‘Personally disappointed’: Ex-Tata Sons chairman Cyrus Mistry on Supreme Court verdict

2021-03-30 11:09:02

NEW DELHI: Former Tata Sons chairman Cyrus Mistry on Tuesday said that being a minority shareholder of the company, he is “personally disappointed” by the outcome of the Supreme Court judgement.
In an official statement, Mistry said he hopes that the issues raised by him will cause deeper reflection and influence individuals concerned to catalyse change.
Last week, the apex court upheld Tata Sons’ decision to sack Mistry as chairman of the salt-to-software conglomerate.
It also rejected the Shapoorji Pallonji Group‘s accusations against Ratan Tata, including Tata Sons boards’ allegedly oppressive practices against minority shareholders.
Mistry served as the chairman of Tata Sons from December 27, 2012 to October 24, 2016.
“Over the past four years, I’ve had the opportunity to reflect on my actions and on whether I could have handled the generational change in leadership better. In hindsight, while I may have had many imperfections, I have no doubt or erosion of conviction about the direction I chose, the integrity behind my actions and their consequences,” he added.

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