REVAMP ROUTE
- As a Pvt Ltd firm, the group holding company would not need to make as many disclosures as it made until now
- If it defaults in paying dividend for two or more years, its preference shareholders would get voting rights
- The Mistry family opposed all resolutions at the AGM, except the dividends one
- The family has also decided to challenge the group’s move to become a private limited firm in the courts
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