Tata Industries removed Cyrus Misty as Director at the Extraordinary General Meeting (EGM) held on Monday morning.
“Cyrus Mistry has been removed as director of Tata Industries,” media reports stated.
“Tata Industries removed Cyrus Mistry as Director at EGM held on Dec 12,” the reports added.
Mistry was removed as chairman of Tata Sons in October, but he remains on the board of some group companies.
On Sunday, Tata Sons has charged Cyrus Mistry of misleading the committee to get selected as chairman, retracting on his promises, concentrating powers and using free-hand given to him to weaken management structures.