The Mistry family, which owns 18.4 per cent stake in Tata Sons Private Ltd, abstained from voting on the reappointment of group chairman N Chandrasekaran and appointment of independent director, Leo Puri — at the shareholders’ meeting held on Monday.
The Mistry family however rejected appointment of Vijay Singh as a director saying in the past, Singh had not fulfilled his fudicary duty to the company but only taken instructions from the majority shareholder, Tata Trusts.
Chandra, who drew a remuneration of ~91 crore in the financial year ending March 2021, was appointed for a second term beginning February 2022 by the