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| Exchange Disseminated Time 22/11/2016 18:41:07 | Tata Chemicals Ltd has informed BSE that the Board of Directors of the Company, at its meeting held on November 22, 2016, has pursuant to the Special Notice & Requisition dated November 10, 2016 sent by Tata Sons Limited, shareholder of the Company holding 19.35% of the paid-up equity share capital of the Company and in recognition of the legal right vested in them as shareholder, decided to convene an Extraordinary General Meeting (EGM), to consider and if thought fit, to pass an Ordinary Resolution for removal of Mr. C. P. Mistry and Mr. Nusli Wadia as Directors of the Company.
Further, the Company has also received 2 notices dated November 16, 2016 under Section 160 of the Companies Act, 2013 from Tata Sons Limited, signifying their intention to propose the candidatures of Mr. Bhaskar Bhat and Mr. S. Padmanabhan to the office of Director of the Company at the ensuing EGM of the Company. Accordingly, the proposal for their appointment will also be included in the EGM Notice.
The EGM will be held on December 23, 2016 at 3.00 p.m. at Birla Matushri Sabhagar, 19 Sir Vithaldas Thackersey Marg, Marine Lines, Mumbai 400 020. |
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