Tata Group owned company Tata Consultancy Services (TCS) on Monday said that Cyrus Mistry, the ousted chairman of Tata Sons has caused a lot of harm to the company and its shareholders.
"Mistry's conduct has caused enormous harm to the Tata group, TCSL and its stakeholders, including employees and shareholders. Subsequent to his replacement as executive chairman of Tata Sons, Mistry has made certain unsubstantiated allegations, which cast aspersions not only on Tata Sons and its board of directors, but also on the Tata group as a whole, of which TCSL is an integral part," the company said in its regulatory filing.
It further added, "the communication, which was marked as 'confidential', was made public. Mr. Mistry's conduct has caused enormous harm to the Tata group."
The company made the above mentioned claims in a regulatory filing to the Bombay Stock Exchange (BSE) and said that it will hold an an extraordinary general meeting (EGM) on December 13, 2016.
TCS board of directors met on November 17 to hold an EGM in a bid to remove Cyrus Mistry as the director of the company, which means the embattled ex-chairman could lose voting powers and attending shareholders meetings of the group companies.
The Ratan Tata-Cyrus Mistry war has turned murkier with allegations flying both ways. The independent directors of Tata Motors, Indian Hotels and Tata Chemicals have backed Mistry.
The TCSL stock closed at Rs 2,132.55 on Monday, up 0.44 percent from its previous close on the Bombay Stock Exchange.
