Cyrus Mistry was today removed as director of Tata Industries following shareholders’ vote. Tata Industries is a subsidiary of Tata Sons.

Tata Power has called an Extraordinary General Meeting (EGM) on the coming 26th. He is currently Chairman of Tata Power. Mistry joined the Board of Tata Sons in 2006 and was appointed Chairman of its Board in December 2012.

In a sudden and dramatic turn of events, Cyrus Mistry was on 24th of October this year sacked as Chairman of India’s largest conglomerate Tata Group and replaced by his predecessor Ratan Tata in the interim.

A five-member search committee was named, including Mr. Tata, to choose a successor within four months.