Stoutly defending removal of Cyrus Mistry as its chairman, Tata Global Beverages Ltd on Thursday said it had accurately conveyed the decision of the board in its regulatory filings. It refuted Mistry's charge of filing incorrect information about the decision taken at the board meeting, saying the allegation of illegality by the ousted chairman was "incorrect". Replying to a clarification sought by the Bombay Stock Exchange, Tata Global Beverages Ltd (TGBL) said Mistry was removed in accordance with laws. "The company filing accurately reflects the decision made by the board of directors... at its meeting held on November 15, 2016. According to the company, seven out of 10 directors at the board meeting of TGBL had voted for removal of Mistry as chairman of the company.

Source: dna November 17, 2016 17:31 UTC