: Nusli Wadia was voted out as an independent director of Tata Chemicals at an extraordinary general meeting (EGM) hung on Friday.
Nusli Wadia was voted out as free executive of Tata Chemicals with 75.67% voting against him out of the aggregate votes surveyed.
As indicated by an administrative recording by Tata Chemicals, out of the aggregate of 25.48 crore shares of the organization, 14.91 crore shares were voted. Out of this, 11.28 crore were agreeable to the determination to expel him.
The organization said 3.62 crore votes, representing 24.33 for every penny of votes surveyed, were against his expulsion.
Goodbye Chemicals additionally said the shareholders have endorsed a determination to designate Bhaskar Bhat as an executive of the organization with 79.26 for every penny of votes going to support him.
It additionally said the shareholders have likewise endorsed the arrangement of S Padmanabhan as chief of the organization with 89.29 for every penny voting for a determination for his arrangement.
More than 51 percent of the non-promoters voted in favor of him if votes of promoters are rejected.
On Wednesday, Wadia was expelled as autonomous executive from the leading body of Tata Steel.
Taking after unceremonious expulsion from the leading group of both Tata Steel and Tata Sons, free executive Nusli Wadia had recorded criminal criticism body of evidence against Ratan Tata, chiefs of Tata children.
Shareholders of Tata Motors have voted to expel autonomous executive Nusli Wadia from the top managerial staff.
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