Birla Corp board meeting sails through

Our Corporate Bureau
21 July 2004

Kolkata: Tuesday''s board meeting of Birla Corporation Ltd, the flagship of the M.P. Birla Group, passed off smoothly and in a cordial atmosphere. The meeting was chaired by R.S. Lodha, co-chairman of the company.

According to a director who was present at the meeting, a two-minute silence was observed in memory of the former chairman, the late Priyamvada Birla.

The director clarified that no representative of the financial institutions present at the meeting opposed Lodha''s chairmanship. Nandini Nopany, daughter of K.K. Birla, one of the Birla family member to opposed Lodha''s claim of inheritance, was also present at the meeting as a director.

All the nine members of the board were present at the meeting. The meeting began after 11 in the morning and was over within an hour.

When asked whether all board members supported Lodha''s chairmanship, he said: "I will not go into further details. Please try to read between the lines."

While leaving the meeting, Lodha too confirmed the fact that he chaired the meeting.