Finolex Cables shareholders reject Deepak Chhabria's reappointment as chairman amid SC dispute
Shareholders of Finolex Cables have rejected the reappointment of Deepak Chhabria as executive chairman, according to the company. The decision comes after the Supreme Court ordered the disclosure of voting results for the resolution, which had been withheld by the company. Prakash Chhabria-led Orbit Electricals, a promoter of Finolex Cables, took the matter to the Supreme Court, contesting the non-disclosure. A majority of shareholders, including 93.21% of the promoters, voted against Chhabria's reappointment.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
