A senior functionary of the Foundation said the proposed half-day long event was meant for the South Asian community, including those of India, and was to involve leaders of various communities.
It was generally believed that the immigrant communities would be better off with the UK remaining a European Union member, he said, speaking about the reason for planning the event.
The event was called off as they believed that if Brexit won, which turned out to be the case today, then the South Asian immigrants may suffer from loss of face.
He said many South Asian community leaders well-settled in the UK were for Brexit as they believed their businesses and jobs felt threatened by the new wave of immigrants. Many leaders of the Indian community also supported the campaign.
He gave the example of Priti Patel, a Conservative member and minister in the government, who rallied support for 'Brexit'.