TCS Board meet to take on record Q3 earnings only after SC hearing

The date for Tata Consultancy Services (TCS) Board meeting to take on record its third-quarter earnings would now be decided only after clarity emerges on the status of Cyrus Mistry’s directorship with the company.

“TCS, which moved Supreme Court last week, has a sought to set aside the National Company Law Appellate Tribunal (NCLAT) ruling to reinstate Cyrus Mistry as a director on its board. On the directorship, TCS needs clarity, following which it would conduct the board meeting,” a source close to the development told BusinessLine.

“TCS is hopeful of getting a stay on its petition filed before Supreme Court,” he added. This is despite Cyrus Mistry, the ousted chairman of Tata Sons who has won an order in his favour to be reinstated, stating he would not seek a director seat on board of TCS or other Tata firms.