Tata Sons AGM deferred for lack of quorum, first in group's history
Mumbai: The Tata Sons AGM scheduled for Tuesday has been adjourned and deferred for lack of quorum, people familiar with the matter said, marking the first such instance in the history of the Tata group holding company.
The AGM was convened at Bombay House, with some stakeholders joining online. Sir Dorabji Tata Trust (SDTT), one of the two principal controlling trusts of Tata Sons, had informed the company that a joint representative could not participate in the AGM in the absence of the Maharashtra Charity Commissioner’s approval for Sir Ratan Tata Trust (SRTT), leaving the meeting without the required quorum.
The AGM was convened at Bombay House, with some stakeholders joining online. Sir Dorabji Tata Trust (SDTT), one of the two principal controlling trusts of Tata Sons, had informed the company that a joint representative could not participate in the AGM in the absence of the Maharashtra Charity Commissioner’s approval for Sir Ratan Tata Trust (SRTT), leaving the meeting without the required quorum.
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